http://www.biworldwide.com/white-papers/employee-engagement/5-ideas-to-fund-successful-employee-engagement-initiatives Broadly speaking, most large organizations look to spend 1% to 2% of their total payroll on employee engagement initiatives. Depending on the size of your organization, this can be a substantial amount of money. But many people want to dip into those funds to cover a variety of employee programs including service anniversary awards, retirement gifts, peer-to-peer recognition, cost-savings and suggestion programs, safety performance, wellness, manager discretionary awards, spot awards, certification and education reimbursement, company picnics, outings and even recognition for community involvement. Getting your share of the budget to fund employee engagement initiatives is no easy task. Within every organization there are many business units, departments, committees, affiliates and locations competing for what ultimately becomes a very limited pool of funds. Even within these groups, there are often multiple sub-teams working diligently to impact specific and usually very important objectives with targeted groups of employees. It makes good sense to keep employee programs highly-focused and aimed at those individuals and teams who can have the most impact on achieving specific goals. However, this precision targeting also dilutes the pool of available funds. When this happens, some good initiatives simply go unfunded and too many are under-funded. Under-funding can be more ineffective than not doing a program at all. It can do more harm than good when an initiative doesn’t have the budget to set attainable goals, measure and track progress, communicate opportunities and provide an award proportionate to the effort required to achieving it. When employees think you are “cheaping out” on them, it can create animosity instead of the goodwill you intended. So what should you do? To make sure your program funding continues, be proactive and regularly communicate with senior leadership showing metrics on: • Participation levels • Employee satisfaction scores • Internal customer satisfaction scores • External customer satisfaction scores where applicable • Employee retention • Absenteeism Consistently show leadership how your program is in alignment with corporate goals, mission and values. Solicit feedback and ask leaders to attend your program rallies, meetings and recognition events. BI WORLDWIDE is a global leader in employee recognition programs. We use the latest technology and behavioral economic theories to create programs that help organizations meet their business goals. Here are five ideas to help you make the most of all employee initiatives and secure funding for the program you would like to build.

1. Australia | Canada | China | India | Latin America | United Kingdom | United States
5ideas
to
Fund
Employee
Engagement

2. BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Large
organizations
look to spend
1% to 2% of
their total payroll
on employee
engagement
initiatives.
1% 2%

3. BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Under-funding can be
more ineffective than not
doing a program at all.

4. BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Here are a few
ideas to help
you make
the most of
all employee
initiatives and
secure funding
for the program
you would like
to build.

5. BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Look for
internal
partners
with similiar
goals and
objectives.
Here are a few ideas...
1

6. BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Tap into
your sales
organization.
Here are a few ideas...
2

7. BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Research
external
partners.
Here are a few ideas...
3

8. BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Here are a few ideas...
Develop a
company wide
engagement
“currency”.
4

9. BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Create a
comprehensive
engagement
web platform.
Here are a few ideas...
5

10. Now that you
have the ideas,
see how you can
use them to
make sure
your funding
continues.
Download
our article.
Australia | Canada | China | India | Latin America | United Kingdom | United States | BIWORLDWIDE.com

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BI WORLDWIDE uses the principles of behavioral economics to produce
measurable results for our clients by driving and sustaining engagement
with their employees, channel partners and customers.