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Here are the Top 4 Trends in Employee Recognition for 2013. Find out if your organization is leading the pack.
Out: Employee Recognition is Nice to Do
In: Employee Recognition is Critical to Business Success
Recognition in 2013 is elevated on many executives' hot list. Chief officers are jolted by figures that suggest at least 7 in 10 employees lack a sense of active engagement on the job. Leaders know that deeply engaged employees are the key to positive customer relationships and business growth. The idea of recognition as an office perk is an outdated one. Developing recognition initiatives that deeply engage more of the workforce has become an essential business strategy.
Out: Top Down Recognition
In: Inclusive Recognition - Everyone participates
A pat on the back from the gal or guy in the corner office will always mean a lot. But now managers don't have to do it alone. Recognition in 2013 is everyone's job. Anyone from the intern to the CFO can notice someone doing great work. And with today's online platforms, it's easy to give a shout-out in the moment.
Out: Unaccountable Recognition
In: Rigorous Tracking and Reporting Insights
If 2012 was the year many businesses embraced "social-media style" recognition. 2013 is the year they will dig deeper to mine the gold in their recognition data. Today's platforms meet the growing demand for data that assists leaders in assess employee engagement, employee performance, business objectives and more.
Out: Show me the Money
In: Tangible Rewards with an Emotional Connection
A bonus check will never be refused, but for 2013 leaders are investing their employee rewards that yield a higher return. Cash is an expensive way to change behavior. Not only that, but tangible awards create an emotional connection to the achievement and the organization. A tangible award will give an employee something to remember weeks, months, or years down the road.
(adapted from Terryberry Recognition Program Winter Bulletin)
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