How to Find Budget Dollars for Employee Recognition

HR Bartender

I thought about this as I was planning my agenda for this year’s WorkHuman Conference , pioneered by Globoforce. I saw that one of the sessions this year was titled “Show Me the Money: 5 Unexpected Places to Find Recognition Budget” and reached out to the speaker Rob Schmitter , solutions architect at Globoforce, to see if he would give us a sneak peek. Rob, I’d like to think that everyone understands recognition is important. Payroll. Let’s face it.

[Report] 3 New Global HR Trends from Globoforce & RES Forum

WorkHuman

If you’ve been following the Globoforce blog these past few months, you may recall that we recently published a report with findings from the 2016 SHRM/Globoforce employee recognition survey. Do these trends in employee recognition, performance management, retention, and engagement look different outside of the U.S.? 50% of those surveyed work at companies of 25,000+ employees. The top three of these results were: Employee engagement (64%).

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Celebrate Your Employees: Employee Recognition At Its Best

Get Hppy

Research shows that it can be better to express gratitude than to receive recognition. Not only do recognition and gratitude have positive impacts on the health and well-being of employees, they can also increase engagement. Companies who have employee recognition programs have engagement levels over 71% higher than companies without recognition programs. The programs motivate employees and boost satisfaction. Making employee recognition work.

Employee Recognition Myths

Possible Works

Employee Recognition Myths. Recognition at the workplace motivates employees and boosts their productivity. Employees are more likely to take initiatives and deliver on KPI’s if their efforts are valued and their contributions are appreciated. 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. ENGAGE. RECOGNIZE.

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.

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.

5 Takeaways from the New SHRM/Globoforce Recognition Survey

WorkHuman

2016 SHRM/Globoforce Employee Recognition Survey. For the data geeks among us, the release of the 2016 SHRM/Globoforce Recognition Survey is like an early holiday gift. This report shows where to focus your efforts by examining best practices in budgeting employee recognition, the impact of recognition on organizational outcomes, trends in human workplace efforts, and evolving performance management practices.

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?

Thanks, Workday, for the Recognition… and the Reminder

WorkHuman

I like to think I’m a pretty experienced practitioner in recognition. With nearly ten years at Globoforce, I’m probably as close to a professional recognizer as it gets. I’ve given out hundreds of recognition awards, and I’ve definitely received my fair share in return. As the creators of the world’s most effective program for employee appreciation and engagement, we do a LOT of recognizing in our organization. Recognition never gets old.

The Recognition Science Denier

WorkHuman

She started our meeting by saying, “Of course, I know what recognition is. It’s a soft, feel-good program that employees seem to like and a necessary expense today. She was a “Recognition Science Denier.” But by the end of the meeting, our conversation had shifted from recognition as a cost to recognition as an investment – in culture, and employee experience , retention , and engagement. “We Do you work with a Recognition Science Denier?

6 Recognition Myths Debunked

WorkHuman

When we talk to HR leaders, we hear some common barriers or myths that stop companies from modernizing their approach to employee recognition. These myths can be especially frustrating for anyone who is passionate about bringing social recognition to their company. I don’t have time.” – Compared to many HR initiatives that can take years to execute, recognition is one of the fastest to implement. Check out this Q&A with Claire Grey on Cisco’s recognition journey.

How Technology Will Transform the HR Organization

Everwise

HR professionals are ultra savvy about employees’ needs and how companies can use technology to increase retention, and down the line, boosting corporate profits. Every part of the employee lifecycle is saddled with paperwork, ranging from resume review to payroll, all the way through to exit interviews. These maps allow for a holistic feedback process and the promotion of those employees who are truly most valuable.

3 Programs Adopted By Award-Winning Workplaces

WorkHuman

Having your company named as a best place to work is certainly a highlight for any HR team working to create culture that naturally attracts top talent (especially when 51% of employees are actively looking for a new job ). The 2016 SHRM/Globoforce Employee Recognition Survey report shows where to focus your efforts for the best results. The Factors That Predict Employee Turnover. The fourth element relates to recognition and praise.

This Is How to Get Business Returns from Service Anniversaries

RecognizeThis!

Service anniversary recognition doesn’t typically make the news. So the recent story involving an absentee employee in Spain who was exposed by a long service award got my attention. As reported by El Mundo , the employee had been absent from his municipal job for six years while still on the payroll. As a proponent of service anniversary recognition, I’ve never touted this sort of discovery as one of its merits! By Brenda Pohlman. Recognize This!

3 Innovative Compensation Ideas Ready for Prime Time

Compensation Cafe

They change employee commitment to their colleagues, their customers, and their company. After completing the 90-day new-hire training period, Zappos needs to know its newest employees are all-in. Indeed, Amazon doubled down, offering fulfillment center employees $2,000 in their first year to quit, increasing the offer $1,000 every year to a maximum of $5,000. Compensation Philosophy Incentives/Bonuses Pay for Performance Recognition

Cafe Classic: Why Employees Actually Leave (Hint: It's Not Money)

Compensation Cafe

Editor's Note: Why do employees leave? How much alignment is there between why managers think employees leave and their actual reasons for doing so? Leigh has been researching employee engagement and retention best practices for the last two decades and shared with the webinar participants his findings from deep analysis of employees included in the Saratoga Institute study (which included 20,700 surveys from employees in 17 industries, and 4,500 verbatim comments).

Getting Crowdsourced Pay Right

Compensation Cafe

The immediate image in most peoples’ heads is of a company run amok, employees having free rein over payroll decisions, perhaps even an unsustainable utopia of giant paychecks for all. Typically, a relatively small portion of the overall payroll budget is devoted to crowdsourced methods, like social recognition. Such methods are also more inclusive, spreading a wider net of energy across employees. Equally important, employees need to feel a sense of autonomy.

The Ultimate Guide To Employee Rewards and Recognition

Vantage Circle

In the last two decades, rewards and recognition have been the driving force behind global companies’ success in delivering a near-perfect employee experience. To acquire and retain the top performers, you must build a workplace culture where employee recognition is the everyday norm.

To Make an Investment Work, Keep it Top of Mind

Compensation Cafe

A similar transformation is needed in the way that companies communicate (and keep top of mind) the value and investments that they make in their employees. For the sake of argument, I suspect that salary, incentives, and benefits are not top of mind for the typical employee on a frequent basis. As a result, employees can easily overlook the investments that a company makes and may even assume there are better opportunities elsewhere. Performance Management Recognition

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. The share of payroll budgets devoted to straight salary increases sank to a low of 1.8 percent of payrolls. Give all employees annually an across the board Cost-of-Living Adjustment (COLA) of approximately 2%. Compensation Philosophy Incentives/Bonuses Recognition Total Rewards

HR TechStack – Employee Engagement Software

WhoKnows

Employee Engagement Software Definition. Employee engagement software helps organizations solicit and track feedback from their employees, recognize employee achievements, and promote positive activity. Employee engagement tools are used to draw actionable insights from employee feedback. To qualify for inclusion in the Employee Engagement category, a product must: Enable users to conduct employee pulse surveys to gauge employee satisfaction.

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