Recognition Provider Directory 2020 - 21

Employee Recognition
Recognition Driving Business Results
An effective recognition program can improve retention
while reinforcing key organizational values.
By Marta Chmielowicz
As the war for
talent continues,
employers are
increasingly
adopting
human-centered
approaches to
drive business
results and bring
more humanity
to employees'
experience at work. According to the 2018 SHRM and
Globoforce Employee Recognition Report, retention
and culture management are two of the top challenges
of today's businesses-and a values-based recognition
program can help.
In fact, 80 percent of survey respondents say their
organizations have an employee recognition program,
and the majority say that this program helps with:
* organizational culture (85 percent);
* employee engagement (89 percent);
* employee relationships (86 percent); and
* organizational values (83 percent).
And values-based recognition has an even greater
business impact; recognition programs tied to values are
1.5 times more likely to be rated " good, " and programs
not tied to values are six times more likely to be rated
" poor. " HR leaders have begun to realize this impact,
choosing to design their recognition programs with
values in mind in order to:
* empower employees to recognize and feel recognized
across the organization (88 percent);
* create a positive employer brand (64 percent);
* reinforce and drive business goals (57 percent); and
* make recognition easier for employees (49 percent).
See more at: https://www.hrotoday.com/news/engagedworkforce/performance-management-rewards/
recognition-driving-business-results/
Appreciating
Good Work
The APAC region is beginning to realize the value of
employee recognition programs.
By Michael Switow
" Catch
people doing
things right, "
advises Tom
Mehrmann,
the president
and general
manager of
Universal
Studios Beijing,
in " Taming the Mouse, " a business leadership book that
he published this year. " For too many bosses, criticism is
easy whilst praise is scant, " he writes.
Mehrmann makes a point to send personalized,
handwritten thank you notes to employees who do good
work. Each letter specifically acknowledges what the
employee has done right, often quoting customers who
have submitted positive feedback.
During the 12 years that he headed a marine theme
park in Hong Kong prior to taking on his current role,
Mehrmann estimates that he wrote nearly 15,000
such letters. They were well received; employees even
laminated them.
" People are the core of any business and how you treat
them speaks volumes about you and your corporate
values, " Mehrmann reflects. For the moment, the
California native's pace of writing acknowledgements
has slowed as his team paves the ground for the first
Universal Studios theme park in China. He plans to get
back into the habit when the resort opens in 2021, but
in the meantime, still acknowledges the " extraordinary
efforts " that contribute to its development.
See more at: https://www.hrotoday.com/news/engagedworkforce/performance-management-rewards/
appreciating-good-work/
www.hrotoday.com
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Provider Directory-2020-v4.indd 21
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Recognition Provider Directory 2020

Table of Contents for the Digital Edition of Recognition Provider Directory 2020

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Recognition Provider Directory 2020 - 2
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