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Building A World Class Culture of Recognition Razor Suleman   CEO, I Love Rewards
 
<ul><ul><li>“ Set individual expectations and reward employees for outstanding work. The folks who call themselves 3Mers t...
Maslow’s Hierarchy of Needs SELF ACTUALIZATION SELF ESTEEM BELONGING PHYSIOLOGICAL SAFETY SALARY & REWARDS CULTURE RECOGNI...
Performance Success Cycle  TM Results Recognize Reward Redeem Receive
On-the-Spot Awards Peer-to-Peer Recognition Cards E-Cards PointsCards SMS Texts Certificates
Rhythm Recognition  “ What gets recognized gets repeated” John E. Jones, Professor Organizational Behaviour
 
Be Specific
PIC/NIC
“ 56 percent of the people interviewed found their jobs through employee referrals.”  Source:  Malcolm Gladwell survey
Recruit, Retain and Inspire the Next Generation
Canadian Birth Rate 1965-2005
Disposable Income Per Capita in Canada  1965-2005
Trophy Generation
 
Recognition in a Recession
<ul><li>“ IF THE CHANGE INSIDE YOUR ORGANIZATION IS SLOWER THAN THE CHANGE OUTSIDE YOUR COMPANY THE END IS IN SIGHT.” </li...
 
<ul><li>Returns from 2001 to 2006 </li></ul><ul><li>Good to Great - 150% return  </li></ul><ul><li>S&P 500 – 250% return <...
Incent Saving Money “ A penny saved is ten cents earned” Source:  Razor’s Mom
Results based Recognition
What  Not  to Do
Thank You! Razor Suleman Founder and CEO, I Love Rewards [email_address] Razor Suleman   CEO, I Love Rewards
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Building A World Class Culture Of Recognition

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Best practices on building a world class culture of recognition by Razor Suleman, CEO, I Love Rewards. Special focus on rewards and recognition in a recession and engaging Generation Y. This presentation was given January 30, 2009 at the HRPA Conference in Toronto.

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Transcript of "Building A World Class Culture Of Recognition"

  1. 1. Building A World Class Culture of Recognition Razor Suleman CEO, I Love Rewards
  2. 3. <ul><ul><li>“ Set individual expectations and reward employees for outstanding work. The folks who call themselves 3Mers take pride in discoveries that lead to real-world products.” </li></ul></ul><ul><ul><li>Source: Larry Wendling, VP of 3M's corporate research </li></ul></ul>
  3. 4. Maslow’s Hierarchy of Needs SELF ACTUALIZATION SELF ESTEEM BELONGING PHYSIOLOGICAL SAFETY SALARY & REWARDS CULTURE RECOGNITION RESULTS JOB SECURITY
  4. 5. Performance Success Cycle TM Results Recognize Reward Redeem Receive
  5. 6. On-the-Spot Awards Peer-to-Peer Recognition Cards E-Cards PointsCards SMS Texts Certificates
  6. 7. Rhythm Recognition “ What gets recognized gets repeated” John E. Jones, Professor Organizational Behaviour
  7. 9. Be Specific
  8. 10. PIC/NIC
  9. 11. “ 56 percent of the people interviewed found their jobs through employee referrals.” Source: Malcolm Gladwell survey
  10. 12. Recruit, Retain and Inspire the Next Generation
  11. 13. Canadian Birth Rate 1965-2005
  12. 14. Disposable Income Per Capita in Canada 1965-2005
  13. 15. Trophy Generation
  14. 17. Recognition in a Recession
  15. 18. <ul><li>“ IF THE CHANGE INSIDE YOUR ORGANIZATION IS SLOWER THAN THE CHANGE OUTSIDE YOUR COMPANY THE END IS IN SIGHT.” </li></ul><ul><li>- Jack Welch </li></ul>
  16. 20. <ul><li>Returns from 2001 to 2006 </li></ul><ul><li>Good to Great - 150% return </li></ul><ul><li>S&P 500 – 250% return </li></ul><ul><li>Best Companies to Work For 600% </li></ul><ul><li>Source: Gurnek Bains, Meaning Inc. </li></ul>
  17. 21. Incent Saving Money “ A penny saved is ten cents earned” Source: Razor’s Mom
  18. 22. Results based Recognition
  19. 23. What Not to Do
  20. 24. Thank You! Razor Suleman Founder and CEO, I Love Rewards [email_address] Razor Suleman CEO, I Love Rewards
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