Rewards & Recognition

Rewards & Recognition, Talent Management

Why Your Employees Are Leaving (and How You Can Win Them Back)

Iquit

Employee turnover is a fact of life. And as it turns out, not even the most in-demand employers are immune.

Earlier this year, rumors were circulating that “tons of engineers” were ready to leave Google after employees received underwhelming year-end bonuses, and Elon Musk recently claimed that Apple was offering his employees a $250,000 signing bonus to leave Tesla.

Turnover is costly to any enterprise, but especially to high-profile companies like Google and Tesla. Not only do you lose valuable team members, but also an employee who quits can cost up to 150 percent of his or her salary to replace. Read more…

Rewards & Recognition, Talent Management

Creating an Attitude of Gratitude in Your Organization Every Day

employee_appreciation_day

No matter what role an employee plays within your organization – answering the phones, closing sales deals or managing a large team – there is one characteristic that they all have in common: the need to be recognized and appreciated for their work.

Many say that appreciation is just as important as other critical factors like compensation and career development. In fact, for the Millennial generation, feeling appreciated is an absolute must-have to remain engaged.

Regardless of which generation they fall into, employees want to know that you are grateful for their contributions. What’s more, beyond simply making everyone feel good, ensuring your employees feel valued has tremendous benefits for your company’s bottom line. Read more…

Rewards & Recognition

What Legacy Will YOU Leave With Your Organization?

legacy

Someday, you will leave your current organization.

You may retire. You may move. You may choose to continue your career elsewhere.

Regardless of the reason you leave, your time in your current organization will be remembered by others. How will they remember you?

Read more…

Rewards & Recognition, Talent Management

When It Comes to Recognition, Companies Stick With the Tried and True

© iQoncept - Fotolia

Recognition programs are vital tools in an organization’s total rewards strategy, but beyond the knowledge that “recognizing employees is a good thing to do” we can look to data that back up recognition programs as an important part of an organization’s culture.

WorldatWork and ITA Group’s Trends in Employee Recognition 2013 is a good example of a data-driven look into why recognition programs are important.

Their report summarizes the results of a survey sent globally to 5,520 WorldatWork members, which aimed specifically to measure specific types of recognition programs and the impact on the workforce. Respondents were randomly selected members who had designated responsibilities at the executive, top or senior level and members that specified total rewards as their specific function area. Read more…

Rewards & Recognition, Talent Management

“Good Job” – Are These the 2 Most Harmful Words in the English Language?

whiplash

If you were among the millions of movie fans around the world who tuned in to the Academy Awards on Sunday, you may know that the title of this post refers to a line from one of the films nominated for Best Picture.

Whiplash involves a relentlessly cruel bandleader who takes extreme measures to encourage (or crush perhaps – it was hard to tell – therein lies the brilliance of the film) the hopes of a young student musician aspiring to become one of the jazz greats.

The movie poses lots of questions about how far people will go to achieve their dreams, and the motivations of others who support those dreams. Read more…

Rewards & Recognition, Talent Management

Are You Distracted and Missing Amazing Work Going on Around You?

amazing people

Here’s a photo that encapsulates the world we live in today. (See below; email subscribers, click through.)

Eric Smith, the photographer who captured this image, said about the experience:

The whales were breaching off Redondo (Beach) and this small sailboat maneuvered into the spot where the spout occurred. I was roughly 50 feet from the whale and her calf when they surfaced next to the sailboat. The guy never looked up from his phone throughout the entire breach. Two women at the front of the boat were taking pictures but he didn’t notice.” Read more…

Rewards & Recognition, Talent Management

Hiring Wisdom: How to Know What is Truly Important to Employees

123RF Stock Photo

Whether we’re talking customers or employees, your key to success with both is to know exactly what it is they want.

Dollars to donuts, the things that are important to you aren’t on their lists. Here is a case in point…

We vacationed in Cancun over the Christmas holidays and our room was not “as advertised.” When my wife pointed this out to management, their response was to give her a credit for a free massage. Problem is, Roberta doesn’t like massages! Read more…

Rewards & Recognition

Peer Relationships Are Critical to Real Workplace Recognition

PHoto by istockphoto.com

Work-life balance is a myth.

I could say that in today’s hyper-connected world, work comes home with us far more easily than it did 20 or even 10 years ago. And that would be true.

But it’s no less true that our “life” also comes to work with us. Worries about our sick children, concern over a fight with a spouse the night before, fear over making ends meet on a tight budget – all can color how we approach our work and how we treat our colleagues. Read more…

Rewards & Recognition, Talent Management

A Recognition Basic: Sometimes, It’s Just About Noticing Colleagues Efforts

Photo by istockphoto.com

Above and beyond – that’s a common theme for what types of employee contributions should be recognized.

And it’s a good theme. This is so important to some of our clients that they’ve even branded their recognition programs “Above and Beyond.”

But what about “completely different?” Or “entirely outside of the job description?” Sometimes we recognize and reward these individuals, but all too often we punish them instead, forcing them back into the box and encouraging them to “just get the job done.” Read more…

Rewards & Recognition, Talent Management

Are You Ready For “The Year of the Retention Challenge?”

Illustration by Dreamstime

I love my job. Every day, I get to help people find ways to make their work environments and culture more appreciative, grateful and purpose-driven.

That’s powerful stuff. Arriving at such an important end goal, however, requires involving all employees in the effort. After all, every employee contributes to the culture of the company (whether good or bad).

The ramifications of this are quite broad. Many are calling 2015 the year of the retention challenge, with good reason. Read more…