HRO Today June 2015 - 32

Employee Recognition
Showing
Appreciation Strategically
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 wellconstructed
recognition program?
[32]
HRO TODAY MAGAZINE
|
JUNE 2015
First, organizations need to consider motivating high
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

HRO Today June 2015

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