Recognition and Rewards: Is Your Program Wasting Money?
August 9, 2017 | HighGround
We all know engaged employees are critical to your organizational culture, customer satisfaction and bottom line. Developing a meaningful and cost-effective recognition and rewards program is an important contributing factor to employee engagement, but unfortunately, traditional approaches have not kept pace with employees’ needs and hidden costs that stress your budget have become the new normal. When you add in stale technology and heavy administrative burden for HR, the problem becomes worse.
How do you ensure employees bring value to a company? And how do you ensure they feel valued? Strategically addressing these questions is the basis for improving performance.
For decades, HR departments relied on annual reviews to gauge and ...
Even though the HighGround study found employees and managers prefer a more frequent cadence for performance conversations, a poll of webcast attendees revealed that 44% of respondents still have performance conversations just once a year. So how can HR and organizations deliver the ongoing approach that managers and employees want?