Recognition

Recognition: Understanding the Financial Models

With Alex Alaminos, CEO, Madison

Recognition programs have become a gateway to employee productivity, loyalty, engagement and retention. In fact, according to Deloitte, organizations with employee recognition programs have 31 percent less voluntary turnover. As HR considers a first- or second-generation rewards programs, a main consideration for executives should be the financial structure. Here Alex Alaminos, CEO of Madison, explains the key differences between billing on issuance and billing on redemption and the considerations for approach depending on organizational goals.

Reaping the Rewards

Five trends to consider when designing a recognition program.

By Debbie Bolla

Today’s organizations invest heavily in recognition programs, according to a WorldatWork study which found that some spend as much as 10 percent of payroll on employee recognition. While the average investment is two percent of total payroll, organizations that are incentivizing their workforce do it with good reason. Their return on investment includes happy, loyal workers who are productive and more likely to stay -factors that are critical in today’s tight talent market.

Building Strategy Into Rewards

From identifying rising talent to reducing turnover, predictive analytics help make employee recognition programs more proactive.

By Jesse Harriott

HR leaders know it takes work to attract and maintain top talent. Locating, hiring, and retaining the best people for each open role calls for an ongoing give-and-take between employer and employee -and data is a must to master the inner workings of these dynamics. To engage quality talent and embark on the only long-term path to greater profits, organizations need to refine their talent strategy and the analytics that make it possible.

Appreciating Good Work

The APAC region is beginning to realise the value of employee recognition programmes.

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.

Recognition Programme

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.

Values-based recognition

2019 Baker’s Dozen Customer Satisfaction Ratings: Recognition

We rank the top providers based on customer satisfaction surveys.

By The Editors

A robust recognition program is a necessity to keep employees engaged in today’s competitive business world. View our ranking of the top employee recognition service providers and find the right partner for your organisation.

HRO Today Baker's Dozen

2019 Baker’s Dozen Customer Satisfaction Ratings: Recognition

We rank the top providers based on customer satisfaction surveys.

By The Editors

A robust recognition program is a necessity to keep employees engaged in today’s competitive business world. View our ranking of the top employee recognition service providers and find the right partner for your organization.

HRO Today Baker's Dozen