Rewards

Rewarding People For Results Is a Mistake

Beware of people who say things like, “I’m the sort of person who likes to get things done.” They almost always make this remark when trying to impress an interviewer, colleague, or manager. The implication is that while all the losers around them are busy being losers, these are the stars of your organization. Often, though, they’re…

HR Roundtable: How HR Can Encourage Encouragement

We decided to start the HR Roundtable (of Cincinnati) off in 2017 on a positive note. The topic was “Encouragement At Work” and we were going to explore how to make this more of the norm versus an exception. Since we skipped meeting in January, people were eager to reconvene and get into…

How to Build a High-Performance Sourcing Department – Part 4 Rewarding Performance

Nothing motivates high-performance more than rewarding success. In order for a sourcer to feel truly validated, some type of reward is needed. The renown psychologist David McClelland states, in his Achievement Motivation Theory, that people are more likely to be motivated if there is some type of intrinsic reward. In the perfect world,…

Growth Comes Best In A More Human Workplace

Recognize This! – Growth within a human workplace combines traditional learning opportunities with the recognition of a challenge- and fun-oriented mindset. In today’s post, I wanted to revisit a set of findings from the 2016 WorkHuman Research Institute ROI of Recognition survey. As we explored the sets of practices that contribute to a…

Your Company’s Market Value Depends on Good Talent Management

Corporate value is increasingly dependent on employees, and talent optimization is becoming a serious business issue. The Brookings Institution has reported that as much as 85% of a company’s market value is now calculated with intangible assets such as knowledge, reputation and human talent. Just 25 years ago that figure was less than…

How to Avoid the Perils of Rewards Programs

A recent academic study is catching a few headlines, suggesting that award programs can have negative motivational spillover effects and actually lead to decreased productivity. The study focused on an award program for attendance, implemented by a plant manager in one facility of a commercial laundry company. There are a number of reasons…

Winning the Talent War with Total Rewards

Total Rewards is among the most critical functions for a successful business. In today’s marketplace, where a highly educated and talented workforce is in high demand and has significant bargaining power, employers must offer a unique and compelling employment value proposition to maintain a competitive edge. While the CEO, Board of Directors and…

After Years of 3% Increases, Where Have All the Good Raises Gone?

Last month, The New York Times published an article bemoaning the loss of pay raises in favor of one-time bonuses and non-monetary rewards. Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation. The share of payroll budgets devoted to straight salary…

Here’s How to Keep Your Best Employees — Without Increasing Pay

Fortune’s Leadership Insider network runs an interesting series, asking leaders a key question for response. Recently, a question asked to Sarah Kauss, CEO and founder of S’well, asked “How do you keep your best employees?” I encourage you to read her full comments, but three options to keep your best employees other than…

When It Comes to Recognition, It’s Better Late Than Never

This week, President Obama and the U.S. Government honored two World War I veterans posthumously with the Congressional Medal of Honor, the highest award for valor on the battlefield. The two soldiers in question, Private Henry Johnson and Sergeant William Shemin, were previously overlooked for the medal because of their race. Obama stressed…

Rewards Run Amuck: Contests That Demotivate and Destroy the Culture

“We’re adding a little something to this month’s sales contest. As you all know, first prize is a Cadillac El Dorado. Anybody wanna see second prize? Second prize is a set of steak knives. Third prize is … you’re fired.” In the 1992 film Glengarry Glen Ross, Blake — famously portrayed by Alec…

Color by Numbers: Just Do the Math to Find Picture Perfect People

Without doing the math and coloring them in, you can still tell what most of them are. But that’s no fun when you’re six, just learning addition and loving to color pictures like my oldest daughter does. Adding the numbers together in each piece of the picture “puzzle” and then following the corresponding…

Why It’s Critical to Spell Out Exactly What Employees Do Right

Every manager has been told that it’s important to acknowledge, recognize, and reward their top performing employees. Unfortunately, most haven’t been coached on how to do this effectively. And if one of the goals is to get the performer to continue performing at a high level, the why has to be linked to…

The Power of Thanks Is in Us All, If We’re Willing to Share It

I benefit from my job in the same ways most people do. I earn a paycheck that pays for a roof over my head and food in my belly. But because my company is focused on creating cultures of recognition and appreciation through the Power of Thanks, I also benefit from both being encouraged to share…