HRO Today Baker's Best 2016 - 22

TOP RECOGNITION PROVIDERS
Showing
Appreciation
Strategically
Rewards and incentives are proven to increase employee retention
and productivity. Here's how.
By Audrey Roth
In today's global market, engagement and retention
of employees is more important than ever. What are
organizations doing to help drive this? Leveraging
recognition and incentive programs. According to
Globoforce's Workforce Mood Tracker Report, 80 percent
of workers who have been appreciated intend to stay
with their companies, while 55 percent of employees
would leave their current position for a company that has
a formal recognition program. The impact of incentives
and rewards is obvious: The proof is in the numbers. But
what steps do global organizations need to take in order
to develop a well-constructed recognition program?
First, organizations need to consider motivating high
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BAKER'S BEST 2016 - www.hrotoday.com
performers. Don't take your top employees for granted
by not recognizing their efforts just because of their
frequency. According to Michael C. Fina's 5 Myths of
Employee Engagement, companies that invest in highperforming
recognition programs are 12 times more likely
to have strong business outcomes. " It's vital to celebrate
high performers successes publicly, and every day, " says
President and CEO of Achievers, Eric Lochner. " Clearly
(you want to) support the behaviors and values that you
want other employees to adopt. "
Take, for example, JetBlue. " About six or seven years ago,
our crewmembers started telling us that they wanted
to be recognized for more moments where they lived

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HRO Today Baker's Best 2016

Table of Contents for the Digital Edition of HRO Today Baker's Best 2016

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