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The Latest Incentive Industry Resources & News

Culture Creation – 2017

Driving Employee Engagement Through Recognition
Thursday, December 22, 2016




What will you be thinking about as the year draws quickly to a close and our thoughts turn to planning for 2017?

We predict that one of the most significant themes across Corporate America will be the challenge of Human Capital optimization. More specifically, how do Companies engage employee populations?

As we can clearly see in current data, corporate America will be fighting an intensifying battle to attract and retain talent. The cost of talent acquisition and waste from turnover are reaching unprecedented levels. This will only intensify through 2017 and 2018, as employees continues to demonstrate a desire for greater meaning from their jobs and recognition from their performance.

While competitive pay and benefits are required to attract talent, it is a company's Culture that impacts whether employees remain loyal and give their best.

For more on this, please read our recent white paper, Culture Creation – Driving Employee Engagement Through Recognition, as a short [and fun!] read over your holiday break. It serves as a reminder of how important Culture is to every company. It also provides a clear strategy for HR to take command and control of the development of Culture at your organization.

Read the White Paper

All the Best in the Holidays. Wishing you a Healthy, Happy and Successful year ahead.

What Millennials Want

Thursday, December 15, 2016

Published by: Online Rewards Employee Recognition

Do we really need a new workplace model that caters to Millennials? A recent article in Fortune magazine says “yes.” Millennials look for a corporate culture of appreciation and social value.

The reality is that Baby Boomers and Gen X also crave recognition, but Millennials are demanding it -- and they’ll go elsewhere if they don’t get it.

For a long time, we’ve known that Cash is NOT King in the world of corporate rewards and recognition: studies continually prove that employees perform at higher levels for tangible rewards. Yet many organizations continue to offer recognition programs that reward employees for just showing up, such as attendance programs and years-of-service rewards. And when they use cash as the reward vehicle, it’s easily confused with compensation.

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A note of caution: don’t try this at home! We also know that all incentive, reward and recognition programs are not created equal: the program design matters. Partnering with an experienced rewards and recognition program provider will ensure that your incentive programs are properly designed to meet your objectives, improve performance, and you won’t experience any unintended consequences.

Engaged employees are more productive employees; incentive, reward and recognition programs are proven to increase employee engagement. The reward selection is important, and the way in which the reward is presented is almost as important. A global incentive provider that offers a customized selection of online rewards can provide guidance.

If your organization is still providing plaques and pins as a reward for attendance or length of service, you may want to re-think your strategy. Contact a progressive incentive, reward and recognition provider to design an effective program that will attract, engage, and retain your workforce -- Millennials and all!

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