[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. About 1 in 4 (23%) said their organization invests 1% or more of payroll on employee recognition , reporting a positive impact on engagement, reinforcing corporate values, and retention. Report] 3 New Global HR Trends from @globoforce & @theresforum Click To Tweet.

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). The SHRM/Globoforce Employee Recognition Report was commissioned by Globoforce and conducted by SHRM from September 27, 2017, to October 18, 2017.

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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. The sweet spot for rewards & recognition budget is 1% or more of payroll. To get all the data from the latest SHRM/Globoforce Employee Recognition Survey, download the report here. 5 Takeaways from the New SHRM/Globoforce Recognition Survey Click To Tweet.

Payroll, HR, Benefits: The Executive Experience

PeopleStrategy

What does your CEO, CFO or other executive team member expect from their core HR, payroll and benefits experience? What your executive team wants is peace of mind that processes like payroll, benefits and compliance are being managed accurately, effectively and in a timely manner. They don’t want a call in the middle of the night saying “there’s been an error with payroll and the entire company is standing in your front yard demanding their paycheck.”

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

WorkHuman

Finding 3 in the 2016 SHRM/Globoforce Employee Recognition Survey shows that the sweet spot for values-based rewards and recognition investment is 1% or more of payroll. Companies that make this level of investment are nearly three times as likely to rate their program as excellent, compared to companies that invest less than 1% of payroll. 1% of Payroll: The Magic Number for Social Recognition Investment Click To Tweet.

The Best Workday Integration You Never Knew About

WorkHuman

Learn more about Globoforce’s pre-packed integration for social recognition in our webinar this Wednesday. Globoforce is the only certified Workday partner offering pre-packed integration for social recognition. Rob Schmitter and Dan Fiore from Globoforce will do a live demo in our webinar this Wednesday, Nov. 5 Reasons to Integrate Globoforce’s Social Recognition with Workday. What value does the Globoforce/Workday integration bring?

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. Organizations that dedicate 1% or more of payroll to values-based rewards and recognition are more likely to perceive greater impacts on retention and financial outcomes. ( 1% of Payroll: The Magic Number for Social Recognition Investment ). 5 Takeaways from the New SHRM/Globoforce Recognition Survey.

5 Tips for Launching a Social Recognition Program

WorkHuman

The webinar will be co-hosted by Derek Irvine, vice president, client strategy and consulting at Globoforce, and Lynette Silva, senior recognition strategist at Globoforce. Future-proof recognition : One of the perks of working with Globoforce is we partner with you to ensure your program evolves with your organization. 1% of Payroll: The Magic Number for Social Recognition Investment.

Thanks, Workday, for the Recognition… and the Reminder

WorkHuman

With nearly ten years at Globoforce, I’m probably as close to a professional recognizer as it gets. Workday’s Alliances group announced a brand new partner award, and Globoforce was recognized as Workday’s first-ever 2014 Certified Solutions Partner of the Year in the Software/Payroll division. I like to think I’m a pretty experienced practitioner in recognition. I talk about it every day.

The Recognition Science Denier

WorkHuman

Below is a clip about the Deniers from Globoforce CEO Eric Mosley’s keynote at WorkHuman 2017. At WorkHuman 2016, a group of 30 Globoforce customers corroborated with the WorkHuman Research Institute and Shawn Achor , WorkHuman speaker and Harvard researcher, to examine the impact of their recognition programs on talent outcomes like turnover and performance. 1% of Payroll: The Magic Number for Social Recognition Investment.

Major Studies Detail Correlation Between Employee Engagement and Retention

Hoops

SHRM/GloboForce Employee Experience Survey. The revelation about HR challenges comes from the 2016 SHRM/Globoforce Employee Experience Survey (sent to nearly 800 HR professionals). In companies that spend 1% or more of payroll on such recognition programs, employees are nearly 3X as likely to rate their program as excellent. IBM/Globoforce Employee Experience Index. . Recent Studies Detail Correlation Between Employee Engagement and Retention.

3 Programs Adopted By Award-Winning Workplaces

WorkHuman

The 2016 SHRM/Globoforce Employee Recognition Survey report shows where to focus your efforts for the best results. Data from Globoforce and IBM’s Employee Experience Index shows that work-life balance is one of six proven human workplace practices. 1% of Payroll: The Magic Number for Social Recognition Investment. With all the buzz surrounding the Oscar winners this week, I wonder what the equivalent of the Oscars is in the HR world?

How Technology Will Transform the HR Organization

Everwise

Every part of the employee lifecycle is saddled with paperwork, ranging from resume review to payroll, all the way through to exit interviews. Companies such as Globoforce take this approach one step further with software that promotes peer-to-peer employee recognition, allowing individuals to see which of their co-workers provided positive feedback on them.

6 Recognition Myths Debunked

WorkHuman

Most Globoforce recognition programs are strategized, designed, and launched in a matter of months – and no other program you invest in will deliver return as quickly as recognition. Engage a partner like Globoforce with a proven track record of building and sustaining successful recognition programs. 1% of Payroll: The Magic Number for Social Recognition Investment.

Say Goodbye to the Annual Bonus

WorkHuman

The video below features a snippet of Globoforce CEO Eric Mosley’s keynote from WorkHuman 2017. 1% of Payroll: The Magic Number for Social Recognition Investment. Everyone in the world of HR is talking about the end of annual performance reviews. The chatter is focused on how to promote a coaching culture throughout the year to continuously improve employee performance. Few people, however, are offering a real solution to the compensation piece of the annual review.

How Four Companies Show Appreciation for Their Employees

Cornerstone On Demand

According to a SHRM/Globoforce report, companies that utilize strategic recognition are 48 percent more likely to see high employee engagement. Even companies that spend as little as 1 percent of payroll on recognition are 79 percent more likely to experience better financial results. Employees are the backbone of your company, and a little recognition goes a long way.

This Is How to Get Business Returns from Service Anniversaries

RecognizeThis!

As reported by El Mundo , the employee had been absent from his municipal job for six years while still on the payroll. Last year’s SHRM / Globoforce Employee Recognition Repor t found that only 22% of the HR leaders surveyed describe their anniversary programs as excellent. By Brenda Pohlman. Recognize This! — Does your service anniversary program suffer from low expectations? Set loftier goals as the first step in adopting a modern approach that delivers results.

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

Compensation Cafe

Globoforce’s Fall 2012 Workforce Mood Tracker showed that 61% of active job seekers are dissatisfied with the recognition they receive at work while 78% of employees who were recognized within the last six months report “I love my job.” And these disengaged, actively seeking a new job employees can be in that mental state of unproductivity for months or even years – while still on your payroll. Editor's Note: Why do employees leave?

Reality confronts traditional “Employee Recognition Myths”

Possible Works

The Reality: The Globoforce Spring 2014 Workforce Mood Tracker survey shows that 73% employees prefer recognition coming from senior managers and peers both, whereas only 27% employees are happy with inputs coming from managers alone. The Reality: The SHRM/Globoforce Employee Recognition Survey, 2012 reveals that when companies spend 1% or more of payroll on recognition, 85% see a positive impact on engagement. ENGAGE. RECOGNIZE. ALIGN. Edit BG Image.

Fixing Your Total Rewards Mix: Tom McMullen Q+A (Part 2)

WorkHuman

We did a joint study with Globoforce a couple of years ago on this topic. to 1.0%+ of payroll, where respondents felt the program had real impact. Get insights from Tom McMullen on finding the right mix of rewards for employees. Which reward programs provide the greatest impacts and ROI for employees? What role does peer recognition play in driving engagement?

Employee Recognition Myths

Possible Works

FACT : The Globoforce Spring 2014 Workforce Mood Tracker survey shows that 73% employees prefer recognition coming from senior managers and peers both, whereas only 27% employees are happy with inputs coming from managers alone. FACT : The SHRM Employee Recognition Survey, 2012 reveals that when companies spend 1% or more of payroll on recognition, 85% see a positive impact on engagement. ENGAGE. RECOGNIZE. ALIGN. Edit BG Image. Employee Recognition Myths.

3 Innovative Compensation Ideas Ready for Prime Time

Compensation Cafe

What if we put a portion of payroll into everyone’s hands to apportion to those they see doing great work in a system with oversight and governance? Even 1% of payroll invested into a peer-to-peer social recognition program in this way empowers all employees to essentially “pay” their colleagues for great work by recognizing them for it in small increments throughout the year.

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. Crowdsourced compensation is one of those terms that can send people running in the other direction, or at least just look at you with a smirk.

Celebrate Your Employees: Employee Recognition At Its Best

Get Hppy

Companies who spend at least 1% of their payroll budget to celebrate employees see employee engagement increase by 85%. Eric Mosley , CEO of the social recognition firm Globoforce, states: Recognition is something that comes naturally to employees — they want to recognize their peers for great work. Most of us can probably agree that we like to feel appreciated. We feel good when friends, family members, significant others, employers, or even strangers recognize our accomplishments.

Recognition & Inclusion

Unipos

SHRM/Globoforce Survey. SHRM/Globoforce survey results reported that. When companies spend 1% or more of payroll on recognition, 85% see a positive impact on engagement … [and] 46% of senior managers view recognition programs as an investment rather than an expense” SHRM/Globoforce Survey. As the worksphere experiences a cultural shift and diversity trends gain momentum, it’s important to remember that ever-changing corporate environments require nurturing.

To Make an Investment Work, Keep it Top of Mind

Compensation Cafe

In pure value, investments in recognition (typically around 1-2% of payroll) may also go further and wider than investments in other incentives or salary increases. I’m often fascinated by how quickly certain aspects of our work experiences can fade into the background. It only seems to get worse the busier we get, the faster our organizations change, and as more demands are placed on top of already limited resources. It can take a lot to keep something top of mind.

Where Have All the Raises Gone?

Compensation Cafe

The share of payroll budgets devoted to straight salary increases sank to a low of 1.8 percent of payrolls. As Globoforce’s Vice President of Client Strategy and Consulting, Derek Irvine is an internationally minded management professional with over 20 years of experience helping global companies set a higher ambition for global strategic employee recognition , leading workshops, strategy meetings and industry sessions around the world.

The Ultimate Guide To Employee Rewards and Recognition

Vantage Circle

Globoforce. SHRM recommends that HR departments spend at least 1% of payroll on rewards and recognition. In the last two decades, rewards and recognition have been the driving force behind global companies’ success in delivering a near-perfect employee experience.

Conference Twitter Primer #SHRM18

Advos

GregoryWStevens : I/O Research Consultant, @Globoforce. Our unified HR solution, UltiPro, manages, predicts, & solves your HCM, payroll needs. From payroll to talent management and analytics, we help businesses succeed. Paychex : Proud to provide payroll, HR, and benefit services to over 600,000 businesses. Our debut conference Twitter primer for #Unleash18 in Las Vegas was a hit (really, people told us so). So we did again for #EBrandCon.

The importance of employee recognition

Interact-Intranet

Another study states that spending 1% or more of payroll on recognition helped 85% of companies see improved engagement. According to the 2015 Globoforce Employee Recognition Survey , a values-based approach has measurable impact on business outcomes including engagement, retention, safety, wellness, employer brand and even cost control goals. Source: Globoforce. The importance of employee recognition is often overlooked – are you aware of the impact?

Using Performance Feedback to Calculate Pay?

Impraise

A joint study by SHRM and Globoforce found: “Peer-to-peer is 35.7% And dramatically, “When companies spend 1% or more of payroll on recognition, 85% see a positive impact on engagement.” To implement this, some companies are allocating budgets to each employee. Awarding higher pay and bonuses to top performers seems like the straightforward way to incentivize and retain great employees.

HR TechStack – Employee Engagement Software

WhoKnows

This moves beyond perks, benefits, and payroll. Globoforce. Globoforce gives you insight on your company culture and provides means for you to encourage and regulate proper behavior. WebHR facilitates all functions of the Human Resource Department that deals with recruitment, employees’ management, payroll, performance, training etc. The solution integrates talent acquisition data into HRMS, ERP, CRM and payroll. Employee Engagement Software Definition.

Saba 40

300+ Women Leaders in HR! These Women in HR Bring a Unique Blend of People & Strategic Skills.

CakeHR

Jennifer Reimert , VP, Solutions Consulting at Globoforce. Lori Winters , Founder/CEO, Thread (formerly Choice Payroll). Marnie Larson , CEO at StarGarden Corporation, an HCM, Payroll and Time and Attendance Software Solution provider. Pamela Webb , Global HCM & Payroll Strategist – Collaborating with Clients on Strategies to Support Its People Worldwide. Tatyana Odineca , Payroll and Benefits Administrator at Alzheimer Society of Ontario.