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Recognition: The MVP of Employee Engagement

No longer a specialist relief pitcher called in to face a tough hitter, or a rarely used bench player padding stats in garbage time, employee recognition has become a widely recognized superstar when it comes to driving employee engagement. And with only 41% of employees recognized at their desired frequency, and 60% feeling their managers don’t recognize them in the moment, a huge opportunity exists for your business to leverage recognition to engage your employees.

While there are a variety of ways to help create an engaged workforce, many experts, including AON Hewitt and the Harvard Business Review, believe that recognition is the most important pillar of any employee engagement program. As Meghan M. Biro states in her new eBook Recognition Culture: The MVP of Employee Experience, “Be it bonuses, awards, rewards, a virtual gold star, or a simple shout out on social media, fostering a culture of recognition drives higher levels of engagement, which translates into improved performance and better results.”

With the shifting dynamics and demographics in the contemporary workplace (millennials now outnumber baby boomers and the economy is reaching “full employment”) there is a greater emphasis on the individual. Accordingly, employee recognition should follow suit and be relevant to the person receiving it.

Gone are the days of the monolithic approach to recognition, in which employees were only recognized once a year during a performance review, with little news of their accomplishments reaching the greater organization or even worse, once every five or ten years with a “Years of Service” award. Replacing this approach with one focused on recognizing and rewarding people frequently with meaning and specificity has become critical in creating a true culture of employee recognition. And it follows that the more frequent the recognition the higher the employee engagement.

The Impact of Recognition: Is It Real?

Recognition as a philosophy is one thing, but does it have quantifiable value when put into practice? Horizon Blue Shield Blue Cross of New Jersey thinks so. In 2013, they implemented their Step It Up employee recognition program (hosted on Achievers recognition and engagement platform) across their four business locations in the hopes of increasing employee engagement. By year’s end, 90% of employees had joined the platform, with executives leading the way by being amongst the most active users. All of this activity contributed to:

  • 6 percent increase in its overall engagement scores
  • 14 percent improvement in engagement survey results related to recognition
  • 97 percent activation rate for its Step It Up Employee Recognition Program

The Step It Up program is still in frequent use today, with executives continuing to lead the recognition charge.

What You’ll Learn

Instituting a company-wide recognition program that encourages frequent peer-to-peer recognition regardless of title or department can be a game changer. In her new eBook, Meghan M. Biro provides the reasons why employee recognition is the most valuable tool for creating a culture of engagement and explains how tying recognition to core company values can ensure repetition through reinforcement – and have a positive impact on key business metrics including productivity, innovation, retention, and customer satisfaction.

If any of these business objectives mentioned are important to you, then it is time to consider implementing a strategic recognition program. But what should you look for when deciding on the best platform for it? To find out the answer to that question and more, download Meghan M. Biro’s latest eBook Recognition Culture: The MVP of Employee Engagement.

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About the Author

Iain FerreiraIain Ferreira is the Content Marketing Manager at Achievers. He lives in San Francisco. You can view his Linkedin profile here.

 

 

 

 

Employee Engagement and Performance

Why Recognition Is Essential to Employee Engagement

When I entered the workforce in 1997, I wanted to find an employer that would offer me a long and fruitful career; a goal I shared with the Baby Boomer generation before me.

While this has been the experience of my wife, who has enjoyed 17+ years of employment with the company that recruited her out of college, I’ve worked for six companies in the almost 20 years since I graduated. One of the biggest things I’ve noticed? The social contract between employer and employee has changed.

Currently, the tenure of a knowledge worker is less than three years at a single company, and with the steady emergence of the “gig-economy,” I fully expect that number to continue decreasing over the next 10 years.

The rising cost of recruiting and retention accentuates the need, now more than ever before, for employers to do all they can to attract and retain high-performing individuals.

Tap into discretionary effort for maximum performance

I’ve had the good fortune of managing teams for the past 10 years. In that time, I’ve learned a great deal about how to get the most out of people.

To me, the goal of any good leader should be achieving maximum performance by tapping into the discretionary effort of their team members. By discretionary effort, I mean the level of effort people could give if they wanted; above and beyond the call of duty.

I always tell potential candidates that by hiring them, I’m purchasing 40 hours of their time per week, but my underlying intent is to tap into any discretionary effort they’re willing to exert by aligning their objectives to the success of their team, and the greater organization. To accomplish this, a clear understanding of the link between an employee’s efforts and business success is key.

Recognition for improved employee engagement

Employee recognition should be a tool that all leaders have at their disposal to elicit maximum effort from the individuals that value it (keeping in mind that not everyone does). Almost 70% of workers say they’d work harder if they felt their efforts were better appreciated.

Often, when employees feel valued, engaged, and emotionally committed to their work, they’re willing to go the extra mile for their company. The Corporate Leadership Council studied the engagement level of 50,000 employees around the world to determine its impact on both employee performance and retention. Two of the many important findings from this report were:

  • Engaged companies grow profits as much as 3X faster than their competitors.
  • Highly engaged employees are 87 percent less likely to leave the organization.

In the past, employee recognition was sporadic, often focused on tenure instead of performance. Sometimes it happened in public forums where leaders celebrated an individual’s accomplishments in a top-down fashion. Most of the time, recognition was given at the individual level in private conversations or correspondence (such as a performance review), likely not often enough to have a meaningful impact on employee engagement.

With the advent of the digital workplace, recognition can and should be given with more visibility and frequency; the end goal being a workforce made up of engaged employees.

Creating an engaging digital experience

Having tools that promote engagement and recognition is becoming essential to HR and IT initiatives in the evolving digital workplace. According to Aon Hewitt’s 2017 “Trends in Global Employee Engagement,” study, Rewards and Recognition ranked as the strongest engagement opportunity this year. But you need to find the right technology partner to help you provide an experience that your employees love to use in order for it to pay dividends.

I speak with companies daily that are faced with the challenge of replicating their “brick and mortar” culture in a digital environment. With their workforce spread out across offices, geographies, and time zones, they need to provide an employee experience that allows individuals to meaningfully connect to the company and their colleagues.

While many tools exist, those that focus on interoperability are the ones that are having the most impact. With the overwhelming quantity of tools and applications that exist inside an organization today, it’s critical to offer an integrated experience that plays to the strengths of each individual solution, resulting in a more efficient use of the entire technology portfolio.

To learn more about the impact employee recognition can have on engagement and performance, check out Achievers’ “Ultimate Guide to Employee Recognition”.

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About the Author
Chris Myers Igloo
Chris Myers is VP Partnerships & Alliances for Igloo Software, a leading provider of digital workplace solutions that help companies build inspiring digital destinations for a more productive and engaged workforce. Chris owns overall partner strategy for Igloo and is responsible for three programs – Technology Alliances, Channel Partners and Developers. Connect with him on LinkedIn.

 

 

Wellness and Company Culture

5 Ways Wellness Programs Can Enhance Employee Engagement

Look up from your computer and take stock of the colleagues working around you, they might not be at their desks much longer  A recent Gallup study reports that approximately 51% of them [U.S. workers] are either actively looking for a new job or keeping an eye out for openings.

Some say it’s a people or a hiring problem, others chalk it up to the natural employee lifecycle. However, this career transience can be more properly understood as a consequence of poor company culture.

While companies spend billions of dollars and thousands of hours working on enhancing their consumer-facing brand, they spend a fraction of that on their employer brand.

Companies often neglect their “employee value proposition,” meaning they don’t spend enough time thinking about how to differentiate themselves from other companies in a job market that has seen increased competition for talented employees.

For a company to differentiate itself in this increasingly competitive market, it needs a laser-like focus on its employees. More than the just good of the company, your employees are interested in achieving work-life balance and seeing to their own personal well-being. They want to work for a company that values those things as well.

Work and life aren’t easily distinguishable from one another these days because every employee, from CEO to the newly hired intern, carries things with them from their personal lives into the workplace. The personal and the professional exist in symbiosis, neglecting one is doing a disservice to the other.

Invest in your team holistically. It doesn’t take a lot of time or money to make your team feel cared for in the place they spend nearly one third of their lives. Making this effort can increase employee retention, engagement, and attract new talent.

An investment in the well-being of your employees as individuals is an investment in the company itself. One of the best ways to show that your company is committed to its people just as much as it is to its customers and profits is by building a well-functioning wellness program.

Establishing an employee wellness program impacts more than just the individual, it creates a more productive, motivated, and engaged workforce. Don’t believe me? Here are five examples of how wellness can turn your company culture around, creating real business impact:

1. Goals

light bulb

Wellness programs are an effective tool to align company goals with the health and well-being of your employees. They clear a path for employees to incorporate their personal well-being into their work, as opposed to handling work and wellness as separate entities.

One of the main reasons that people don’t participate in wellness programs is because they don’t believe they have enough time (as many as 51% of employees according to an Economist Intelligence Unit (EIU) Study). However, it only takes a little creativity to align wellness goals with productivity goals, and this small effort will ultimately impact the business in a big way.

Starting with an easily accomplished task, such as setting reminders to break up screen time by taking a short walk, can establish momentum that will help build efficiencies into the work day and ultimately help to reduce burnout.

2. Morale employees working

It’s not a leap to suggest that the way an employee feels about their job directly impacts how they perform on the job. Morale and engagement are intertwined.

Around 70% of U.S. workers report not being engaged at work. In thinking about the colleagues I referenced in the opening paragraph, seven out of ten of them aren’t being utilized to their full potential. That’s disturbing.

Wellness initiatives can strengthen the commitment of the individual to the company. It’s a reciprocal relationship; employees who feel cared for are likely to match that feeling in commitment to the company – not to mention engaged employees perform 20% better than their counterparts.

If your office morale is low, don’t be afraid to get creative and try some out-of-the-box morale boosters.

3. Stress

employees

The presence of high amounts of stress in the workplace can make or break the relationship between employee and company. While a manageable amount of stress is healthy and motivates people to succeed, it can easily become overwhelming.

Stress presents itself in two forms, eustress and distress. The former pushes people to reach their goals and the other stifles production and growth. The root cause of stress for 80% of employees is work.

A wellness program that takes this into account and provides resources or activities to deal with high and sustained-stress situations can help identify and address negative stress before it becomes a problem. If stress does become a problem, it can lead to increased absenteeism and decreased productivity.

4. Relationships

employees

Fostering friendships in the office is beneficial both on a human level and as a good business decision. The Gallup study referenced above shows that about 20% of U.S. workers report having a best friend at work, which in itself isn’t that interesting. However, if employers could get that number up to 60%, the study posits that the resulting bonds would influence higher customer satisfaction and a 12% increase in profits!

The difference comes from a sense of being part of a team, rather than feeling isolated. Your employees will carry a greater sense of responsibility and purpose because they won’t perceive their work as only impacting them as an individual, but how it impacts the team, and company as well.

Offering activities that bring your team together outside of work can help foster closer relationships. Something as simple as sponsoring a company kickball or softball team can lead to seven times more engaged employees, and a more robust bottom line for the company.

5. Culture

laptop

A commitment to wellness is a commitment to building a strong workplace culture, and it follows that caring for your team means caring for your business. A strong workplace culture impacts more than just your employees, culture seeps out into the interactions employees have with customers, partners, and the community. Engaged employees are also your best resource in attracting talent, they’re the ones most likely to be extolling the virtues of your company culture on sites such as Glassdoor and LinkedIn.

Your company’s biggest asset is the people that have bought into the company’s mission. Ignoring the needs of the people that keep the ship afloat is dangerous and might leave you swimming with your head just above water.

Has your company invested as much in its people as it can or should? If not, what do you think you can do to change that? Leave a comment and start the discussion!

For more information as to how wellness can impact employee engagement, click here.

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About the Author
Barron Rosborough
Barron Rosborough is a seasoned digital marketer and writer from Los Angeles, CA. He writes on topics ranging from wellness to leadership (and everything in between). He is currently the Digital Marketing Coordinator at SnackNation, a curated healthy snack subscription service for offices and homes.

 

 

 

 

effectively measure engagement

Employee Engagement: How to Measure What Matters

Recently, there have been some eye-opening reports about the state of employee engagement, both here in the U.S. and globally. Aon Hewitt, in their 2017 Trends in Global Employee Engagement Study, found that engagement levels have dropped for the first time in five years and Gallup reported in its State of the American Workplace report that a full 70% of U.S. workers are not engaged at work.

But before we all get too breathless about these admittedly disconcerting engagement numbers, it’s important to remember that employee engagement is not an end in and of itself. Engagement numbers do provide a window into the general well-being of your workforce, but more important than the raw numbers is how engagement ties back to desired business outcomes.

Say, Stay, Strive

Aon Hewitt, in an influential 2015 paper advanced the “Stay, Stay, Strive” framework for the variety of desired Employee Engagement outcomes. According to that model, engagement drives a variety of desirable outcomes, including increased employee advocacy and a more desirable employer brand, (“Say”), improved retention and tenure (“Stay”), and better overall performance (“Strive”):

“One manager may have an employee who is incredibly hardworking but needs to say more positive things about the company due to his/her network impact on peers. Another manager may have employees who generally seem positive about the company and committed to staying, but need to ramp up individual effort toward the new performance behaviors required by an organizational transformation.”

So it really isn’t just about the score, it’s about understanding what you need to measure in order to achieve the desired business outcome.

Are You Measuring What Matters?

Do you know how well your engagement programs are working? How about the connection between programs that engage employees, such as employee recognition and rewards, and your desired business results?

Employee engagement has become a cornerstone and calling-card of today’s most successful businesses. But instituting a haphazard or incomplete engagement initiative can often lead to more problems than solutions, as employees dutifully fill out their surveys but nothing ever seems to come of it.

Successful employee engagement programs should tie back to specific organizational goals, help to align employee values with company values, and ultimately — drive improvements in overall performance. Studies have shown that highly engaged employees are:

  • 21% more profitable;
  • 17% more productive, and;
  • Enjoy 20% higher sales than industry peers with average engagement.

Whether your measure for success is better employee retention, improved alignment with company goals, or increased revenue, your journey begins in first knowing what to measure and how to do it well.

An engaged workforce is almost always a profitable workforce. According to Gallup, companies with a well-defined culture of recognition and commitment to employee engagement have been shown to outperform their peers by 147 percent in earnings per share. Learning how to measure engagement – and what to measure – are the first steps towards realizing the engagement advantage. By measuring engagement in a number of ways and against a number of different metrics, companies can then learn what actions they need to take to improve in this important area of differentiation.

What you’ll learn

Having a better understanding of what makes your organization tick can help you find a competitive edge that you didn’t know existed. In our new eBook, “Employee Engagement: Four Places to Start Measuring What Matters,” we provide four ways to effectively measure the results of your engagement programs to ensure success in areas critical to your business – such as employee retention, performance against goals, and alignment with company values. Download the eBook now and begin learning how to measure what matters!

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About the Author

Josh Danson

Josh is Director of Content Marketing at Achievers. An accomplished marketing and communications professional with more than 20 years’ experience in the fields of marketing and PR, Josh worked as a press secretary on Capitol Hill before moving West, and from politics into PR – and on into content marketing. Josh graduated with High Honors in History from Kenyon College and lives in San Francisco with his wife and 9 year-old daughter. In addition to work and family, he is passionate about music, politics and fly fishing (not necessarily in that order).