Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

When & How To Start A Reward & Recognition Program

8,465 views

Published on

This presentation shares the in and outs of why a reward and recognition program is important to a company. Includes stats on why it's important and how it helps your employee retention.

Published in: Business
  • If you want a girl to "chase" you, then you have to use the right "bait". We discovered 4 specific things that FORCE a girl to chase after you and try to win YOU over. copy and visiting... ♣♣♣ http://scamcb.com/unlockher/pdf
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • How to start a wildly profitable 7 figure marketing business and get your first commission check tonight, click here ★★★ https://bit.ly/2kS5a5J
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Penis Enlargement and Enhancement Techniques: What REALLY Works?!? ♣♣♣ https://tinyurl.com/yy3nfggr
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Acne No More! Cure your acne, end the breakouts and regain your natural inner balance.. Guaranteed! -- Discover how Mike Walden has taught thousands of people to achieve acne freedom faster than they ever thought possible.. Even if you've never succeeded at curing your acne before.. Right here you've found the clear skin success system you've been looking for! ●●● https://bit.ly/2xJfKi2
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Secrets To Making Up, These secrets will help you get back together with your ex. ■■■ http://ishbv.com/exback123/pdf
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here

When & How To Start A Reward & Recognition Program

  1. 1. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program
  2. 2. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Ben Peterson Co-founder and CEO BambooHR Jason Corsello VP of Corporate Development & Strategy Cornerstone OnDemand
  3. 3. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program HR can be more strategic by focusing on reward and recognition.
  4. 4. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Reward and recognition is a proven engagement tool. “Seventy-eight percent of employees would work harder if they were better recognized.” —Globoforce
  5. 5. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Reward and recognition retains top talent. “Nearly half of employees said they would leave their employer for a company that recognized employees for their contributions.” —Globoforce
  6. 6. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program When using reward and recognition, your business will see measurable results. “Organizations that give regular thanks to their employees far outperform those that don’t .” —Josh Bersin
  7. 7. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program It’s clear reward and recognition helps in so many areas. Yet we aren’t doing it. “Only 12 percent of employees say they often receive appreciation for great performance.” —Towers Watson
  8. 8. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program So why aren’t we doing it? • Time • Uncertainty • Priority
  9. 9. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Instead of focusing on who to reward and recognize, learn how to identify what to reward and recognize.
  10. 10. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Reward based on behaviors and actions—not titles and departments.
  11. 11. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program • Telecommuting has increased 80 percent recently and continues to grow. • Make sure you’re extending your workplace culture to everyone, not just those physically in the office. • Link the way remote employees’ achievements align with the broader, overarching company goals. Don’t forget about your remote workforce
  12. 12. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program  Rock Stars  Most Improved  Departmental Wins  Be Creative!
  13. 13. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program When to Recognize v. When to Reward “To win in the marketplace, you must first win in the workplace.” —Doug Conant, Campbell Soup
  14. 14. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program • Intangible • Relational • Experienced Recognition • Tangible • Transactional • Consumed Reward
  15. 15. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Don’t wait and do it often. “Most employees want some type of recognition every 7 days!” —Towers Watson
  16. 16. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Know Your People.
  17. 17. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Don’t lump recognition in with criticism. Make sure to designate a separate time to recognize and to point out what could be improved.
  18. 18. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Make reward and recognition a habit. Make it part of your culture.
  19. 19. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program How to get started…
  20. 20. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Successful leaders use praise effectively. “We all need people who will give us feedback. That’s how we improve.” —Bill Gates
  21. 21. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Be collaborative: Nominations Anonymous Feedback Invite Ideas for Recipients and Prizes
  22. 22. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Recognition means nothing if employees do not feel like it is honest and deserved. Show employees it is. Most Importantly: • Be Genuine • Be Transparent • Be Fair
  23. 23. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program It’s up to leadership to make feedback a cultural value in the organization.
  24. 24. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program BOTHbeingnominatedanddoingthe nominatingbringfeelingsof EMPOWERMENT.
  25. 25. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Peer-to-peer recognition = a true illustration of the social environment “Researchclearlyshowsthattop-downrecognitionisnotwhatmakes companiesthrivetoday—it’srecognitionbyyourpeers,thepeopleyou workwitheveryday.” —Josh Bersin
  26. 26. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Don’t wait until you have a full-fledged recognition & reward program running.
  27. 27. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Reward on a small or mid-sized budget: • Align spiffs and bonuses with performance. • Provide additional training or career development. • Company lunches, gifts cards, food. • Tickets: movies, concerts, plays, games. • Chairs, headsets, extra monitor, laptop, new phone.
  28. 28. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Reward a remote or scattered workforce: • Give team-building experiences. • Provide faster equipment or efficient tools. • Send swag—with the company values. • Provide a company social forum for communication. • Allow employees to reward each other. • Share, involve, communicate.
  29. 29. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program “We are what we repeatedly do. Excellence, therefore, is not an act, but a habit.” —Aristotle
  30. 30. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Follow BambooHR and Cornerstone on social media: bamboohr.com/blog | cornerstoneondemand.com/blog Thank you!
  31. 31. bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Questions? BambooHR Receive a free job posting on our ATS. We will contact everyone within the next few days to set this up. Purchase Cornerstone Growth Edition before June 30, 2015 and receive up to $1,000 discount with the mention of this webinar. Cornerstone OnDemand

×