I had the pleasure to be part of a lively panel discussion this morning. We talked about employee retention, reward and recognition. The conversation is now available for on-demand listening. I hope you have a chance to listen in and tell me what you think. Join the conversation!
Here is the write up from HR Trends with Game Changers, Presented by SAP:
Employee Retention: Reward and Recognition at Work
According to a JobVite survey, 51 percent of employed workers in the U.S. are actively seeking or open to finding new jobs. How are you keeping your talent productive, happy, motivated, positive and on-board, while continually asking them to do more for your business?
The experts speak.
Cindy Ventrice, author: Make Their Day! Employee Recognition That Works: “Each year, U.S. companies spend over $27 billion on recognition, yet according to Gallup, 65 percent of employees report receiving no recognition in the previous year. Organizations need to focus their energies where they will do the most good, on the recognition strategies that employees find meaningful.”
Brenda Pohlman, Senior Recognition Strategist at Globoforce: “Recognition ties directly to feelings of being appreciated, job satisfaction, and whether or not employees love their jobs. The bottom line: recognized employees are far more inclined to stick around.”
Sherri Goldberg, Global Recognition Lead for SAP: “I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” (Maya Angelou)