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What is Employee Recognition?

HR Lineup

Employee recognition goes a long way in retaining workers, thus boosting their morale. This article takes you through the meaning of employee recognition and why you need to include it in your company’s culture to transform your workers and business’ bottom line. What Do You Mean by Employee Recognition?

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Deep Dive on Budgeting for Employee Recognition and Reward Programs

Vantage Circle

The agenda was about increasing the budget for our employee recognition program. In many organizations, employee recognition is seen as an expense rather than an investment. A well-planned budget is not about handing out rewards; it's— about fostering a culture that employees appreciate.

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How to Find Budget Dollars for Employee Recognition

HR Bartender

Specifically, manager and employee expense items that can’t clearly be categorized or understood. Any ‘one-time’ employee payment should be clearly understood and pay close attention to the ‘Other’ category. The post How to Find Budget Dollars for Employee Recognition appeared first on hr bartender. Compensation.

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Let’s talk numbers: How employee engagement impacts financial services and banking industries

Achievers

The financial services and banking industries don’t fare well when it comes to employee engagement. When compared to all other industries, finance and banking suffer from high customer-switching rates, low employee engagement levels, high turnover, and absenteeism.

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How to Spot Who’s Going to Quit Next

Achievers

It’s also helpful to be aware of which industries have the highest percentage of employee turnover. However, the banking and finance industry saw an 18.6 percent employee churn rate. Predicting employee attrition, then, becomes a matter of being able to recognize lack of engagement, rather than other less reliable markets.

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Cutting Costs? 5 Employee Benefits You Should Never Cut Back On

Achievers

During the lean periods when finances are stretched too tight, and you need a quick solution, employee benefits are often first on the chopping block. Evaluate your employee benefits. Don’t cut back on employee recognition. Employees desire more recognition for their hard work.

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A Recognition Moment: An Interview with Sandra Garcia of General Motors

Achievers

When an employee’s work is publicly recognized by leaders and colleagues, it motivates him/her to grow, contribute and engage in the workplace. What is your favorite employee recognition moment at GM? I have many memorable recognition moments at GM. About GM’s Recognition Program.