Constructing culture through rewards and recognition

1 Constructing Culture Through Rewards and Recognition bamboohr.com Anna Lim Steve Sonnenberg HR Evangelist BambooHR CEO/Founder Awardco awardco.com Constructing Culture Through Rewards and Recognition 69% of employees would work harder if they were better recognized -Globoforce bamboohr.com awardco.com Constructing Culture Through Rewards and Recognition • 82% of employees find it annoying when they’re not recognized for their accomplishments (BambooHR) • Organizations with strategic recognition programs exhibit 28% lower frustration levels than those without (Officevibe) • The #1 reason most Americans leave their jobs is that they don’t feel appreciated (Officevibe) bamboohr.com awardco.com Constructing Culture Through Rewards and Recognition Global Business Drivers bamboohr.com • Attract & Retain Top Talent • Increase Engagement • Improve Culture awardco.com Constructing Culture Through Rewards and Recognition Culture is organizational DNA Culture already exists whether you’ve defined it or not HARVARD BUSINESS REVIEW STATED THAT, “ employees go above and beyond when inspired by company culture Research shows that when employees go beyond the call of duty, their work experience is more meaningful and their organizations operate more effectively ” bamboohr.com awardco.com Constructing Culture Through Rewards and Recognition What message are you sending your employees? 45% of workers have not been recognized in months or more —Globoforce, WorkHuman 2017 Survey Report bamboohr.com awardco.com Constructing Culture Through Rewards and Recognition Herzberg’s Theory • Two factors: hygiene factors and motivation factors • Hygiene factors: salary, benefits, safety • Motivation factors: expression, purpose, friendship • Decreasing dissatisfaction with hygiene factors doesn’t automatically increase satisfaction bamboohr.com awardco.com Constructing Culture Through Rewards and Recognition Workforce Characteristics bamboohr.com • Generation • Life stage or lifestyle • Income and/or class • Urban and/or rural • Size of organization • Job function awardco.com Constructing Culture Through Rewards and Recognition How to recognize as times change and workforces become more diverse Empower employees Convert single location labor pools to regional talent powerhouses bamboohr.com Communicate changes clearly awardco.com Other Considerations Constructing Culture Through Rewards and Recognition Remote Employees bamboohr.com awardco.com Constructing Culture Through Rewards and Recognition “ Since these folks rarely meet with their teammates face-to-face, they tend to focus on tasks and ignore the team This may work for a while, but you must develop a culture in order to foster engagement and sustain their performance over the long term ” –Sean Graber, Cofounder and CEO of Virtuali bamboohr.com awardco.com Constructing Culture Through Rewards and Recognition bamboohr.com awardco.com Constructing Culture Through Rewards and Recognition Individual vs Collaborative Reward bamboohr.com awardco.com Constructing Culture Through Rewards and Recognition Employees need to be involved, but let managers drive Peer Nominations bamboohr.com Manager Recognition awardco.com Constructing Culture Through Rewards and Recognition Peer Recognition bamboohr.com awardco.com Constructing Culture Through Rewards and Recognition Focus Areas for Peer Recognition bamboohr.com • Core values • Technology • Company-wide participation • Timely, frequent feedback • Measurable results awardco.com Constructing Culture Through Rewards and Recognition Communication bamboohr.com Introduce program in advance Explain the how and why Keep it front of mind Make the recognition visible awardco.com Constructing Culture Through Rewards and Recognition bamboohr.com awardco.com Constructing Culture Through Rewards and Recognition bamboohr.com awardco.com Constructing Culture Through Rewards and Recognition bamboohr.com awardco.com Constructing Culture Through Rewards and Recognition “ Treat your employees like your most important guest If you take care of your employees, they will take care of your customers and your business will take care of itself ” –J.W Marriott, Jr People don’t believe what they read on the walls, they believe what they see in the halls bamboohr.com awardco.com Constructing Culture Through Rewards and Recognition Questions? BambooHR Receive a free job posting on our ATS We will contact everyone within the next few days to set this up Awardco.com Let us know you attended this webinar and save $500 off your implementation with Awardco Good through May 2018 bamboohr.com awardco.com Constructing Culture Through Rewards and Recognition Thank you! Follow BambooHR and Awardco on social media: bamboohr.com/blog | awardco.com bamboohr.com awardco.com ... awardco.com Constructing Culture Through Rewards and Recognition bamboohr.com awardco.com Constructing Culture Through Rewards and Recognition bamboohr.com awardco.com Constructing Culture Through Rewards. .. awardco.com Constructing Culture Through Rewards and Recognition Keep it Simple for both Managers and Employees bamboohr.com awardco.com Constructing Culture Through Rewards and Recognition Make Recognition. .. Constructing Culture Through Rewards and Recognition It’s not about who deserves recognition, but what deserves recognition bamboohr.com awardco.com Constructing Culture Through Rewards and Recognition