The document discusses the importance of employee recognition and reward for building productivity. It provides several statistics showing that recognition is the top motivating factor for employees and that most want some form of recognition weekly. However, only a small percentage receive appreciation regularly. It suggests companies should objectively identify accomplishments, determine the value contributed, decide how to reward milestones, communicate recognition clearly, and allow peer recognition, not just from managers. Both cash and non-cash rewards are discussed. Regular, honest recognition in various forms can boost employee self-esteem, engagement and performance without large monetary costs.
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How to Build Productivity Through Reward and Recognition
1. How to Build Productivity Through Reward and Recognition
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2. How to Build Productivity Through Reward and Recognition
Why Focus on
Employee Recognition?
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3. How to Build Productivity Through Reward and Recognition
“Employee recognition is the
number one factor when
motivating employees in
the workplace.” No. 1
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4. How to Build Productivity Through Reward and Recognition
69% of employees would
work harder if they were
better recognized.
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5. How to Build Productivity Through Reward and Recognition
People will improve the
things they’re recognized for
so they can earn even more
recognition.
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6. How to Build Productivity Through Reward and Recognition
of employees find it annoying
when they are not recognized
for the accomplishments
they contribute to the team
and company. 82%
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7. How to Build Productivity Through Reward and Recognition
of employees would leave
their job for a company that
recognizes its employees. 49%
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8. How to Build Productivity Through Reward and Recognition
“People who have high self-esteem . . .
are willing to take intelligent risks because
they have confidence in their ideas
and competence.”
—Nathaniel Branden, author of The Psychology of Self-Esteem
and Self-Esteem@Work
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9. How to Build Productivity Through Reward and Recognition
“Organizations that give regular thanks
to their employees far outperform
those that don’t.” —Josh Bersin
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10. How to Build Productivity Through Reward and Recognition
“Whenever you are recognized and
praised for any accomplishment by
someone whose opinion you hold in high
regard, your self-esteem goes up, along
with your eagerness and enthusiasm to
do even better on the job.”
—Brian Tracy
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11. How to Build Productivity Through Reward and Recognition
Did you know employees
want some form of
recognition every 7 days?
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12. How to Build Productivity Through Reward and Recognition
Yet only 12 percent of
employees say they often
receive appreciation for great
work. 12%
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13. How to Build Productivity Through Reward and Recognition
“Employee recognition isn’t rocket
science – it is an obvious thing to do.”
—Kim Harrison, author
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14. How to Build Productivity Through Reward and Recognition
The workforce is changing.
By 2020, half our workforce
will be millennials. 1/2
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15. How to Build Productivity Through Reward and Recognition
Compensation is still
important, but these days
employees are looking
for more.
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16. How to Build Productivity Through Reward and Recognition
Incentives help engage
employees and organizations.
With higher than average
engaged employees, companies
saw 27 percent higher profits. 27%
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17. How to Build Productivity Through Reward and Recognition
4 basic human drivers that
incentives can tap into:
• The Collector
• The Killer
• The Socializer
• The Explorer
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18. How to Build Productivity Through Reward and Recognition
“What’s absolutely critical…is that the
organization celebrates success. Those
who perform must be recognized. Their
behavior and its results must be
reinforced . . . Give positive feedback to
those responsible for execution success
and making strategy work.”
—Dr Lawrence Hrebiniak,
Professor of Management in the Wharton School
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19. How to Build Productivity Through Reward and Recognition
Actions that align with
company’s goals and strategy.
“Too many CEOs and managers focus on bottom
line results without thinking about how it feels to
slog away and work without anyone saying thanks.”
—Kim Harrison, author
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20. How to Build Productivity Through Reward and Recognition
Big and small wins.
“Regular minor boosts from ordinary activities
can have a cumulative and lasting effect.”
—Harvard Business Review
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21. How to Build Productivity Through Reward and Recognition
Being a team player.
“[Teamwork] is the fuel that allows common
people to attain uncommon results.”
—Andrew Carnegie, American Industrialist & Philanthropist
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22. How to Build Productivity Through Reward and Recognition
Types of recognition people
really want
• 30 percent want opportunity to grow in the company
• 28 percent just want praise
• 24 percent want a reward (money or gift cards)
• 10 percent say no reward is needed
(They now need you to tell them they’re doing a good job)
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23. How to Build Productivity Through Reward and Recognition
Most critical: Give honest
and justified recognition.
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24. How to Build Productivity Through Reward and Recognition
“A person who feels appreciated will
always do more than what is expected.”
—Author Unknown
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25. How to Build Productivity Through Reward and Recognition
So . . . how can you
best reward employees?
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26. How to Build Productivity Through Reward and Recognition
Objectively (and transparently)
identify who deserves reward
and for what
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27. How to Build Productivity Through Reward and Recognition
Figure out how much value the
work contributed
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28. How to Build Productivity Through Reward and Recognition
Decide—as an organization—if you want to
reward only the big wins and successes or
the milestone steps and wins along the way.
But consistency is important.
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29. How to Build Productivity Through Reward and Recognition
Communicate. Communicate.
Communicate.
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30. How to Build Productivity Through Reward and Recognition
Showcase and reward.
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31. How to Build Productivity Through Reward and Recognition
Don’t wait.
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32. How to Build Productivity Through Reward and Recognition
Allowing recognition from
peers, as well as superiors,
goes a long way.
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33. How to Build Productivity Through Reward and Recognition
“Recognition is not only something
executives should do – it should take place
throughout the organization. The research
clearly shows that top-down recognition is
not what makes companies thrive today –
it’s recognition by your peers, the people
you work with every day.”
—Bersin, Forbes
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34. How to Build Productivity Through Reward and Recognition
Not all are about bonuses,
raises, or even cash. 46% of
incentives offered by US
companies are non-cash
incentives. Don’t be afraid
to get creative!
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35. How to Build Productivity Through Reward and Recognition
Ideas to recognize employees
without spending a penny!
• Send a personal note that specifies exactly what the employee did
• Say a sincere “thank you”
• Recognize a job well done in a meeting or applaud
• Send a shout-out around in your company’s private social site
• Mention their success story in a speech or presentation or even newsletter
• Give a long lunch or extra break or “free pass” day
• Arrange for higher manager to stop by and say thanks
• Offer to swap a task with them
• Flex hours or let them work from home
• Create a “Wall of Fame” or special award where you recognize them
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36. How to Build Productivity Through Reward and Recognition
“A true leader . . . takes his or her team
members' accomplishments as a point
of pride, and recognizes that the mark of
a great leader isn't creating followers—
but instead developing other leaders.”
—Bill Murphy Jr., Forbes
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37. How to Build Productivity Through Reward and Recognition
Thank you.
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