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How to get Executive Buy-in for Employee Recognition

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How to get Executive Buy-in for Employee Recognition

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Executive buy-in has been proven to make the critical difference in driving both the adoption and the effectiveness of your employee recognition program. But how do you engage the execs and obtain the support necessary to launch an effective program?

Executive buy-in has been proven to make the critical difference in driving both the adoption and the effectiveness of your employee recognition program. But how do you engage the execs and obtain the support necessary to launch an effective program?

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How to get Executive Buy-in for Employee Recognition

  1. 1. JANUARY 29, 2014 HOW TO GET EXECUTIVE BUY-IN FOR RECOGNITION
  2. 2. JOIN THE CONVERSATION: @globoforce #hrinfluencers
  3. 3. LAURIE RUETTIMANN  Writer, Speaker, Cat Lady  More than 15 years' experience in diverse and complex corporate human resources and consulting environments  @LRuettimann  http://linkedin.com/in/LaurieRuettimann
  4. 4. JENNIFER MCCLURE  Strategic Advisor, Executive Coach, Obsessed With Horses  25+ years' experience as an HR & Recruiting leader, coach & consultant in a variety of businesses – ranging from small/family- owned to Fortune 100 companies  @JenniferMcClure  http://www.linkedin.com/in/jennifermcclure
  5. 5. BUILDING YOUR CULTURE OF RECOGNITION
  6. 6. DEFINING RECOGNITION
  7. 7. • a driver of engagement and performance • an opportunity to reinforce corporate values • more motivating with praise AND prize • more effective when extended beyond acknowledging tenure alone • most beneficial in evaluating performance when incorporating crowdsourced data RECOGNITION IS…
  8. 8. WHAT IS SOCIAL RECOGNITION? Employees' program Viral participation Everyone on lookout Positivity flows with work Community experience Calibrated award levels
  9. 9. RECOGNITION JOURNEY TACTICAL Disparate programs Inconsistent experiences Reward distribution focus Difficult to measure / monitor ENTERPRISE Consolidated programs SaaS Global experience Compliant Reward choice Measurable STRATEGIC Social Recognition® Viral participation Everyone on lookout Positivity flows with work MOBILE Everywhere access Full program Virtual rewards Global support Native apps Enterprise security TALENT Recognition analytics Team comparisons Executive insights to culture Integration with Talent Management COMMUNITY Publicize recognition Colleagues congratulations Connections define community Broadcast culture
  10. 10. MEASURING RECOGNITION
  11. 11. INCREASE ENGAGEMENT SHRM/Globoforce Spring 2013 Survey Report Top HR Challenges
  12. 12. DRIVE BUSINESS RESULTS “Our research finds that those organizations with the most mature employee recognition approach are 12 times more likely to have strong business results.” SOURCE: The Employee Recognition Maturity Model: A Roadmap to Strategic Recognition - Bersin & Associates 12x
  13. 13. RECOGNITION GETS RESULTS 31% lower turnover at companies with effective recognition 60% increase in engagement from recognizing employee performance 63% higher productivity from engaged companies 15% boost in engagement leads to 2% increase in operating margin
  14. 14. REINFORCE CORE VALUES WHICH OF THE FOLLOWING IS MOST LIKELY TO ALIGN YOU WITH COMPANY VALUES AND CULTURE? SOURCE: Workforce Mood Tracker – Summer 2013 Report
  15. 15. SELLING RECOGNITION (Gaining Executive Buy-In)
  16. 16. BUILDING A BUSINESS CASE 1. Executive Summary 2. Problem Statement 3. Analysis 4. Solution Options 5. Preferred Solution 6. Cost-Benefit Analysis 7. Recommendations 8. Implementation Plan
  17. 17. HIGH IMPACT RECOGNITION HAS BEING RECOGNIZED CREATED A POSITIVE CHANGE IN YOUR BEHAVIOR IN ANY OF THE FOLLOWING? SOURCE: Workforce Mood Tracker – Summer 2013 Report
  18. 18. WHO SHOULD CHAMPION A RECOGNITION PROGRAM? SOURCE: Business Analysis Blog
  19. 19. SUMMARY  Recognition drives business results.  Recognition is critical to talent management and business objectives.  Recognition can help a company reinforce core values.  HR should build a business case for recognition.  Recognition should be championed by key stakeholders with passion.
  20. 20. QUESTIONS?
  21. 21. VISIT US: www.globoforce.com SUBSCRIBE: www.globoforce.com/gfblog

Editor's Notes

  • Derek: If you’d like to join the conversation on twitter – we encourage you to comment or ask questions using the @globoforce hashtag #hrinfluencers during this webinar.You may also use the Q&A feature here on webex – we will answer as many as we can at the end of the webinar.
  • Jennifer
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