Rewards & Recognition

Global HR, Rewards & Recognition

Work Friendships: They Improve Productivity and Job Satisfaction

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Following on my post yesterday (What Do Workers Everywhere Want Most? To Be Valued and Appreciated) about global employee research showing that “appreciation for my work” is the most important job aspect for employees, I wanted to share the findings of the Globoforce 2014 UK and Ireland Workforce Mood Tracker survey.

The findings are consistent with what we see in the U.S., with employees highly valuing relationships at work but feeling unsupported by the organization in building those relationships more deeply.

This year’s survey shows that organizations would benefit greatly from celebrating their employees’ dedication to the company, as well as the strong bonds people form while at work. Read more…

Global HR, Rewards & Recognition

What Do Workers Everywhere Want Most? To Be Valued and Appreciated

123RF Stock Photo

They are different in [insert country other than your own.] They want different things than we do.”

How true do you believe that statement to be? Do you wonder if anyone’s recently tried to quantify those perceived differences or, better yet, find the commonalities?

This Fall, the Boston Consulting Group (BCG) and The Network did just that in their Decoding Global Talent report, which aggregated 200,000 survey responses on global mobility and employment preferences from employees in 189 countries. The survey primarily looked at what would make employees willing to work abroad, regardless of home country.

But one particular finding struck me as most enlightening – regardless of desire to relocate, all respondents “are putting more emphasis on intrinsic rewards and less on compensation.” Read more…

Culture, Rewards & Recognition

Even in Tough Times, Employees Deserve a Show of Appreciation

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Last Summer, I followed the Market Basket grocery store saga religiously. I was captivated by the story of non-unionized employees willing to risk their livelihood to keep their CEO. (Here are posts about the walkout and the outcome.)

After a six-week employee walkout and customer boycott, it’s fairly safe assumption the company took a pretty big financial hit. Employees were rightly concerned that years-long traditions around holiday bonuses might not materialize.

Then news broke last week that all associates would indeed receive their deserved bonuses. Read more…

HR Insights, Rewards & Recognition

Hiring Wisdom: Workplace Recognition = Better Employee Retention

From istockphoto.com

As I’ve written here before, all of us are trained from childhood to be recognition-addicts (and we still are because we’re really those same little kids just in grown up bodies now).

That’s why recognition is such a powerful employee retention technique.

Using all of these types of recognition, both formally (in meetings) and informally (passing in the hall) will keep your best people motivated and on-board: Read more…

Rewards & Recognition

What Have You Done to Show Your Employees How Much You Care?

123RF Stock Photo

You’re running late to work.

Maybe you’re going a tad bit too fast. You look up and — oh, no! — you see the flashing lights in your rear-view mirror.

What goes through your mind at this moment? Does your stomach jump into your throat? Do you think, “Not now. I don’t have the time! I’m already late.” Or perhaps, “Not this time of year. The budget’s already tight for Christmas presents. I can’t pay a speeding ticket, too!Read more…

Compensation, Rewards & Recognition

Believe It or Not, Promotions Are Also Viewed as Workplace Rewards

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Promotions are a form of reward, even though they don’t always jingle like direct cash.

A jump in title status alone is sometimes enough to be strong motivation for greater employee engagement. Psychic income, whether intrinsic or extrinsic in origin, should count as compensation, anyway, since it is part of the employee value proposition.

Movement into a higher pay classification generally means more aggressive raises, too. And when a promotional increase accompanies hierarchical advancement, the positive consequences are even greater. There are also situations when promotions are used as rewards in place of any formal pay for performance program. Read more…

Rewards & Recognition, Talent Management

3 Surefire Ways to Disengage Your Employees This Holiday Season

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For each of the past 20 years, my wife and I have watched National Lampoon’s Christmas Vacation while putting up our Christmas Tree.

Why we still laugh uncontrollably at the same bits we’ve seen so many times is something our kids may never fully understand, but I digress.

This classic movie’s plot centers around the plans Clark Griswold (Chevy Chase) has for surprising his family at Christmas by having an elaborate swimming pool built in their backyard the following spring. Although the packaging company he works for is not obligated to pay out a Christmas bonus, Clark has always received one in each of his past 17 years working there. Read more…

Rewards & Recognition

The Platinum Rule of Recognition: It’s All About Them – Not You!

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The Golden Rule – “Do unto others as you would have them do unto you” – is a good philosophical approach to life.

But it doesn’t fully apply to employee recognition.

Too often, when we think about appreciating and recognizing others for contributions, work well done, or results, we think about how wewould want to be recognized. But that ignores the needs and desires of the person we are trying to honor.

And isn’t that really the point of recognition? To make the recipient feel valued, noticed and appreciated, and not to toot our own horn? Read more…

Rewards & Recognition

What’s a Lapel Pin? A Recognition Award That Millennials Just Don’t Get

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I had coffee with a group of friends last Sunday morning. One friend is a 25-year-old who works at one of the well-known Silicon Valley high tech companies.

We were all talking about our lives — kids, jobs, dogs — and I brought up the fact that I had been in Las Vegas recently for business.

I told them that a colleague and I had been there working with a company on their Service Awards program. Prior to our meeting, we walked through the facility asking workers how they felt about the company’s service anniversary awards program and what rewards they had received recently. Read more…

Rewards & Recognition, Talent Management

Engagement Matters, But It Is REALLY Critical in Health Care

Health care communications

Employee engagement is critical to customer satisfaction.

This has been proven by study after study. And engagement is critical in any industry from retail to manufacturing to high-tech to pharmaceuticals.

But personally, if I had to pick an industry in which I’d want employee engagement to be particularly high due to its impact on me as a customer, that industry would be health care. Read more…