4 Ways to Improve Employee Recognition
Employee recognition goes back to service plaques and dinners. Today employee recognition is a more complicated process that is designed to fit the employee, rather than the employer. Here are four ways to improve employee recognition for your program.
3 Ways Employee Recognition Can Reduce Employee Turnover
A new report from SHRM and Globoforce shows that employee turnover has usurped employee recognition as employers’ number one personnel concern. The job market currently favors employees, with more openings than workers, so employers have to get creative to keep their people happy and in their jobs. The survey also revealed that 68% of employers who run a value-based employee recognition program saw an improvement in employee retention. Here are three specific ways employee recognition reduces employee turnover and maintains (or increases!) employee happiness and satisfaction.
What the Employee Happiness Survey Reveals
Employee Happiness Survey News Flash:
Employee rewards don’t always make employees happy.
Want to know the number one reason? Because their jobs aren’t their whole life. If their friends, family, and health aren’t intact, chances are no reward or recognition at work is going to turn it around for them. Ensuring that employee rewards are timed correctly to fit an employee’s circumstances is key. According to the latest Employee Happiness Survey from Blackhawk Engagement Solutions, work ranks 8th among the 12 factors that make up employee happiness…not 1st, 2nd, or even 3rd, but 8th…almost the bottom third of employee priorities. So before you reward an employee and think it is going to impact their whole demeanor, make sure you set internal expectations appropriately.
Create Employee Loyalty: What Do They Want?
It's often a conundrum for most employers to create employee loyalty within their company. Figuring out how to motivate employees, keep them happy and prevent them for looking for other employment is a major concern, especially given the diverse interest and priorities between Baby Boomers and Millennials. Where do you start? What would the budget look like, if there even is one? Maybe this will help. Towergate Insurance performed a recent study and created an infographic to try to answer the question,
Employee Recognition Programs Reflect Company Values
Last year at this time employers were stressed out about employee engagement. Now the focus is on employee retention and turnover.