Trend 1: Talent Wars

Employers are facing a fundamental change in their organizations - baby boomers are reaching retirement age. This means 40% of today’s top talent is preparing to yield their responsibilities to the next generation. Consequently, companies will be vying for skilled and talented employees to fill the gap. Recognition programs are often used to recruit and retain talent. Employees need to know they will be recognized for a job well done!

Trend 2: Job Satisfaction

Job satisfaction is at an all-time low. According to a 2007 job satisfaction survey, less than 50% of American workers were satisfied with their jobs. On-the-job satisfaction is directly affected by the manager-employee relationship. Managers that use recognition as a management tool have employees who find work to be meaningful and enjoyable, creating satisfaction on the job.

Trend 3: Employee Turnover

Seventy percent (70%) of employees feel no obligation to stay with their current employer. Ninety percent (90%) of voluntary resignations are due to feeling under-appreciated by managers. So, when it comes right down to it, employees are loyal to managers, not organizations!

Trend 4: Poor Job Performance

When employees begin to disengage – or are no longer committed to their work – the bottom line suffers. Disengaged employees are discontent, negative, undermine the work of others and perform poorly. According to The Gallup Organization, “There are 22 million disengaged employees that cost the American economy up to $350 billion per year in lost productivity, including absence, illness and other problems that result when workers are unhappy at work.”

Beat the Trends!

Companies that use recognition as a essential management tool have a more engaged workplace. As a whole, engaged workplaces have lower turnover, high customer loyalty, and are more profitable. In fact, engaged employees are 50% more productive than disengaged workers! These workplaces benefit by:

·         50% Lower Turnover

·         38% More Productivity

·         56% Higher Customer Satisfaction

·         27% More Profitability

You Can Beat the Trends - Recognition Programs Work!

Contact Me Today to Learn How I Can Help!

                 A trend you can’t ignore

Historically, employers in corporate America are always competing to attract and retain the best talent. This trend is called the “Employee Talent Wars.” Today more than ever,

As companies have been forced to layoff employees, their competitors are taking the opportunity steal away top performers.

The talent war is making its mark in the following way:

·         30 million employee deficit

·         40% of middle and top managers retiring

·         Lack of employee loyalty

·         Disengaged employees

These trends may be present in your organization. However, several companies are overcoming this trend using recognition.

What Does Recognition Have to Do with It?

Successful companies are using recognition as an essential management tool to stay competitive in the marketplace. As a result, these companies have achieved:

·         50% Lower Turnover

·         38% More Productivity

·         56% Higher Customer Satisfaction

·         27% More Profitability

This tells us that recognition can change employee behavior and help attract and retain good talent. Due to the success of recognition, 52% of these successful organizations predict they will be starting new recognition programs in the next 12 months.

Your organization can be more successful than ever imagined! Take the Awards and Recognition Assessment today to find out if your organization can benefit from recognition awards!

The Benefits of Recognition are Endless!

Contact Me Today to Start Developing a Recognition Program for Your Company!

         Recognition and awards assessment

Completing the evaluation below will help you discover if your organization could benefit from a strategic recognition program. Circle your answer to each of the questions below. If you answer NO to more than 2 of 5 questions in a category, a recognition program can help you achieve your performance objectives.

Management

1. Do you have a program in place to retain your best employees?                    Yes       No

2. Are you working with management to increase employee productivity?         Yes       No

3. Are you working with management to increase customer satisfaction?           Yes       No

4. Are your employees committed to the corporate values and goals?                Yes       No

5. Do your employees feel their managers appreciate their efforts?                    Yes       No

                                                                                                                     Total_____

Sales

1. Are you able to measure progress toward the corporate sales goal?              Yes       No

2. Are your salespeople aware of the sales goals on a daily basis?                       Yes       No

3. Do you have a strategy to increase productivity among your salespeople?     Yes       No

4. Is your sales force focused on competition and winning?                               Yes       No

5. Do you have a process to enforce corporate values and goals?                      Yes       No

                                                                                                                        Total_____

Marketing

1. Do you reward top customers and promote your brand?                             Yes       No

2. Do you reward top vendors?                                                                       Yes       No

3. Are your customer satisfaction ratings on the rise?                                       Yes       No

4. Is productivity increasing in your organization?                                              Yes       No

5. Are innovation and creativity part of your corporate culture?                        Yes       No

                                                                                                                        Total_____                                         

 Human Resources/Safety

1. Are the number of accidents and near-misses decreasing?                             Yes       No

2. Are your employees aware of safety in the midst of day-to-day operations?   Yes       No

3. Do your employees take personal ownership of the safety in their                Yes       No

department or workgroup?                                                                           

4. Do your employees feel their managers appreciate their efforts?                    Yes       No

5. Do you have a structured program to reward or recognize improvements?   Yes       No

                                                                                                                       Total_____

Contact Me Today to Learn More About the Benefits of a Recognition Programs!

    The facts about

     cash vs. non-cash

Rewarding employees with only cash can hurt your organization in the long run. Learn the fast facts on rewarding with cash vs. non-cash!

 The Facts Say It All

As a decision maker in your organization, do not ignore these facts as you consider recognition as a strategies management tool to achieve your business objectives.

Companies with effective recognition programs experience:

 ·        50% Lower Turnover

• Replacing a key employee costs 150% of their salary

• New employees take 6-9 months to be productive

 ·        38% More Productivity

• Engaged employees perform more efficiently

• Engaged employees are more loyal

• Engaged employees feel appreciated

• Engaged employees are easy to manage

 ·        56% Higher Customer Satisfaction

• Less customer “churn”

• The customer always wins

• More referrals from existing customers

• Decreased marketing and sales expenses for new customers

 ·        27% More Profitability

• Winning companies are financially stable

• More capital for the future

• Winning companies return more to their stakeholders

Contact Me Today to Discuss the Benefits of a Recognition Program! 

           Top 5 reasons to replace gift cards

Gift cards may be convenient, flexible and provide broad appeal with employees. However, gift cards have several limits. Below are the top 5 reasons to replace gift cards with symbolic awards.

Reason #1: Gift Cards Are Not Personal

Gift cards do not recognize employees for their personal achievements or express to employees their manager’s appreciation. This leaves employees feeling unappreciated for their efforts. Recognition programs should motivate and reinforce desired behaviors. This occurs when employees receive an award that represents their personal achievement.

Reason #2 Gift Cards Lack Emotion

Employees do not make the same emotional connection with gift cards as they do with symbolic awards. Gift cards lack sincerity. Recipients do not consider a gift card special; as a result, employee performance suffers.

Reason #3 Gift Cards Provide No Memory

Gift Cards are not memorable symbols of accomplishment. The reward is easily forgotten, leaving the recipient without a lasting memory

Reason #4 Gift Cards Are Not Used

·         10% of gift cards are not redeemed

·         25% are re-gifted for someone else

·         Employees sell gift cards for a discount on a secondary market

·         Employees cannot remember what they used them for

Reason #5 Gift Cards Provide Low ROI

Recognizing an employee for good work should always increase employee performance and customer satisfaction, making the company more profitable. Gift Cards are not personal, lack emotion, are forgotten, and are not redeemed, making them a poor award option. Replacing gift cards with symbolic recognition awards is personal, emotional, memorable, and lasting, making awards the ideal choice to increase profitability with a high return on investment (ROI).

Increase your ROI by replacing gift cards!