Articles tagged 'Rewards & recognition'

Rewards & Recognition

11 Non-Traditional Ways to Reward Innovative Employees

Illustration by istockphoto.com

Where end-of-year bonuses once stood as the gold standard, today’s reward programs are more varied and reflect an organization’s unique culture and creativity.

From peer-to-peer rewards to gamification and front-row parking spots, the reward space is evolving with the speed of an Internet meme. Your own incentive program plays a key role in driving innovative behavior, so it must serve your business goals while offering an array of aspirational carrots. Read more…

Rewards & Recognition

3 Reasons to Empower All Employees to Give Discretionary Rewards

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Ann Bares (editor of Compensation Café and contributor to TLNT), published a very good post here yesterday on discretionary rewards.

The article focused primarily on the unintended consequences of leaving these discretionary reward budgets solely in the hands of the manager – to which I say, “Hear, hear!”

Ann used a couple of illustrations to highlight the challenges of such programs, which boil down to: 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…

Culture, Talent Management

Finding Change Agents: It’s the Critical Part of Change Management

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Change. It’s inevitable. Chances are you’re in the middle of a change initiative of some kind in your organization at this very moment.

What’s your attitude towards change? Excitement? Concern? Avoidance? Trepidation?

All of those are valuable and I can guarantee all are felt to one degree or another by every person in your organization.

But change is necessary. We cannot always remain as we are and continue to grow, develop and mature. 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

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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…
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…