Fortune 100 Employee Engagement Ideas Plus Alternatives

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We’ve learned from the Fortune 100 Best Companies to Work For List that investments in attracting—and keeping—the best people can come in all shapes and sizes (read: price tags). Not everyone makes nearly $40 billion in yearly revenue to afford three wellness centers for employees, like Google. But, all companies can implement the no-cost recognition strategy like NetApp, whose employees reward one another with phone calls when they catch them “doing something right.”

We won’t repeat the entire list for you, but as happiness-at-work specialists, we will highlight our favorites and explain why. We’ve also taken the data a step further by summarizing key employee engagement categories with 30 alternative ways to recognize, reward and engage employees.

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Fortune 100 Employee Engagement Ideas Plus Alternatives

  1. 1. Fortune 100 Engagement Ideas Plus 30 Alternatives Does  your  company  offer  an  onsite  chef?  World  class  fitness  facility?  An  organic  garden   that  provides  healthy  ingredients  for  several  cafeterias?  Or,  what  about  an  extra   $1,000,000  to  go  towards  an  employee  passion  project?         No,  you  say?  We  get  it.  Most  companies  don’t  have  the  budget  or  the  resources  to  offer   their  employees  some  of  the  amazing  rewards,  incenTves,  and  benefits  offered  by   Fortune  100  companies.  But,  there  are  plenty  of  ways  you  can  show  appreciaTon,   engage,  and  build  an  amazing  culture  that  people  are  excited  to  join  (and  stay!)     We’ve  dived  deep  in  the  Fortune  100  Best  Companies  to  Work  For  list  to  assess  what   they  are  doing  to  engage  their  employees.  We  then  created  a  list  of  viable  alternaTves   that  you  can  begin  implemenTng  immediately.       ©  Copyright  2013  YouEarnedIt.  All  rights  reserved.  www.YouEarnedIt.com    TwiAer:  @YouEarnedIt     1  
  2. 2. Paid Experiences The  most  popular  on  the  list,  companies  spend  x  amount  of  dollars  on  specific  trips  for   employees,  like  fishing,  ice  skaTng,  or  yoga  classes.  DPR  Construc-on  allows   employees  and  their  families  to  spend  a  three-­‐day  weekend  in  two  cabins  on  Lake   Tahoe,  owned  by  the  CEO.  Paid  experiences  can  be  more  memorable  for  an  employee   than  cash  rewards.  It  offers  a  fun  opportunity  for  employees  and  their  families  to  try   something  new.  Experiences  like  this  can  create  deep  connecTons  and  feelings  of   graTtude  towards  a  company,  which  is  great  for  engagement  and  retenTon  of  your   best  people.  Edward  Jones  gathers  all  their  regional  offices  together  in  one  place  for   team  events  like  ice  skaTng  and  fishing  tournaments.   See  next  page  for  alterna-ves!     ©  Copyright  2013  YouEarnedIt.  All  rights  reserved.  www.YouEarnedIt.com    TwiAer:  @YouEarnedIt     2  
  3. 3. Paid Experiences Fortune 100 Examples: DPR  Construc-on:  3-­‐day  weekend  at  boss’  Lake  Tahoe  cabins   Edward  Jones:  Regional  team  gatherings  in  one  locaTon  for  team  events       Our Assessment:   Offering  employees  paid  experiences  is  a  great  way  to  show  them  you  appreciate  their  hard  work  and   value  Tme  together  as  a  team.  The  cost  can  get  high,  and  some  businesses  can’t  pull  experiences  off  to   this  degree. Alternative Ideas: •  •  •  •  •  •  1/2  day  team  event:  Laser  tag,  minor  league  baseball  game,  family  day  at  the  zoo,  canoe/kayaking  day     Offer  1-­‐day  off  passes  for  personal  mini-­‐adventure     Offer  1-­‐day  off  passes  to  volunteer  in  the  community   Happy  hour  in  honor  of  individual  or  team     Parking  lot  BBQ  for  team     Team  night  ouTng  for  Trivia,  Karaoke,  Bingo,  or  movie  night!   =  currently  available  in  the  YouEarnedIt  reward  catalog   ©  Copyright  2013  YouEarnedIt.  All  rights  reserved.  www.YouEarnedIt.com    TwiAer:  @YouEarnedIt     3  
  4. 4. Employee Wellness SAS  has  its  own  organic  farm  that  feeds  its  employees  in  their  four  cafeterias.  This  perk   alone  could  cause  someone  to  shie  from  one  company  to  another,  just  for  its   sensiTvity  to  sustainability.  In  this  way,  employees  can  feel  nourished  in  both  body  and   mind,  knowing  they  work  for  a  company  that  shares  the  same  values.  Google  provides   three  wellness  centers  and  a  7-­‐acre  sports  complex  to  its  employees.     See  next  page  for  alterna-ves!     ©  Copyright  2013  YouEarnedIt.  All  rights  reserved.  www.YouEarnedIt.com    TwiAer:  @YouEarnedIt     4  
  5. 5. Employee Wellness Fortune 100 Examples: SAS:  Sustainable  organic  farm  for  employee  cafeterias     Google:  World  class  sports  complex  and  three  wellness  centers     Our Assessment:   Fewer  employee  sick  and  mental  health  days  equate  to  higher  levels  of  producTvity  and  overall  well-­‐ being  (and  personal  happiness!)  Progressive  companies  are  offering  healthy  opTons  for  their  employees   to  encourage  and  maintain  their  overall  health.  The  cost  is  reasonable  and  a  focus  on  employee  well-­‐ being  is  becoming  a  necessity  with  rising  healthcare  costs,  not  to  menTon  to  push  for  more  balance.   Alternative Ideas: •  •  •  •  •  •  •  Fresh  vegetable  delivery  program     Invite  local  farmers  market  vendor  to  office     Offer  discounts  to  yoga,  gym  membership,  exercise  equipment     Gie  cards  to  local  healthy  restaurants     4  visits  for  personal  trainer     Subsidize  cost  of  in-­‐house  massage     Offer  on-­‐site  dance  lessons:  tango,  break,  salsa,  2-­‐step,  ballroom   =  currently  available  in  the  YouEarnedIt  reward  catalog   ©  Copyright  2013  YouEarnedIt.  All  rights  reserved.  www.YouEarnedIt.com    TwiAer:  @YouEarnedIt     5  
  6. 6. Professional Development Qualcomm  employees  are  asked  to  submit  papers  on  their  technology  ideas  each  year.   Winners  receive  the  opportunity  to  speak  at  conferences.  This  is  fantasTc,  because  not   only  is  it  a  no-­‐cost  method  of  appreciaTon  for  your  company  to  implement  ASAP,  it   could  effecTvely  engage  all  employees  to  get  creaTve.  Who  wouldn't  want  to  present   their  brilliant  idea  at  a  conference?  The  reward  Tes  heavily  into  one  of  our  most   favorite  topics:  employee  recogniTon.  Intuit  takes  this  theme  a  step  further,  with   employees'  passion  projects,  and  even  invests  $1  million  for  the  winning  product.     See  next  page  for  alterna-ves!     ©  Copyright  2013  YouEarnedIt.  All  rights  reserved.  www.YouEarnedIt.com    TwiAer:  @YouEarnedIt     6  
  7. 7. Professional Development Fortune 100 Examples: Qualcomm:  Employees  are  given  the  opportunity  to  present  at  annual  conference     Intuit:  $1  million  funding  towards  employee-­‐driven  product  idea       Our Assessment:   Engaged  employees  are  given  many  opportuniTes  to  learn  and  grow.  The  cost  is  low  but  the  impact  is   high.    Encouraging  people  to  give  their  ideas  helps  business  success  and  fuels  employee  engagement!     Alternative Ideas: •  •  •  •  •  •  Personal  mentoring/coaching  sessions  from  key  leaders  in  company     Subsidize  online  courses  or  rewards  for  compleTng  courses     Contests  for  individuals  to  win  all  expense  paid  to  regional  professional  conference     Monthly  allowance  dedicated  to  purchasing  business  reads  with  the  noTon  of  sharing  key  learnings     with  team   Brown  bag  TED  conference-­‐style  lunch.  Invite  local  experts  to  join  &  speak  about  chosen  areas     Unique  lunch/offsite  for  innovaTon  brainstorm   =  currently  available  in  the  YouEarnedIt  reward  catalog   ©  Copyright  2013  YouEarnedIt.  All  rights  reserved.  www.YouEarnedIt.com    TwiAer:  @YouEarnedIt     7  
  8. 8. Loyalty-Driven Incentives These  types  of  employee  rewards  are  real  winners,  because  they  keep  your  best   employees  engaged  with  the  company  for  the  long-­‐haul.  REI  allows  employees  to  use   expensive  equipment  for  free,  and  if  employees  want  to  buy  the  equipment,  they  get  a   big  discount!  This  shows  loyalty,  because  they  are  using  in-­‐house  products  and  brands.   Aeer  15  years  with  the  company,  REI  offers  another  loyalty-­‐driven  incenTve:  a  paid-­‐for   sabbaTcal.  W.L  Gore  Associates  conTnues  with  this  loyalty-­‐driven  theme  by  allowing   individuals  to  manage  themselves,  rather  than  be  supervised.     See  next  slide  for  alterna-ves!     ©  Copyright  2013  YouEarnedIt.  All  rights  reserved.  www.YouEarnedIt.com    TwiAer:  @YouEarnedIt     8  
  9. 9. Loyalty-Driven Incentives Fortune 100 Examples: REI:  Discounted  sporTng  equipment  and  sabbaTcal     W.L.  Gore  &  Associates:  Allows  individuals  to  manage  themselves,  rather  than  be  supervised     Our Assessment:   Loyal  employees  are  more  likely  to  serve  as  brand  ambassadors,  which  extends  to  customers  and  future   employees.  Providing  perks  unique  to  your  company  is  fun  for  employees  and  doesn’t  have  to  be  costly.   StarTng  with  a  few  self-­‐managed  teams  may  infuse  addiTonal  efficiencies  and  innovaTon  into  the  team.   Alternative Ideas: •  •  •  •  •  Manager  for  a  day  –  give  an  employee  the  boss’  hat  for  a  day  and  allow  her  to  provide  strategic  and   operaTonal  input  and  recommendaTons  from  her  point  of  view.     Encourage  self-­‐managed  small  team  to  focus  on  a  passion  project   Create  a  hack-­‐a-­‐thon  with  rewards  and  recogniTon  for  the  best  ideas   AuthenTc  public  recogniTon  and  reward  points  for  redeemable  products,  experiences,  gie  cards,  and   donaTons   Pay  your  vet  pet  bill     =  currently  available  in  the  YouEarnedIt  reward  catalog   ©  Copyright  2013  YouEarnedIt.  All  rights  reserved.  www.YouEarnedIt.com    TwiAer:  @YouEarnedIt     9  
  10. 10. Work-Life Balance VacaTon  Tme  is  precious  and  usually  very  limited.  Most  employees  end  up  using  all   their  alloAed  Tme  over  required  holidays,  like  Thanksgiving  and  Christmas.  However,   such  liAle  Tme  doesn't  really  give  way  to  the  escapist  nature  that  hard-­‐working   employees  oeen  need.  Employees  at  Millennium:  The  Takada  Oncology  Company  are   given  up  to  three  weeks  of  paid  vacaTon  Tme.  They  also  do  not  take  a  firm  record  of   sick  days.  The  vacaTon  part  could  be  a  liAle  bit  costly  to  a  company,  but  this  type  of   freedom  is  rare,  and  can  lead  to  significant  employee  saTsfacTon  and  loyalty.  Not   keeping  a  firm  hold  on  sick  days  can  insTll  a  sense  of  trust  in  employees,  which  shows   respect  and  value  for  employees.  To  make  the  office  feel  like  home,  Dreamworks   Anima-on  allots  a  sTpend  to  their  employees  to  personalize  workspaces.     See  next  page  for  alterna-ves!     ©  Copyright  2013  YouEarnedIt.  All  rights  reserved.  www.YouEarnedIt.com    TwiAer:  @YouEarnedIt     10  
  11. 11. Work-Life Balance Fortune 100 Examples: Millennium:  The  Takada  Oncology  Company:  3  weeks  paid  vacaTon     Dreamworks  Anima-on:  STpend  for  personalized  workstaTons     Our Assessment:   A  challenge  for  the  most  engaged  employees  is  balancing  their  passion  for  work  and  Tme  with  family.   CreaTng  a  work  environment  that  promotes  healthy  Tme-­‐outs  from  the  office  sends  a  message  of   commitment  to  employee  health  and  yields  huge  loyalty  dividends  in  return.    For  some  work   environments,  ditching  the  formal  rules  &  regulaTons  may  be  easier  than  you  think  (and  easy  to   implement). Alternative Ideas: •  •  •  •  •  •  1x  per  week/month  flexibility  to  work  from  home     Gie  cards/discounts  on  toys,  games,  theme  parks,  and  books  for  kids     Flowers  delivered  to  spouse     Note  to  family  from  CEO  about  remarkable  work  by  the  employee     Bring  your  pet  to  work  day     Sleep  in  late  for  one  week     =  currently  available  in  the  YouEarnedIt  reward  catalog   ©  Copyright  2013  YouEarnedIt.  All  rights  reserved.  www.YouEarnedIt.com    TwiAer:  @YouEarnedIt     11  
  12. 12. Next Steps NEXT  STEPS   So,  there  you  have  it.  You  don't  have  to  spend  all  of  your  company  profits  on  a  private   golf  course  for  employees,  but  in  order  to  keep  them  saTsfied,  focused,  and  performing   their  best,  you  do  have  to  invest  in  their  happiness.  Contact  any  of  our  team  to  see  how   YEI  can  help  or  take  us  for  a  free  spin,  no  strings  aAached!  To  save  Tme,  feel  free  to   request  a  10-­‐minute  demo.     Keep  on  truckin’  and  please  check  out  our  blog  for  other  employee  engagement  ideas!       Click  Here  to:  ContactUs@YouEarnedIt.com     www.YouEarnedIt.com     ©  Copyright  2013  YouEarnedIt.  All  rights  reserved.  www.YouEarnedIt.com    TwiAer:  @YouEarnedIt     12  

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