SlideShare uma empresa Scribd logo
1 de 21
Baixar para ler offline
CREATING AN

EFFECTIVE
AWARD
STRATEGY
ORGANIZATIONS
LOOKING TO
ATTRACT AND

retain top talent
can no longer rely on
simply increasing
employee compensation
and offering cash bonuses.
In fact, employers can overcome this
challenge by implementing an

EFFECTIVE

awards
STRATEGY

in their recognition programs.
BUT...
how do you determine which elements of an
awards strategy can help in increasing employee
engagement and company loyalty?

Research from The Cicero Group
commissioned by The O.C. Tanner
Institute uncovered surprising findings.
WE SHOULD START BY
ASKING THE right QUESTION.
What do
you want?

VS

What makes you feel
most appreciated?
WHEN ASKED

“what do you want”
employees always say
WHEN ASKED

“what makes you feel most appreciated?”
the answer significantly changes.
THE MAJORITY
of employees say that an
awards-based recognition
program would cause
longer lasting feelings of
appreciation than its
cash equivalent.
WHEN ENCOURAGED
TO FOCUS ON THE
APPRECIATION
EXPERIENCE,
many employees acknowledged
several limitations of cash as a
recognition item.
TOP 4 REASONS WHY PEOPLE CHOOSE AN

award-based recognition program:

1

See the item and remember
the experience

42%
TOP 4 REASONS WHY PEOPLE CHOOSE AN

award-based recognition program:

1

See the item and remember
the experience

42%

2

Cash is spent quickly
and forgotten

22%
TOP 4 REASONS WHY PEOPLE CHOOSE AN

award-based recognition program:

1

See the item and remember
the experience

42%

3 The item will be around
longer than cash

21%

2

Cash is spent quickly
and forgotten

22%
TOP 4 REASONS WHY PEOPLE CHOOSE AN

award-based recognition program:

1

See the item and remember
the experience

42%

3 The item will be around
longer than cash

21%

2

Cash is spent quickly
and forgotten

22%

4 Cash is spent on
everyday items

19%
I THINK MORE OF AN OBJECT IS
GOING TO REMIND YOU,

that’s my hard work.
That’s what I got.
YOU GET CASH AND YOU’RE JUST
GOING TO BLOW IT AWAY.

— JOHN, Focus Group Participant
THE PROBLEM WITH CASH:
1

Cash is spent on non-award
item (groceries, bills etc)

2 Cash is spent quickly and
then forgotten
3 Cash is impersonal
I’D USE IT TO PAY BILLS.

I do think a gift is better.
— GENENE, Focus Group Participant
WHEN EMPLOYEES ARE ASKED TO DESCRIBE
THE IDEAL RECOGNITION PROGRAM...

57%
21%

included a
cash reward

included an
award item
DESPITE THERE BEING STRONG
CONSUMER PREFERENCE FOR CASH,

it is unlikely to make
an employee feel
appreciated as
effectively as an
award item.
APPRECIATE GREAT WORK

Source: The Cicero Group: Optimizing Employee Recognition Programs

CONTACT US »
How to Create an Effective Award Strategy

Mais conteúdo relacionado

Destaque

A Better Way to Attract, Engage and Retain Talent
A Better Way to Attract, Engage and Retain Talent A Better Way to Attract, Engage and Retain Talent
A Better Way to Attract, Engage and Retain Talent N. Robert Johnson, APR
 
Helping the LatinGRAMMYs Reach a Global Audience
Helping the LatinGRAMMYs Reach a Global Audience Helping the LatinGRAMMYs Reach a Global Audience
Helping the LatinGRAMMYs Reach a Global Audience Achieve Internet
 
Performance Accelerated
Performance AcceleratedPerformance Accelerated
Performance AcceleratedO.C. Tanner
 
6 Keys to a successful recognition programme
6 Keys to a successful recognition programme6 Keys to a successful recognition programme
6 Keys to a successful recognition programmeIyer Subramanian
 
Know Your Award Shows
Know Your Award ShowsKnow Your Award Shows
Know Your Award Showshappygrc
 
Algunas aplicaciones de Photoshop
Algunas aplicaciones de PhotoshopAlgunas aplicaciones de Photoshop
Algunas aplicaciones de PhotoshopDavidspi8a
 
Writing effective award nominations March 2011
Writing effective award nominations March 2011Writing effective award nominations March 2011
Writing effective award nominations March 2011ABScotland
 
Governor Salceda Presentation during the Forum on “Partnerships for Disaster ...
Governor Salceda Presentation during the Forum on “Partnerships for Disaster ...Governor Salceda Presentation during the Forum on “Partnerships for Disaster ...
Governor Salceda Presentation during the Forum on “Partnerships for Disaster ...Zaldy Santillan
 
GLPR Report V1.1 - Executive Summary
GLPR Report  V1.1 - Executive SummaryGLPR Report  V1.1 - Executive Summary
GLPR Report V1.1 - Executive SummaryKent Verlik
 
The (In)significance of the Brand: Brands and Music Culture
The (In)significance of the Brand: Brands and Music CultureThe (In)significance of the Brand: Brands and Music Culture
The (In)significance of the Brand: Brands and Music CultureLorenz Grünewald
 
How to write an Executive Summary
How to write an Executive SummaryHow to write an Executive Summary
How to write an Executive SummaryPress42
 
Executivesummary Pton12 08
Executivesummary Pton12 08Executivesummary Pton12 08
Executivesummary Pton12 08sabyberry
 
Executive Summary: how to write
Executive Summary: how to writeExecutive Summary: how to write
Executive Summary: how to writeAna Thompson
 
Executive Summary Tips (2016)
Executive Summary Tips (2016)Executive Summary Tips (2016)
Executive Summary Tips (2016)Atiqa khan
 
A bluffer’s guide to writing an awards paper
A bluffer’s guide to writing an awards paperA bluffer’s guide to writing an awards paper
A bluffer’s guide to writing an awards paperOpen Strategy
 
How to write an Executive Summary for your Business Plan
How to write an Executive Summary for your Business PlanHow to write an Executive Summary for your Business Plan
How to write an Executive Summary for your Business PlanAbhilash Ravishankar
 

Destaque (20)

A Better Way to Attract, Engage and Retain Talent
A Better Way to Attract, Engage and Retain Talent A Better Way to Attract, Engage and Retain Talent
A Better Way to Attract, Engage and Retain Talent
 
Helping the LatinGRAMMYs Reach a Global Audience
Helping the LatinGRAMMYs Reach a Global Audience Helping the LatinGRAMMYs Reach a Global Audience
Helping the LatinGRAMMYs Reach a Global Audience
 
2013 City Employee Recognition
2013 City Employee Recognition2013 City Employee Recognition
2013 City Employee Recognition
 
Performance Accelerated
Performance AcceleratedPerformance Accelerated
Performance Accelerated
 
6 Keys to a successful recognition programme
6 Keys to a successful recognition programme6 Keys to a successful recognition programme
6 Keys to a successful recognition programme
 
Know Your Award Shows
Know Your Award ShowsKnow Your Award Shows
Know Your Award Shows
 
IIfa awards 2014
IIfa awards 2014IIfa awards 2014
IIfa awards 2014
 
INDIAN WRITER: CHETAN BHAGAT
INDIAN WRITER: CHETAN BHAGATINDIAN WRITER: CHETAN BHAGAT
INDIAN WRITER: CHETAN BHAGAT
 
Algunas aplicaciones de Photoshop
Algunas aplicaciones de PhotoshopAlgunas aplicaciones de Photoshop
Algunas aplicaciones de Photoshop
 
Writing effective award nominations March 2011
Writing effective award nominations March 2011Writing effective award nominations March 2011
Writing effective award nominations March 2011
 
Governor Salceda Presentation during the Forum on “Partnerships for Disaster ...
Governor Salceda Presentation during the Forum on “Partnerships for Disaster ...Governor Salceda Presentation during the Forum on “Partnerships for Disaster ...
Governor Salceda Presentation during the Forum on “Partnerships for Disaster ...
 
GLPR Report V1.1 - Executive Summary
GLPR Report  V1.1 - Executive SummaryGLPR Report  V1.1 - Executive Summary
GLPR Report V1.1 - Executive Summary
 
The (In)significance of the Brand: Brands and Music Culture
The (In)significance of the Brand: Brands and Music CultureThe (In)significance of the Brand: Brands and Music Culture
The (In)significance of the Brand: Brands and Music Culture
 
How to write an Executive Summary
How to write an Executive SummaryHow to write an Executive Summary
How to write an Executive Summary
 
Executivesummary Pton12 08
Executivesummary Pton12 08Executivesummary Pton12 08
Executivesummary Pton12 08
 
Executive Summary: how to write
Executive Summary: how to writeExecutive Summary: how to write
Executive Summary: how to write
 
Executive Summary Tips (2016)
Executive Summary Tips (2016)Executive Summary Tips (2016)
Executive Summary Tips (2016)
 
A bluffer’s guide to writing an awards paper
A bluffer’s guide to writing an awards paperA bluffer’s guide to writing an awards paper
A bluffer’s guide to writing an awards paper
 
How to write an Executive Summary for your Business Plan
How to write an Executive Summary for your Business PlanHow to write an Executive Summary for your Business Plan
How to write an Executive Summary for your Business Plan
 
MIMAROPA (Region 4B)
MIMAROPA (Region 4B)MIMAROPA (Region 4B)
MIMAROPA (Region 4B)
 

Semelhante a How to Create an Effective Award Strategy

Creatingeffectiveawardstrategy 140305144522-phpapp02
Creatingeffectiveawardstrategy 140305144522-phpapp02Creatingeffectiveawardstrategy 140305144522-phpapp02
Creatingeffectiveawardstrategy 140305144522-phpapp02Nitish Bhardwaj
 
Creatingeffectiveawardstrategy 140305144522-phpapp02
Creatingeffectiveawardstrategy 140305144522-phpapp02Creatingeffectiveawardstrategy 140305144522-phpapp02
Creatingeffectiveawardstrategy 140305144522-phpapp02Nitish Bhardwaj
 
Creatingeffectiveawardstrategy 140305144522-phpapp02
Creatingeffectiveawardstrategy 140305144522-phpapp02Creatingeffectiveawardstrategy 140305144522-phpapp02
Creatingeffectiveawardstrategy 140305144522-phpapp02Nitish Bhardwaj
 
Creatingeffectiveawardstrategy 140305144522-phpapp02
Creatingeffectiveawardstrategy 140305144522-phpapp02Creatingeffectiveawardstrategy 140305144522-phpapp02
Creatingeffectiveawardstrategy 140305144522-phpapp02Nitish Bhardwaj
 
Employee Rewards Programs: The Formula for Successful Rewards
Employee Rewards Programs: The Formula for Successful RewardsEmployee Rewards Programs: The Formula for Successful Rewards
Employee Rewards Programs: The Formula for Successful RewardsTom Daly
 
Research Report_Mar2016
Research Report_Mar2016Research Report_Mar2016
Research Report_Mar2016Bill Alexander
 
Rewards And Recognition
Rewards And RecognitionRewards And Recognition
Rewards And Recognitionrajeevgupta
 
11 leaders guide to motivate peopleat work
11 leaders guide to motivate peopleat work11 leaders guide to motivate peopleat work
11 leaders guide to motivate peopleat workHylton Upshon
 
Oh God, Not Another Survey: Building Extraordinary Teams and Improving Processes
Oh God, Not Another Survey: Building Extraordinary Teams and Improving ProcessesOh God, Not Another Survey: Building Extraordinary Teams and Improving Processes
Oh God, Not Another Survey: Building Extraordinary Teams and Improving ProcessesBrian Pichman
 
Rewards and-recognition-1207897261939764-8
Rewards and-recognition-1207897261939764-8Rewards and-recognition-1207897261939764-8
Rewards and-recognition-1207897261939764-8shahzad10
 
Employee-Engagement-Made-Easy
Employee-Engagement-Made-EasyEmployee-Engagement-Made-Easy
Employee-Engagement-Made-EasyGlenn Hastie
 
#FIRMday Manchester 9th March 2017 - Broadbean: Social Referral Presentation
#FIRMday Manchester 9th March 2017 - Broadbean: Social Referral Presentation#FIRMday Manchester 9th March 2017 - Broadbean: Social Referral Presentation
#FIRMday Manchester 9th March 2017 - Broadbean: Social Referral PresentationEmma Mirrington
 
Internship project - The effects of Rewards and Recognition on employees in i...
Internship project - The effects of Rewards and Recognition on employees in i...Internship project - The effects of Rewards and Recognition on employees in i...
Internship project - The effects of Rewards and Recognition on employees in i...Chandan Bhosale
 
Loyalty Programs: Going Beyond Transactional Rewards
Loyalty Programs: Going Beyond Transactional RewardsLoyalty Programs: Going Beyond Transactional Rewards
Loyalty Programs: Going Beyond Transactional RewardsVivastream
 
Benefits Survey - Employee Attitudes
Benefits Survey - Employee AttitudesBenefits Survey - Employee Attitudes
Benefits Survey - Employee AttitudesNiomi Cowling
 
RC Training
RC TrainingRC Training
RC TrainingCLILR
 

Semelhante a How to Create an Effective Award Strategy (20)

Creatingeffectiveawardstrategy 140305144522-phpapp02
Creatingeffectiveawardstrategy 140305144522-phpapp02Creatingeffectiveawardstrategy 140305144522-phpapp02
Creatingeffectiveawardstrategy 140305144522-phpapp02
 
Creatingeffectiveawardstrategy 140305144522-phpapp02
Creatingeffectiveawardstrategy 140305144522-phpapp02Creatingeffectiveawardstrategy 140305144522-phpapp02
Creatingeffectiveawardstrategy 140305144522-phpapp02
 
Creatingeffectiveawardstrategy 140305144522-phpapp02
Creatingeffectiveawardstrategy 140305144522-phpapp02Creatingeffectiveawardstrategy 140305144522-phpapp02
Creatingeffectiveawardstrategy 140305144522-phpapp02
 
Creatingeffectiveawardstrategy 140305144522-phpapp02
Creatingeffectiveawardstrategy 140305144522-phpapp02Creatingeffectiveawardstrategy 140305144522-phpapp02
Creatingeffectiveawardstrategy 140305144522-phpapp02
 
Employee Rewards Programs: The Formula for Successful Rewards
Employee Rewards Programs: The Formula for Successful RewardsEmployee Rewards Programs: The Formula for Successful Rewards
Employee Rewards Programs: The Formula for Successful Rewards
 
The Rewards Report March 2016
The Rewards Report March 2016The Rewards Report March 2016
The Rewards Report March 2016
 
Research Report_Mar2016
Research Report_Mar2016Research Report_Mar2016
Research Report_Mar2016
 
Rewards And Recognition
Rewards And RecognitionRewards And Recognition
Rewards And Recognition
 
11 leaders guide to motivate peopleat work
11 leaders guide to motivate peopleat work11 leaders guide to motivate peopleat work
11 leaders guide to motivate peopleat work
 
Oh God, Not Another Survey: Building Extraordinary Teams and Improving Processes
Oh God, Not Another Survey: Building Extraordinary Teams and Improving ProcessesOh God, Not Another Survey: Building Extraordinary Teams and Improving Processes
Oh God, Not Another Survey: Building Extraordinary Teams and Improving Processes
 
Rewards and-recognition-1207897261939764-8
Rewards and-recognition-1207897261939764-8Rewards and-recognition-1207897261939764-8
Rewards and-recognition-1207897261939764-8
 
Erp[1]
Erp[1]Erp[1]
Erp[1]
 
Employee-Engagement-Made-Easy
Employee-Engagement-Made-EasyEmployee-Engagement-Made-Easy
Employee-Engagement-Made-Easy
 
#FIRMday Manchester 9th March 2017 - Broadbean: Social Referral Presentation
#FIRMday Manchester 9th March 2017 - Broadbean: Social Referral Presentation#FIRMday Manchester 9th March 2017 - Broadbean: Social Referral Presentation
#FIRMday Manchester 9th March 2017 - Broadbean: Social Referral Presentation
 
Internship project - The effects of Rewards and Recognition on employees in i...
Internship project - The effects of Rewards and Recognition on employees in i...Internship project - The effects of Rewards and Recognition on employees in i...
Internship project - The effects of Rewards and Recognition on employees in i...
 
Loyalty Programs: Going Beyond Transactional Rewards
Loyalty Programs: Going Beyond Transactional RewardsLoyalty Programs: Going Beyond Transactional Rewards
Loyalty Programs: Going Beyond Transactional Rewards
 
Benefits Survey - Employee Attitudes
Benefits Survey - Employee AttitudesBenefits Survey - Employee Attitudes
Benefits Survey - Employee Attitudes
 
Non cashreward
Non cashrewardNon cashreward
Non cashreward
 
RC Training
RC TrainingRC Training
RC Training
 
Alex Allion
Alex AllionAlex Allion
Alex Allion
 

Mais de O.C. Tanner

Brands with Purpose
Brands with PurposeBrands with Purpose
Brands with PurposeO.C. Tanner
 
7 Questions Executives Want Answered Before Investing in Employee Recognition
7 Questions Executives Want Answered Before Investing in Employee Recognition7 Questions Executives Want Answered Before Investing in Employee Recognition
7 Questions Executives Want Answered Before Investing in Employee RecognitionO.C. Tanner
 
Appreciation Inspiration: Tips, Quotes, and Insights for Celebrating Employee...
Appreciation Inspiration: Tips, Quotes, and Insights for Celebrating Employee...Appreciation Inspiration: Tips, Quotes, and Insights for Celebrating Employee...
Appreciation Inspiration: Tips, Quotes, and Insights for Celebrating Employee...O.C. Tanner
 
A Call to Greatness: Why Chasing Employee Engagement is Thinking Too Small
A Call to Greatness: Why Chasing Employee Engagement is Thinking Too SmallA Call to Greatness: Why Chasing Employee Engagement is Thinking Too Small
A Call to Greatness: Why Chasing Employee Engagement is Thinking Too SmallO.C. Tanner
 
7 Key Insights From HR Tech 2016
7 Key Insights From HR Tech 20167 Key Insights From HR Tech 2016
7 Key Insights From HR Tech 2016O.C. Tanner
 
The Journey to Cultural Greatness
The Journey to Cultural GreatnessThe Journey to Cultural Greatness
The Journey to Cultural GreatnessO.C. Tanner
 
The Millennial Effect on Employee Engagement
The Millennial Effect on Employee EngagementThe Millennial Effect on Employee Engagement
The Millennial Effect on Employee EngagementO.C. Tanner
 
SHRM Conference 2016: 7 Key Insights
SHRM Conference 2016: 7 Key InsightsSHRM Conference 2016: 7 Key Insights
SHRM Conference 2016: 7 Key InsightsO.C. Tanner
 
The Roadmap to Great Work
The Roadmap to Great WorkThe Roadmap to Great Work
The Roadmap to Great WorkO.C. Tanner
 
The Importance of National Hospital Week
The Importance of National Hospital WeekThe Importance of National Hospital Week
The Importance of National Hospital WeekO.C. Tanner
 
How to Make Friends at Work
How to Make Friends at WorkHow to Make Friends at Work
How to Make Friends at WorkO.C. Tanner
 
The Positive Effects of Relationships at Work
The Positive Effects of Relationships at WorkThe Positive Effects of Relationships at Work
The Positive Effects of Relationships at WorkO.C. Tanner
 
10 Best Practices of a Best Company to Work For
10 Best Practices of a Best Company to Work For10 Best Practices of a Best Company to Work For
10 Best Practices of a Best Company to Work ForO.C. Tanner
 
Your Mission: Become a Recognition Hero
Your Mission: Become a Recognition HeroYour Mission: Become a Recognition Hero
Your Mission: Become a Recognition HeroO.C. Tanner
 
The Evolution of Recognition
The Evolution of RecognitionThe Evolution of Recognition
The Evolution of RecognitionO.C. Tanner
 
12 Inspirational Quotes to Start the Year Off Right
12 Inspirational Quotes to Start the Year Off Right12 Inspirational Quotes to Start the Year Off Right
12 Inspirational Quotes to Start the Year Off RightO.C. Tanner
 
How to Build an Authentic, Winning Culture
How to Build an Authentic, Winning CultureHow to Build an Authentic, Winning Culture
How to Build an Authentic, Winning CultureO.C. Tanner
 
12 Resolutions for a Great Year at Work
12 Resolutions for a Great Year at Work12 Resolutions for a Great Year at Work
12 Resolutions for a Great Year at WorkO.C. Tanner
 
What Will the Performance Review Look Like in 2016?
What Will the Performance Review Look Like in 2016?What Will the Performance Review Look Like in 2016?
What Will the Performance Review Look Like in 2016?O.C. Tanner
 
4 Reasons Leadership Development Fails
4 Reasons Leadership Development Fails4 Reasons Leadership Development Fails
4 Reasons Leadership Development FailsO.C. Tanner
 

Mais de O.C. Tanner (20)

Brands with Purpose
Brands with PurposeBrands with Purpose
Brands with Purpose
 
7 Questions Executives Want Answered Before Investing in Employee Recognition
7 Questions Executives Want Answered Before Investing in Employee Recognition7 Questions Executives Want Answered Before Investing in Employee Recognition
7 Questions Executives Want Answered Before Investing in Employee Recognition
 
Appreciation Inspiration: Tips, Quotes, and Insights for Celebrating Employee...
Appreciation Inspiration: Tips, Quotes, and Insights for Celebrating Employee...Appreciation Inspiration: Tips, Quotes, and Insights for Celebrating Employee...
Appreciation Inspiration: Tips, Quotes, and Insights for Celebrating Employee...
 
A Call to Greatness: Why Chasing Employee Engagement is Thinking Too Small
A Call to Greatness: Why Chasing Employee Engagement is Thinking Too SmallA Call to Greatness: Why Chasing Employee Engagement is Thinking Too Small
A Call to Greatness: Why Chasing Employee Engagement is Thinking Too Small
 
7 Key Insights From HR Tech 2016
7 Key Insights From HR Tech 20167 Key Insights From HR Tech 2016
7 Key Insights From HR Tech 2016
 
The Journey to Cultural Greatness
The Journey to Cultural GreatnessThe Journey to Cultural Greatness
The Journey to Cultural Greatness
 
The Millennial Effect on Employee Engagement
The Millennial Effect on Employee EngagementThe Millennial Effect on Employee Engagement
The Millennial Effect on Employee Engagement
 
SHRM Conference 2016: 7 Key Insights
SHRM Conference 2016: 7 Key InsightsSHRM Conference 2016: 7 Key Insights
SHRM Conference 2016: 7 Key Insights
 
The Roadmap to Great Work
The Roadmap to Great WorkThe Roadmap to Great Work
The Roadmap to Great Work
 
The Importance of National Hospital Week
The Importance of National Hospital WeekThe Importance of National Hospital Week
The Importance of National Hospital Week
 
How to Make Friends at Work
How to Make Friends at WorkHow to Make Friends at Work
How to Make Friends at Work
 
The Positive Effects of Relationships at Work
The Positive Effects of Relationships at WorkThe Positive Effects of Relationships at Work
The Positive Effects of Relationships at Work
 
10 Best Practices of a Best Company to Work For
10 Best Practices of a Best Company to Work For10 Best Practices of a Best Company to Work For
10 Best Practices of a Best Company to Work For
 
Your Mission: Become a Recognition Hero
Your Mission: Become a Recognition HeroYour Mission: Become a Recognition Hero
Your Mission: Become a Recognition Hero
 
The Evolution of Recognition
The Evolution of RecognitionThe Evolution of Recognition
The Evolution of Recognition
 
12 Inspirational Quotes to Start the Year Off Right
12 Inspirational Quotes to Start the Year Off Right12 Inspirational Quotes to Start the Year Off Right
12 Inspirational Quotes to Start the Year Off Right
 
How to Build an Authentic, Winning Culture
How to Build an Authentic, Winning CultureHow to Build an Authentic, Winning Culture
How to Build an Authentic, Winning Culture
 
12 Resolutions for a Great Year at Work
12 Resolutions for a Great Year at Work12 Resolutions for a Great Year at Work
12 Resolutions for a Great Year at Work
 
What Will the Performance Review Look Like in 2016?
What Will the Performance Review Look Like in 2016?What Will the Performance Review Look Like in 2016?
What Will the Performance Review Look Like in 2016?
 
4 Reasons Leadership Development Fails
4 Reasons Leadership Development Fails4 Reasons Leadership Development Fails
4 Reasons Leadership Development Fails
 

Último

Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsyasinnathani
 
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdfAMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdfJohnCarloValencia4
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access
 
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)tazeenaila12
 
The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003
The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003
The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003believeminhh
 
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISINGUNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISINGlokeshwarmaha
 
7movierulz.uk
7movierulz.uk7movierulz.uk
7movierulz.ukaroemirsr
 
Entrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsEntrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsP&CO
 
Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Lviv Startup Club
 
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John MeulemansBCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John MeulemansBBPMedia1
 
Intellectual Property Licensing Examples
Intellectual Property Licensing ExamplesIntellectual Property Licensing Examples
Intellectual Property Licensing Examplesamberjiles31
 
Project Brief & Information Architecture Report
Project Brief & Information Architecture ReportProject Brief & Information Architecture Report
Project Brief & Information Architecture Reportamberjiles31
 
Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Winbusinessin
 
Anyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agencyAnyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agencyHanna Klim
 
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdfGraham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdfAnhNguyen97152
 
Developing Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursDeveloping Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursKaiNexus
 
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxCracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxWorkforce Group
 
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfChicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfSourav Sikder
 
To Create Your Own Wig Online To Create Your Own Wig Online
To Create Your Own Wig Online  To Create Your Own Wig OnlineTo Create Your Own Wig Online  To Create Your Own Wig Online
To Create Your Own Wig Online To Create Your Own Wig Onlinelng ths
 

Último (20)

Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story points
 
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdfAMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
AMAZON SELLER VIRTUAL ASSISTANT PRODUCT RESEARCH .pdf
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024
 
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
 
The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003
The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003
The Vietnam Believer Newsletter_MARCH 25, 2024_EN_Vol. 003
 
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISINGUNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
 
7movierulz.uk
7movierulz.uk7movierulz.uk
7movierulz.uk
 
Investment Opportunity for Thailand's Automotive & EV Industries
Investment Opportunity for Thailand's Automotive & EV IndustriesInvestment Opportunity for Thailand's Automotive & EV Industries
Investment Opportunity for Thailand's Automotive & EV Industries
 
Entrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsEntrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizations
 
Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)
 
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John MeulemansBCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
 
Intellectual Property Licensing Examples
Intellectual Property Licensing ExamplesIntellectual Property Licensing Examples
Intellectual Property Licensing Examples
 
Project Brief & Information Architecture Report
Project Brief & Information Architecture ReportProject Brief & Information Architecture Report
Project Brief & Information Architecture Report
 
Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024
 
Anyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agencyAnyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agency
 
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdfGraham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdf
 
Developing Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursDeveloping Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, Ours
 
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxCracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
 
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfChicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
 
To Create Your Own Wig Online To Create Your Own Wig Online
To Create Your Own Wig Online  To Create Your Own Wig OnlineTo Create Your Own Wig Online  To Create Your Own Wig Online
To Create Your Own Wig Online To Create Your Own Wig Online
 

How to Create an Effective Award Strategy

  • 2. ORGANIZATIONS LOOKING TO ATTRACT AND retain top talent can no longer rely on simply increasing employee compensation and offering cash bonuses.
  • 3. In fact, employers can overcome this challenge by implementing an EFFECTIVE awards STRATEGY in their recognition programs.
  • 4. BUT... how do you determine which elements of an awards strategy can help in increasing employee engagement and company loyalty? Research from The Cicero Group commissioned by The O.C. Tanner Institute uncovered surprising findings.
  • 5. WE SHOULD START BY ASKING THE right QUESTION.
  • 6. What do you want? VS What makes you feel most appreciated?
  • 7. WHEN ASKED “what do you want” employees always say
  • 8. WHEN ASKED “what makes you feel most appreciated?” the answer significantly changes.
  • 9. THE MAJORITY of employees say that an awards-based recognition program would cause longer lasting feelings of appreciation than its cash equivalent.
  • 10. WHEN ENCOURAGED TO FOCUS ON THE APPRECIATION EXPERIENCE, many employees acknowledged several limitations of cash as a recognition item.
  • 11. TOP 4 REASONS WHY PEOPLE CHOOSE AN award-based recognition program: 1 See the item and remember the experience 42%
  • 12. TOP 4 REASONS WHY PEOPLE CHOOSE AN award-based recognition program: 1 See the item and remember the experience 42% 2 Cash is spent quickly and forgotten 22%
  • 13. TOP 4 REASONS WHY PEOPLE CHOOSE AN award-based recognition program: 1 See the item and remember the experience 42% 3 The item will be around longer than cash 21% 2 Cash is spent quickly and forgotten 22%
  • 14. TOP 4 REASONS WHY PEOPLE CHOOSE AN award-based recognition program: 1 See the item and remember the experience 42% 3 The item will be around longer than cash 21% 2 Cash is spent quickly and forgotten 22% 4 Cash is spent on everyday items 19%
  • 15. I THINK MORE OF AN OBJECT IS GOING TO REMIND YOU, that’s my hard work. That’s what I got. YOU GET CASH AND YOU’RE JUST GOING TO BLOW IT AWAY. — JOHN, Focus Group Participant
  • 16. THE PROBLEM WITH CASH: 1 Cash is spent on non-award item (groceries, bills etc) 2 Cash is spent quickly and then forgotten 3 Cash is impersonal
  • 17. I’D USE IT TO PAY BILLS. I do think a gift is better. — GENENE, Focus Group Participant
  • 18. WHEN EMPLOYEES ARE ASKED TO DESCRIBE THE IDEAL RECOGNITION PROGRAM... 57% 21% included a cash reward included an award item
  • 19. DESPITE THERE BEING STRONG CONSUMER PREFERENCE FOR CASH, it is unlikely to make an employee feel appreciated as effectively as an award item.
  • 20. APPRECIATE GREAT WORK Source: The Cicero Group: Optimizing Employee Recognition Programs CONTACT US »