Fanclub Recognition
APRIL 20, 2022
44% of employees switch jobs because of not getting adequate recognition for their efforts. Companies with effective recognition programs have 31% lower voluntary turnover. Employers can retain more than half of the employees simply by fostering a strong recognition culture. 91% of HR workers agree recognition and reward has a positive effect on employee retention. Globoforce.
China Gorman
JUNE 23, 2015
The fifth research report in an annual partnership between SHRM and Globoforce was published this week. Namely, that retention/turnover is the top challenge reported by nearly 1,000 SHRM members. 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
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WorkHuman
APRIL 4, 2017
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%).
Terryberry
OCTOBER 14, 2022
There is no question that companies with an employee recognition program are becoming more common. Employee recognition programs can take many different forms, but at their core, they all aim to appreciate employees for a job well done. Monetary Recognition.
Engagedly
MARCH 23, 2021
Yes, you guessed it right; most employees fail to perform well when they do not receive enough recognition. A study highlights that almost 69% of employees feel they would work harder if appreciated more. Employee recognition brings out the best in employees.
Vantage Circle
JUNE 16, 2021
A Complete Guide To Employee Recognition. This is the ultimate guide to employee recognition for business leaders. Here, you'll learn: What employee recognition is. Build an effective recognition program. What is Employee Recognition?
Vantage Circle
JULY 27, 2021
The benefits of employee recognition and its connection to successful business outcomes may be intuitively obvious to you as an HR manager. But you’d want to have some persuasive employee recognition statistics by your side to back your point. Source : Globoforce.
WorkHuman
DECEMBER 15, 2016
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.
Interact-Intranet
JUNE 7, 2017
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.
Bonusly
JANUARY 17, 2022
Recruiting top talent and employee retention is no longer just a threat for understaffed industries—it’s something we are seeing across the board. A report from the Work Institute estimates that by 2023, up to 35% of employees may leave their jobs each year. Lack of recognition.
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TLNT: The Business of HR
JUNE 24, 2015
The fifth research report in an annual partnership between SHRM and Globoforce ( the 2015 Employee Recognition Survey ) was published this week. It’s that retention/turnover is the top challenge reported by nearly 1,000 SHRM members. In full disclosure mode, I should mention that I am the former Chief Operating Officer of SHRM and am currently Chair of Globoforce’s WorkHuman advisory board.). Recognition adds to the bottom line.
SumTotal
JUNE 7, 2016
Employee recognition isn’t just a perk that creates warm, fuzzy feelings. It has real effects on your company’s retention and results. Take a look at the findings from Socialcast, SHRM and Globoforce: 69% of employees say they’d work harder if their efforts were better appreciated. Employees with managers who provide recognition are 14-19% more engaged than other employees. Companies with strategic recognition had a turnover rate 23.4%
exaqueo
DECEMBER 23, 2016
“People work for money but go the extra mile for recognition praise and rewards.” This week’s curated articles will get you thinking more about employee recognition and its link back to productivity, retention and more. 1) Trends in Employee Recognition from HR Trend Institute Employee recognition programs, once considered a “nice” but non-essential component of human resources, have changed dramatically over the past five years.
Compensation Cafe
MAY 14, 2015
WorldatWork’s latest “Trends in Employee Recognition Report” is out. Key highlights from this year’s report: 1) Prevalence of recognition programs in organizations continues to grow. 89% of organizations offer some sort of recognition program with an average of 4.6 different types of recognition programs in each organization. Recognizing loyalty through years of service celebrations remains the number one most common recognition program. Recognition
WorkHuman
JANUARY 26, 2017
Retention and employee experience are two sides of the same coin. My story is not unique, which is why retention remains a serious issue for HR and business leaders. This post is the first in a series on findings from the new SHRM/Globoforce Employee Recognition Survey (sent to nearly 800 HR professionals). The first finding is: The top three workforce management challenges faced by organizations today are retention/turnover, engagement, and recruitment.
WorkHuman
AUGUST 2, 2017
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?
WorkHuman
MARCH 1, 2017
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.
Precheck
NOVEMBER 28, 2017
Healthcare HR and Employee Retention: 6 Key Factors to Consider Nov. One of the largest growing concerns among employers across all industries is retaining high-performing and high-potential employees. In fact, 46 percent of HR professionals cite employee retention/turnover as the top workforce management challenge in 2016, an increase from 25 percent in 2012. Here’s how you can use stay interviews to improve your employee retention initiatives.
SuccessFactors
MARCH 31, 2017
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?
Compensation Cafe
FEBRUARY 18, 2015
In my work consulting on employee recognition and rewards, one question I hear repeatedly centers on the perceived Millennial/Gen Y need for constant feedback and praise, often linked with the trend for Millennials to remain in a position for less than two years. For many employees at this very early stage of their career, they are not saying, “Look at me! As for the challenge of Millennial retention, this is quite real. We all know the high cost of turnover.
WorkHuman
APRIL 12, 2017
In the five years we’ve conducted the SHRM/Globoforce Employee Recognition Survey, employee retention/turnover has nearly doubled as a top concern for HR professionals. Fortune” listed retention as a top concern this year and in the United Kingdom, companies are more concerned about staff turnover than the impact of Brexit. What can we do to enrich and add meaning to our employees’ experience at work?
HR Bartender
MARCH 20, 2016
And if the goal is for employees to have consistent performance, that means that managers are discussing the same thing with employees. Long-term employees have participated in the same process each year for what seems like an eternity. Both the manager and employee knew what the conversation was going to focus on, but it was brief and to the point. Learn why employees stay so those things don’t change. Ask employees to do a self-evaluation.
HR Bartender
MARCH 20, 2016
And if the goal is for employees to have consistent performance, that means that managers are discussing the same thing with employees. Long-term employees have participated in the same process each year for what seems like an eternity. Both the manager and employee knew what the conversation was going to focus on, but it was brief and to the point. Learn why employees stay so those things don’t change. Ask employees to do a self-evaluation.
WorkHuman
MARCH 21, 2017
Over the past few months, we’ve run a series of posts covering findings from the latest SHRM/Globoforce Employee Recognition Survey. To recap, here are the four findings and their respective posts: The top three workforce management challenges faced by organizations today are retention/turnover, engagement, and recruitment. ( The Proven Links Between Retention and Employee Experience ). Do managers need training on how to coach employees?
HR Tech Girl
JANUARY 18, 2023
Another year, another set of decisions to make when it comes to all of the things under the umbrella topic of HR—employee engagement, job satisfaction, and employee and performance management, to name just a few. They also appreciate feedback and recognition (more on this later).
Vantage Circle
OCTOBER 10, 2019
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. According to a survey, almost 78 percent of employees would work harder if they were better recognized. To attract the top performers, it’s almost an essential need to have a rewards and recognition program in place. Increased Employee Engagement.
ATD Human Capital
SEPTEMBER 7, 2016
According to a 2015 employee recognition survey by the Society for Human Resource Management (SHRM) and Globoforce, organizations with programs that recognize and reward employees for their time and contribution experience better business results. The report also states that employee turnover, employee engagement, and succession planning are the top three challenges that organizations are facing today. raise employee engagement.
WorkHuman
APRIL 5, 2016
Every two years, WorldatWork surveys publishes a report on trends in employee recognition. Last year’s report confirmed that recognition is still an important HR tool, with 89% of organizations having a program in place. Organizations are also recognizing employees more frequently. The response, “more recognition than 12 months ago” rose 9% from 2013 to 2015. It’s clear that recognition has a profound impact on retaining talent.
Compensation Cafe
MARCH 18, 2015
That’s recognition enough.”. Pay and recognition serve very different needs, but they are in a symbiotic relationship when it comes to fulfilling those employee needs. All the recognition in the world won’t help resolve an underpaid employee’s base needs in terms of Maslow’s Hierarchy. And pay raises, consistently and appropriately given, won’t meet the higher-order employee needs, either. Employee recognition (91%).
Vantage Circle
MARCH 10, 2021
Employee engagement tool helps measure or boost employee engagement that in turn will improve the productivity and efficiency of the employees and reduce staff turnover. Features of Employee Engagement Tools. Employee perks: Employee discounts.
Vantage Circle
DECEMBER 12, 2022
When looking for employment, employees are looking for a paycheck and a job that meets their needs. These employee needs may vary from person to person, but the basic needs remain the same. Why Is It Important To Meet The Needs Of The employees? Employee Development.
OmegaHR Solutions
FEBRUARY 29, 2016
What do you do when you don’t have employees staying long enough for service awards? I was reading an article that gave examples of tax exempt benefits that your employees really want. One of these was recognition awards, including longevity awards for years of service. He further referenced a study by SHRM and Globoforce that said “ 90 percent of HR professionals surveyed said recognition programs positively impacted engagement.”
ClearCompany Recruiting
DECEMBER 5, 2018
And yet, recruitment was only the second biggest challenge facing HR leaders surveyed for The 2018 SHRM/Globoforce Employee Recognition Report. The top workforce management challenge turned out to be, for the third year in a row, employee retention and turnover.
Vantage Circle
OCTOBER 7, 2022
Employees who believed in setting boundaries and avoiding unnecessary workload. Here, do know that employees don’t jump into this practice the very next day they hear about it. Signs that indicate employee’s disengagement or lack of enthusiasm.
Compensation Cafe
DECEMBER 15, 2017
Editor's Note: Given today's labor market dynamics, Derek Irvine's Classic post on compensation and retention is a important as ever. Retention isn’t a common theme on Compensation Café , but the association between retention and compensation goes far beyond “paying people enough money to get them to stay.” Research released by Towers Watson and WorldatWork reported: 1) Attracting and retaining key employees is a growing challenge.
Compensation Cafe
FEBRUARY 7, 2017
The ‘ war for talent ’ reflects the critical role talented employees have in driving organizational success and increasing competition for this scarce resource. Indeed, retention of high performers is frequently a concern I hear from many of the clients I work with. Employees have much greater expectations for the experience their work can offer, financially and emotionally. Social recognition enables gratitude to be communicated in real time and in response to performance.
TalentHQ
SEPTEMBER 3, 2015
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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