The Employee Recognition Landscape is Changing

China Gorman

The fifth research report in an annual partnership between SHRM and Globoforce was published this week. With the economy and hiring improving, businesses are wise to become concerned that the “grass is greener” syndrome may take hold of their very best employees. The employees who are super marketable as job opening grow. (In In 2013 and 2012, the SHRM/Globoforce surveys identified employee engagement and succession planning as the topmost HR concerns.

The importance of employee recognition

Interact-Intranet

The importance of employee recognition is often overlooked – are you aware of the impact? Employee recognition is essential for motivating, retaining and fully engaging our employees. Now, employees expect – and respond – to the same approach when it comes to recognizing their contributions within the workplace. This means the days of annual appraisals and salary as the sole driver for employees are behind us. Source: Globoforce.

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Reality confronts traditional “Employee Recognition Myths”

Possible Works

Reality confronts traditional “Employee Recognition Myths”. Recognition at the workplace motivates employees and boosts their productivity. Studies have revealed that 64% of the employees resign as they feel unappreciated and disengaged while 69% of employees would work harder if they felt their efforts were better appreciated. While this is important, recognition coming from peers can be a potent engagement source. Employee Recognition Myths.

Surprise! Survey Shows How Employee Recognition Landscape is Changing

TLNT: The Business of HR

The fifth research report in an annual partnership between SHRM and Globoforce ( the 2015 Employee Recognition Survey ) was published this week. With the economy and hiring improving, businesses are wise to become concerned that the “grass is greener” syndrome may take hold of their very best employees — the employees who are super marketable as job opening grow. (In Recognition adds to the bottom line.

What’s the Key to Talent Retention? Human-Centered Approaches, Says SHRM/Globoforce Report

HR Daily Advisor

HR leaders are using human-centered approaches in the workplace, which may help resolve retention, recruitment, and culture management challenges, according to a new report released by Globoforce ® , a provider of social recognition and continuous performance development solutions, and the Society for Human Resource Management (SHRM). Among HR leaders surveyed, 80% say their organization currently has an employee recognition program.

3 Reasons Why Metrics Go Wrong

Compensation Cafe

Sadly, in some areas over the years, that’s become twisted to focus on the metric and not the behavior or goal underlying the metric. Knowing where we stand and how we’re doing in working toward targets is important, but these metrics must never supersede the original reason for pursuing the target. If the original goal or target is providing good healthcare to help people live longer, healthier lives, then the metric has certainly supplanted the goal.

2 Things to Get the Most Out of Employee Recognition Programs

Compensation Cafe

Recognizing and appreciating employees for efforts, behaviors and results in line with what matters most to your organization is guaranteed to get positive results. But getting the most out of employee recognition programs requires empowering all employees to fully participate in recognition and giving managers actionable oversight of recognition itself through metrics and dashboards. 1) Trust Employees with Full Peer-to-Peer Recognition.

Cultures of Recognition Don’t Create Themselves

RecognizeThis!

Leadership, involvement by all, and strong communications are critical to making recognition and appreciation part of the daily rhythm of work. During my career at Globoforce , I’ve had the pleasure of working with dozens of companies across nearly every industry type. While my role is consult with and guide them on their recognition journey, I’ve also learned from them over the years. 1) “Building a culture of daily recognition and appreciation doesn’t happen overnight.

10 Rules for Recognition That Increase Employee Commitment

TalentCulture

So, when I hear from managers that they have no time to recognize, or show appreciation for their employees , I cringe. Essentially what these managers are saying is, they’re not interested in increasing employee commitment to the cause. They want their employees to feel taken advantage of. But not recognizing employees for their hard work is management malpractice. Management malpractice also drives the outdated belief: “Why should I recognize my employees.

10 Rules For Recognition That Increase Employee Commitment

SuccessFactors

So when I hear from managers that they have no time to recognize or show appreciation for their employees , I cringe. Essentially what these managers are saying is, they’re not interested in increasing employee commitment to the cause. They want their employees to feel taken advantage of. But not recognizing employees for their hard work is management malpractice. Management malpractice also drives this outdated notion: “Why should I recognize my employees?

1% of Payroll: The Magic Number For Social Recognition Investment

WorkHuman

Why do some recognition programs take off with widespread adoption, while others struggle to gain traction or make an impact? The problem is not that some work cultures don’t need recognition – appreciation is a basic human need. One challenge many companies face is that executives, and sometimes even HR leaders, perceive recognition as a cost as opposed to an investment. What about “free recognition” or “e-thanks”? Funding Recognition Without Adding Budget.

Survey: 93% of Managers Need Training on Coaching Employees

WorkHuman

Over the past few months, we’ve run a series of posts covering findings from the latest SHRM/Globoforce Employee Recognition Survey. The Proven Links Between Retention and Employee Experience ). Recognition programs tied to organizational values are perceived to outperform other programs on every metric evaluated. 1% of Payroll: The Magic Number for Social Recognition Investment ). Do managers need training on how to coach employees?

The Amazing ROI of Rewards and Recognition In Your Organization

Vantage Circle

If employee engagement is a boat then rewards and recognition is the well-oiled engine required to steer it to its destination. Treat your employees well and they’ll return the favor by being more productive. Increased Employee Engagement. employee engagement ( 84% ).

Cafe Classic: The Power of Positivity at Work

Compensation Cafe

Have we done enough to prove engaged, happy employees are more productive and more inclined to deliver on needed success metrics? Buffer against negative events like stress, improving employees ability to bounce back from challenges and difficulties. Recognition

[New Report] How to Make a Business Case for Social Recognition

WorkHuman

Don’t you wish you could convince your stubborn colleagues of the business value of praise and recognition? We recently published a paper titled, The ROI of Social Recognition: 7 Ways it Drives Business Success. It’s packed with the latest industry studies and statistics that show the proven links between social recognition and quantifiable business metrics. Here’s a sneak peek at the 7 ways social recognition impacts business: It reinforces company values and culture.

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A Question of Measurement and Value Creation

Compensation Cafe

One trend is to follow a Balanced Scorecard (BSC) philosophy, supplementing traditional financial metrics (such as accounting earnings or stock price) with nonfinancial metrics (such as employee engagement and customer satisfaction). Recent research highlighted in MIT Sloan Management Review asks whether the latter metrics are indeed related to a firm’s ability to create value, and appropriate to include in compensation formulas. Compensation Philosophy Recognition

Is HR an Art or a Science?

WorkHuman

Is HR more about squishy, feel good moments or the cold, hard metrics behind the madness? You may recall he hosted a webinar with us last summer on the Power of Feel Good Recognition Moments. I really believe in metrics, in measuring things. You hosted a webinar with Globoforce on feel good recognition moments. Why is recognition so important to building a human workplace? Do you have a favorite recognition moment – either given or received?

A New Era of Data in HR?

Compensation Cafe

Perhaps more importantly, are you still looking at the same metrics as a decade ago, new metrics that have emerged only over the past couple of years, or some blend of both? Most companies have thousands of employees, not millions, and the observations on those employees are still for the most part annual. Recognition

A Tale of Two Schedules…

Compensation Cafe

Companies and municipalities are struggling with some thorny issues around the best way of scheduling work that supports both the humanity and productivity of employees. It is interesting to see the divergence of solutions that address the same fundamental question: how can we improve employees’ experiences of work? The truth is the employee expectations-experience relationship will never be homogenous across the workforce or even among teams. Recognition

“Oh, the Places You’ll Go!” with the Power of Thanks

Compensation Cafe

What a brilliant idea as well as brilliant metaphor for the power of messages of recognition and appreciation reviewed again long after originally given. The most recent SHRM/Globoforce 2015 Employee Recognition Report , “Culture as a Competitive Differentiator,” noted this as two of the key findings – one linked to the individual benefit and one to the corporate benefit: “Values-based recognition programs are helping employers create a stronger culture and more human workplace.

Cafe Classic: 3 Reasons to Empower All Employees to Give Discretionary Rewards

Compensation Cafe

Editor's Note: Discretion in employee rewards can be beneficial or demoralizing, depending on who holds the discretionary power and how they wield it. What if we put the power of discretion into the hands of employees? Read Derek Irvine's Classic post on the positive impact of empowering employees with the discretion to reward their peers. The unintended reinforcement of the manager and his or her concerns as the primary focus of employees. Recognition

What It Really Means To Humanize Work

WorkHuman

As Derek Irvine, Vice President, Client Strategy and Consulting at Globoforce , pointed out in a quick historical office tour stretching from the Ancient Greeks to the knowledge age, we have “2,000 years of experience in removing humanity from the workplace.” His company, a leader in employee recognition solutions, took the bull by the horns and hosted the first ever WorkHuman Summit (full disclosure: I was among the speakers) last week in Orlando.

The Power of Positivity at Work

Compensation Cafe

Have we done enough to prove engaged, happy employees are more productive and more inclined to deliver on needed success metrics? Positive practices: Increase positive emotions which broaden employees’ resources and abilities by improving people’s relationships with each other and amplifying their creativity and ability to think creatively. Buffer against negative events like stress, improving employees ability to bounce back from challenges and difficulties.

Promotions, Bonuses, Raises, Recognition - When They Work (and When They Don't)

Compensation Cafe

You can’t give all employees promotions, bonuses, or raises. Social recognition, however, can be applied to all. In perhaps a worst-case scenario, promotions are little more than title changes in which the employee’s job duties change little if at all with no pay increase. It’s not a positive experience for the employee. But let’s be realistic about recent trends – at most, the majority of employees are receiving the equivalent of cost-of-living increases.

Where Have All the Raises Gone?

Compensation Cafe

Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation. Give all employees annually an across the board Cost-of-Living Adjustment (COLA) of approximately 2%. Doing so broadens dramatically the reasons for which employees can be rewarded throughout the year in sync with the efforts being recognized. Compensation Philosophy Incentives/Bonuses Recognition Total Rewards

#Employee Feedback Is The Killer App #HR

TalentHQ

A new market has emerged: Employee feedback apps for the corporate marketplace. As the economy grows and the job market gets hotter, employee engagement and retention have become a top priority. As attention shifts toward the health and happiness of staff, employee engagement remains surprisingly low. Gallup tells us that only about 1/3 of employees are actively engaged, Glassdoor data shows an average engagement of a C+ (3.1 Social Recognition Tools.

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