Rewards & Recognition

Compensation, Rewards & Recognition

The Problem When Managers Get Too Fond of Discretionary Rewards

© Dawn Hudson - Fotolia.com

Ah, management discretion.

Leaders often have a great fondness for discretionary rewards, particularly in bonus and incentive plans.

And why not? Discretionary rewards keep all the power and control with them. Wild card in hand, they are free until the moment the reward decision is made to do whatever feels right, based on their personal judgment call. Read more…

Compensation, Rewards & Recognition

Retention and Reward: Struggling With the Consequences

Illustration by Dreamstime

Employee retention is a double-edged sword.

According to Merriam Webster, in addition to being a sword with two sharp edges, this is defined as something that can have both favorable and unfavorable consequences.

That’s about right. Read more…

Rewards & Recognition

Workplace Appreciation Can Be Pretty Simple — and Effective

Photo by istockphoto.com

 Do you think telling someone they’re doing great work on the job will fall on deaf ears? Research says differently.

In an economy where money is still tight, positive feedback can help keep employees motivated. In fact, according to a survey by Kelton Research nearly 50 percent of working Americans say they would rather be appreciated than have an opportunity to advance in their careers.

The study also found, with escalating workplace demands, employees aren’t feeling valued by executives and superiors. Read more…

Compensation, Rewards & Recognition

World Cup Success Means a Big Payout, But Does It Motivate Anyone?

Worldcup1

Germany defeated Argentina to win the coveted FIFA Trophy last weekend, and one of the most tumultuous World Cups in recent history finally came to a close.

According to analysts it was also the most expensive World Cup in history, with the largest purse ever offered to the finalists, totaling over $350 million.

All 16 semifinalist countries will walk away with a cash prize — the Germans will return home $35 million richer, and the Argentinians will face the sting of defeat on a bed of $24 million. Even Brazil, who lost to the Germans in record-breaking fashion in the quarterfinals, will take home $18 million for fourth place. Read more…

HR Management, Rewards & Recognition

The Problem With Reward Structures That Discourage Collaboration

© endostock - Fotolia.com

Second of two parts

Did you miss Part 1? See How Short-Term Financial Decisions Can Destroy Workforce Productivity

One of the classic articles about workforce managements is entitled, On the folly of rewarding A, while hoping for B.

The author provides multiple examples illustrating how leaders often communicate one thing to employees while rewarding entirely different behaviors.

This article was published almost 40 years ago, but its message is just as relevant today. The negative corporate behaviors associated with inter-departmental conflict, administrative bureaucracy, and short-term thinking can be traced directly back to the financial structures used to reward employees. Read more…

Rewards & Recognition, Talent Management

It’s About Little Things: Amy Adams Shows the Power of Small Gestures

Amy Adams1

Oscar-nominated actress and America’s sweetheart Amy Adams scored some good karma points last week when she traded her first-class seat with an American soldier who was flying coach on a flight from Detroit to Los Angeles.

Adams, whose father was in the military, noticed the man in uniform at her gate and privately asked the airline staff to switch seats with him according to Jemele Hill, the ESPN2 anchor who tweeted about the incident from the airport.

Adams has only made one public comment since the incident, when she told an Inside Edition reporter, “I didn’t do it for attention for myself; I did it for attention for the troops,” completing the one-two combo of kindness and humility for the media KO. Read more…

Rewards & Recognition, Talent Management

Hiring Wisdom: 10 Ways to Motivate Your Team (and Have Fun, Too)

From istockphoto.com

These are some of the best low (or no) cost ways to encourage peak performance from your workforce:

  1. Don’t forget birthdays and employment anniversaries. (Sheet cakes are cheap.)
  2. Give them business cards.
  3. Give them a new job title. Read more…
HR Insights, Rewards & Recognition

Casey Kasem’s Message: You’re Only as Good as the Person Next to You

Casey Kasem

Before online services and iPods became our preferred methods of listening to music, radio was king, and Casey Kasem’s American Top 40 countdown show was the nation’s official playlist.

Kasem not only presented the weekly Top 40 hits, he engaged the listener with trivia, anecdotes, long-distance dedications, and a sincere passion for the art form that has set the standard for every disc jockey that came after him. He recently passed away at age 82, and there has been an outpouring of kind words from those who were inspired by him.

Casey Kasem’s final sign-off from his last broadcast in 2009 has been widely publicized since his death, serving as a nice goodbye to the man with the golden voice: Read more…

Rewards & Recognition, Talent Management

Want Feedback to Really Work? Start Giving It a Lot More Frequently

123RF Stock Photo

Last year, Globoforce CEO Eric Mosley launched his book Crowdsourced Performance Review. The primary thrust of the book is the annual performance review is broken, but it does serve a valuable purpose.

The opportunity lies in fixing the broken elements, which are largely centered around feedback coming from one person given on a very infrequent basis. The fix is adding informal frequent, timely, detailed positive recognition feedback from peers, colleagues and managers – “the crowd” – to the formal, annual performance appraisal process.

Because of this approach, I’m often asked, “So, do you collect constructive feedback as part of the employee recognition program, too?” Read more…

Rewards & Recognition

Lessons From the Subway: Shaking Up Work Routines With Recognition

123RF Stock Photo

How much of your job has become routine? You know the value of doing it, but it’s almost fallen into habit. But you can’t stop doing it either; it’s part of your job.

If this routine element of your job cannot eliminated or revised for legitimate reasons, what could shake up that routine? What could help reinvigorate you in the process?

Why am I asking all of these questions? Read more…