The average employee stays in one job for only 4.4 years. -Bureau of Labor and Statistics

The average Gen Y employee stays with one job for only 2 years. - PayScale Human Capital

Does your recognition strategy move the needle for your NEW employees?

.

Working for a purpose is especially important for millennials. – Forbes

How do you infuse purpose into your people?

The top 3 reasons to quit…1. Inadequate compensation2. Inadequate opportunity for advancement3. Insufficient recognition and appreciation - salary.com survey

Are you using employee recognition to deliver the results you need?

By 2020, Generation Y will account for almost half of the workforce.

-UNC Kenan-Flagler Business School

Will your recognition initiatives effectively attract and retain these workers?

.

32% of CEOs invest no time in employee recognition.

- SHRM/Globoforce Employee Recognition Tracker Survey

How is your group insuring top leadership involvement in order to maximize the impact of recognition?

.

The #1 reason people leave their jobs is because they don’t feel appreciated.

- Bureau of Labor

How is your organization leveraging employee recognition to retain the best and brightest?

.

The U.S. job market is the best it has been in a decade.

US Unemployment Rate Drops To 16-Year Low In May – Fortune.com

How do you retain talent?.

68.5% of employees are not engaged at work. -Gallup

What would happen in your business if every employee was engaged?

How can you move toward that goal?.

Employee Recognition for the New Generation

Building a WOW! Recognition Culture

Mike Byam | Author of The WOW! WorkplaceManaging Partner, Terryberry

Building a WOW! Recognition Culture

• Reinforce Value

• Provide Practical Steps

• Share Ideas

• Have Fun!

10

11

Most employees feel adequately recognized at work.

– True

– False

31% of employees are satisfied with recognition they receive.

Only 40% of employees feel adequately recognized by their supervisor.

36% of employees said they haven’t

received any form of recognition in the

last year.

88% of businesses indicate they recognize their employees.

So what?

.

“Rule No. 1: Never lose money; Rule No. 2: Don’t forget Rule No. 1.”

- Warren Buffett

The #1 Driver of Engagement isThe #1 Driver of Engagement is Recognition.

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PERIOD 35) X X X X X X

4) X X X X X X

3) X X X X X X

2) X X X X X X

1) X X X X X XCredit for the work they do 1

Interest in work 2

Fair pay with salary increase 3

Understanding & appreciation 4

Promotion on merits 5

Areas of job satisfaction most often linked to employee motivation - The AMA

Recognition ROI

Cost to replace an employee estimated at 50% of salary(cost of turnover ranges from 20% on the low side to 213% for highly skilled employees)

Organizations with recognition programs have 23.4% less turnover than those without

Example Case Study:

• 500 employees• $50,000 average salary• 20% turnover

23 fewer employees annually lost to turnover$585,000 saved annually in turnover costs

www.terryberry.com/roi-calculator

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Step 1: It starts with a Mission.

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.

Recognition Aligns Employees with a Shared Mission

"When you’re surrounded by people who share a passionate commitment around a common purpose, anything is possible." - Howard Schultz, Starbucks

What is your shared purpose?

Mission Organizational Objectives

Attitudes, Behaviors,

Contributions(ABCs)

Recognition without purpose is empty.

Recognition with a mission moves people.

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27

Senior leaders believe what percentage of

their employees are recognized monthly?

– 25%

– 42%

– 63%

– 80%

28

Senior Leaders

ManagersIndividual

Contributors

“What percentage of employees do you believe are recognized monthly?”

22%40%80%

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29

STEP 2: Include

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30 30

Contributions toward team goals(Manager-driven)

Individual attitudes & behaviors that support core values

(Peer-driven)

Achievement of organizational objectives(Leadership-driven)

31 31

Formal

Structured recognition for defined criteria

Significant awards for significant achievements

Informal

Casual structure with defined criteria

Symbolic or low-cost awardsDay-to-Day

Personal Interactions

Non-monetary

STEP 3: Communicate

Recognition that is too frequent will lose its impact.

- True

- False

Recognition Drives Engagement

Engagement Level

35% increase

Daily Telegraph, Findings of David Brown, Director of Hewitt Associates

20% increase

Give a Meaningful Presentation

Timely

Aligned with core values

Specific

Document itWhat is recorded is remembered

Record it in accessible Personal Recognition Profile

Reinforce it through social praise

Remind recipients on milestones

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STEP 4: Measure

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Only 36% of HR Pros feel they have useful measures of their employee recognition programs.

Less than 15% of organizations use analytics technology in their recognition program.

- Terryberry Employee Engagement Whitepaper

43% of Best-in-Class organizations have access to metrics on recognition efforts.

- Aberdeen Group Report

What Can You Measure?

• Employee Engagement/Participation• Employee Performance• Department Engagement/Participation• Department Performance• Recognition Trending Year over Year• Turnover Rates• Performance Toward Top Level Objectives• Core Value Adoption

Building a WOW! Recognition Culture

• Reinforce Value

• Provide Practical Steps

• Share Ideas

• Have Fun!

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QUESTION & ANSWER SESSION

To learn about Terryberry’s recognition programs & services, visit www.terryberry.com

For specific questions, contact Mike Byam: m.byam@terryberry.com

The WOW! Workplace by Mike Byam

Employee Recognition Training for managers, leaders, and etc.

Onsite Classes

Speaking Engagements

Webinars

Learn more www.terryberry.com/recognition-university

Free Educational Webinars

Best Practices in Employee Recognition

R E G I S T E R T O D A Ywww.terryberry.com/webinars

Most webinars are pre-approved for HRCI, WorldatWork and SHRM recertification credits