Articles tagged 'Rewards & recognition'

Rewards & Recognition

The Power of Thanks Is in Us All, If We’re Willing to Share It

123RF Stock Photo

I benefit from my job in the same ways most people do. I earn a paycheck that pays for a roof over my head and food in my belly.

But because my company is focused on creating cultures of recognition and appreciation through the Power of Thanks, I also benefit from both being encouraged to share my gratitude for my peers and their work in a direct and meaningful way as well as receiving similar recognition myself.

And then there’s a third benefit of the work I get to do. Read more…

HR Technology, Sponsored Post

Simple Acts Can Have a Huge Impact — Especially in the Workplace

© leekris - Fotolia

Have you heard of Edward Lorenz? If you don’t recognize his name, you probably have heard of his catch-phrase that described his work in the lab, which was translated to popular culture.

His concept: Small events can have large, widespread consequences.

Lorenz’s research suggests that a massive storm might have its roots in the faraway flapping of a tiny butterfly’s wings. That tiny alteration utterly transformed his long-term forecast, a point Lorenz amplified in his 1972 paper, Predictability: Does the Flap of a Butterfly’s Wings in Brazil Set Off a Tornado in Texas? Read more…

Compensation, Rewards & Recognition

Can You Make a Case For “Unfair” Pay in Your Organization?

123RF Stock Photo

Laszlo Bock, Senior VP of People Operations at Google, has a new book titled Work Rules! hitting the market this month.

As to be expected, there’s been a good deal of news coverage, excerpts and blogs about it, including this one in Fortune with Mr. Bock’s 10 Things to Transform Your Team and Your Workplace.

Today, I’d like to call your attention to two of these. Read more…

Rewards & Recognition, Talent Management

Hiring Wisdom: How to Give Great Performers What They Want

123RF Stock Photo

When it comes to benefits and perks, what is it that everyone really wants in today’s world?

Time! More time.

How can you give this gift to your extraordinary performers? Here are two ideas: Read more…

HR Insights, Talent Management

Yes, Money Can Buy Happiness, but Employee Pride Is Not for Sale

proud

Imagine that you are walking alone across a vacant parking lot on a breezy day, when out of the corner of your eye you notice a crumpled-up bill blowing at your feet.

You immediately step on it to keep it from escaping, and then reach down to discover that it’s a $100 bill. No one is within 500 yards of you, and the wind is swirling leaves and other bits of paper around as far as you can see. You couldn’t find the rightful owner if your life depended on it.

The bill is yours to keep. Read more…

Compensation, Rewards & Recognition

A Paycheck Is Not Enough Recognition for a Job Well Done

From istockphoto.com

One statement sure to raise my ire when discussing the Power of Thanks in the workplace is: “They get paid to do their job. That’s recognition enough.”

It’s a patently false statement. Pay and recognition serve very different needs, but they are in a symbiotic relationship when it comes to fulfilling those employee needs.

All the recognition in the world won’t help resolve an underpaid employee’s base needs in terms of Maslow’s Hierarchy. And pay raises, consistently and appropriately given, won’t meet the higher-order employee needs, either. Read more…

Recruiting and Staffing, Rewards & Recognition

Employee Retention: It’s Really a Workplace “Stickiness” Problem

© auremar - Fotolia

“People just don’t stick around like they used to.”

How often have you heard that phrase in terms of employee retention goals, usually coupled with statements about “there’s just no loyalty anymore.”

History shows that’s just not true. For the last 25 years, tenure has been consistently low across nearly all age ranges. And the youngest generation in the workplace tends to stay the shortest amount of time (which is not surprising considering where they are in their careers).

More recent data published in The Wall Street Journal shows average tenure across occupations doesn’t even reach five (5) years. Read more…

Culture, Talent Management

Here’s Why Peer Relationships Are Everything In The Workplace

Photo by istockphoto.com

Employees with more friends at work are more engaged, according to the Fall 2014 MoodTracker Report released by Globoforce.

Only 28 percent of employees who reported having no friends at work were engaged, while 69 percent who reported having at least 25 friends were highly engaged.

The implications are clear: We need more friends at work. Read more…

Rewards & Recognition, Talent Management

What’s More Important to Employees? Base Pay or Recognition?

From istockphoto.com

What’s more to employees important: Base pay, or being appreciated for their work?

A recent survey released by Boston Consulting Group polled more than 200,000 employees around the world to create a definitive list of the 10 top factors for on-the-job happiness.

What employees really value

They found that employees value the following (in order of importance): Read more…

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…