When how to start a reward recognition program

When and How to Start a Reward & Recognition Program bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program bamboohr.com Ben Peterson Jason Corsello Co-founder and CEO VP of Corporate Development & Strategy BambooHR Cornerstone OnDemand cornerstoneondemand.com When and How to Start a Reward & Recognition Program HR can be more strategic by focusing on reward and recognition 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 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 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 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 bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program So why aren’t we doing it? • Time • Uncertainty • Priority 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 bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Reward based on behaviors and actions—not titles and departments 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 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 bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program How to get started… 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 bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Be collaborative: Nominations Anonymous Feedback Invite Ideas for Recipients and Prizes bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Most Importantly: • Be Genuine • Be Transparent • Be Fair Recognition means nothing if employees not feel like it is honest and deserved Show employees it is 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 bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program BOTH being nominated and doing the nominating bring feelings of EMPOWERMENT bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Peer-to-peer recognition = a true illustration of the social environment “Research clearly shows that top-down recognition is not what makes companies thrive today—it’s recognition by your peers, the people you work with every day.” —Josh Bersin 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 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 bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Reward a remote or scattered workforce: bamboohr.com • 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 cornerstoneondemand.com When and How to Start a Reward & Recognition Program “We are what we repeatedly Excellence, therefore, is not an act, but a habit.” —Aristotle bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Thank you! 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BambooHR Receive a free job posting on our ATS We will contact everyone within the next few days to set this up Cornerstone OnDemand Purchase Cornerstone Growth Edition before June 30, 2015 and receive up to $1,000 discount with the mention of this webinar bamboohr.com cornerstoneondemand.com ... cornerstoneondemand.com When and How to Start a Reward & Recognition Program How to get started… bamboohr.com cornerstoneondemand.com When and How to Start a Reward & Recognition Program Successful leaders use praise... cornerstoneondemand.com When and How to Start a Reward & Recognition Program Reward based on behaviors and actions—not titles and departments bamboohr.com cornerstoneondemand.com When and How to Start a Reward. .. cornerstoneondemand.com When and How to Start a Reward & Recognition Program HR can be more strategic by focusing on reward and recognition bamboohr.com cornerstoneondemand.com When and How to Start a Reward