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    why not use cash to reward employees?

    Posted by brian on 10.08.2019

    WhyNoCash

    Attracting and retaining key talent has always been a top concern for business leaders and it is especially so in these days of historically low unemployment. Without accurate intelligence, business leaders are tempted to throw cash at the retention problem. Cash is King, right? So why not use cash to reward employees? Because research shows that tangible rewards are far more effective than cash.

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    Topics: Employee Reward Programs, Non-cash Rewards, employee engagement, Employee Incentive Program, improve employee engagement, Incentives for Employees, Motivating Employees, tangible rewards, lower turnover

    Company Culture & Employee Engagement: the Impact on the Customer Experience

    Posted by brian on 09.03.2019

    Customer Experience

    Employee engagement, company culture, customer experience: These three components can’t exist in a vacuum. A company with a strong culture has highly engaged employees, who therefore positively impact the customer experience. Where to start?

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    Topics: Customer experience, employee engagement, improve employee engagement

    Are you familiar with U.S. Federal Regulations on Non-cash Rewards?

    Posted by brian on 08.12.2019

    non-cash rewards programs

    The Incentive Research Foundation has recently completed a study on U.S. Federal Regulations on non-cash rewards. According to those surveyed, 70% are “extremely” or “very” knowledgeable about the tax and other regulations regarding non-cash rewards. That same percentage reports that they are proactive in their approach to program design - and change the design frequently in order to comply with regulations.

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    Topics: Non-cash Rewards, Incentive Programs, Reward and Recognition Programs

    The Cost of Employee Turnover

    Posted by brian on 08.06.2019

    Employee Turnover

    A recent survey of Chief Executive Officers finds that retaining talent is the #1 internal challenge and concern. CEOs must balance long-term goals and short-term results. Regardless of the demographics of the workforce, all employees want to know that their work has meaning and that they’re appreciated. Rewarding and recognizing employees for excellent performance is on every list of ways in which to retain employees. Employee turnover is disruptive and expensive. Here are some factors that contribute to the cost of employee turnover:

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    Topics: Employee Retention, employee engagement, improve employee engagement, Motivating Employees, Employee Turnover

    The care and feeding of industrial athletes

    Posted by brian on 07.17.2019

    EmployeeEngagement

    The concept of industrial athletes was born in the last decade or so and refers to those who employees who make their living using their knowledge, skills and abilities to perform a job that often requires physical demands. The term industrial athlete is accurate as defined because there are definite similarities between what we normally think of as an athlete and an industrial athlete. How are you supporting the industrial athletes in your company?

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    Topics: Employee Safety Program, Employee Wellness Program, employee engagement, Reward Employees, safety incentive program, Safety Incentives Program, Wellness Programs

    National safety month: did you take full advantage?

    Posted by brian on 07.11.2019

    NationalSafetyMonth

    June was National Safety Month. Did you take full advantage by focusing employee attention on safe work practices? Here are some helpful tips for planning Safety Month activities for next year from the National Safety Council (NSC):

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    Topics: employee safety, Employee Safety Program, Workplace Safety, National Safety Month

    The Use of Non-Cash Awards in Recognition Programs

    Posted by brian on 06.12.2019

     

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    Topics: Employee Incentive Program, Incentives for Employees, Reward and Recognition, Reward and Recognition Programs, Reward Employees, tangible rewards

    Want Higher Employee Engagement? Build a Culture of Recognition

    Posted by brian on 05.30.2019

    EmployeeRecognition

    Although employee engagement has been a priority for many organizations, only 32% of U.S. workers are engaged in their work, according to a Gallup study. Because companies with higher employee engagement outperform their competitors by over 200%, this is increasingly important. Earlier this month we discussed signs of a negative workplace. Here we’ll discuss how to build a culture of recognition that leads to higher employee engagement.

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    Topics: Employee Recognition, Employee Recognition Programs, improve employee engagement, Motivating Employees, Reward Employees

    Is Your Workplace Toxic?

    Posted by brian on 05.16.2019

    ToxicWorkEnvironment

    For the last several years, we’ve heard a lot of conversation around employee engagement, yet engagement scores have been dropping since 2007. According to a 2015 Gallup study, only 32% of U.S. workers are engaged in their work. Why is this important? Because companies with higher employee engagement outperform their competitors by over 200%. Without a formal employee engagement assessment, how can you determine whether your work environment is toxic?

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    Can you Hire an Engaged Workforce?

    Posted by brian on 05.08.2019

    Hiring Engaged Employees

    “Don’t try this at home!” How many times have we heard that directive? In most cases, it’s because although something may look easy, it’s probably because it’s being done by professionals. This is also true of employee engagement, recognition and incentive programs.

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    Topics: Engaged Employees, employee engagement, improve employee engagement, Incentive Programs, Motivating Employees

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