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Constructing Culture Through Rewards and Recognition

Date post: 21-Jan-2018
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Page 1: Constructing Culture Through Rewards and Recognition

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Page 2: Constructing Culture Through Rewards and Recognition

bamboohr.com awardco.com

Constructing Culture Through Rewards and Recognition

Steve SonnenbergCEO/Founder

Awardco

Anna LimHR Evangelist

BambooHR

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bamboohr.com awardco.com

Constructing Culture Through Rewards and Recognition

69% of employees would work

harder if they were better recognized.-Globoforce

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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)

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bamboohr.com awardco.com

Constructing Culture Through Rewards and Recognition

Global Business Drivers

• Attract & Retain Top Talent

• Increase Engagement

• Improve Culture

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bamboohr.com awardco.com

Constructing Culture Through Rewards and Recognition

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.

Culture already exists whether you’ve defined it or not.

Culture is organizational DNA

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bamboohr.com awardco.com

Constructing Culture Through Rewards and Recognition

45% of workers have not been

recognized in 6 months or more.

—Globoforce, WorkHuman 2017 Survey Report

What message are you

sending your employees?

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Constructing Culture Through Rewards and Recognition

• 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

Herzberg’s Theory

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bamboohr.com awardco.com

Constructing Culture Through Rewards and Recognition

Workforce Characteristics

• Generation

• Life stage or lifestyle

• Income and/or class

• Urban and/or rural

• Size of organization

• Job function

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bamboohr.com awardco.com

Constructing Culture Through Rewards and Recognition

1. Empower employees

2. Convert single location labor pools

to regional talent powerhouses

3. Communicate changes clearly

How to recognize as times change

and workforces become more diverse

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Constructing Culture Through Rewards and Recognition

It’s not about who deserves recognition,

but what deserves recognition.

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Constructing Culture Through Rewards and Recognition

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bamboohr.com awardco.com

Constructing Culture Through Rewards and Recognition

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bamboohr.com awardco.com

Constructing Culture Through Rewards and Recognition

How to Design an Effective

Recognition Program

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Constructing Culture Through Rewards and Recognition

1. Keep it Simple for both

Managers and Employees

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Constructing Culture Through Rewards and Recognition

2. Make Recognition Timely

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Constructing Culture Through Rewards and Recognition

3. Make the Recognition Meaningful

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Other Considerations

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bamboohr.com awardco.com

Constructing Culture Through Rewards and Recognition

Remote Employees

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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

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Constructing Culture Through Rewards and Recognition

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Constructing Culture Through Rewards and Recognition

Individual vs. Collaborative Reward

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Constructing Culture Through Rewards and Recognition

Employees need to be involved, but let managers drive.

Peer

Nominations

Manager

Recognition

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Constructing Culture Through Rewards and Recognition

Peer Recognition

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Constructing Culture Through Rewards and Recognition

• Core values

• Technology

• Company-wide participation

• Timely, frequent feedback

• Measurable results

Focus Areas for Peer Recognition

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Constructing Culture Through Rewards and Recognition

Communication

1. Introduce program in advance

2. Explain the how and why

3. Keep it front of mind

4. Make the recognition visible

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Constructing Culture Through Rewards and Recognition

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Constructing Culture Through Rewards and Recognition

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Constructing Culture Through Rewards and Recognition

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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.

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Constructing Culture Through Rewards and Recognition

BambooHR

Receive a free job posting on our ATS.

We will contact everyone within the next few days to set this up

Let us know you attended this webinar and save $500 off your implementation with Awardco.

Awardco.com

Questions?

Good through May 2018

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bamboohr.com awardco.com

Constructing Culture Through Rewards and Recognition

Follow BambooHR and Awardco on social media:

bamboohr.com/blog | awardco.com

Thank you!


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