Employee recognition program

Employee recognition program

• 1.
  Employee Recognition Program Survey Findings
• 2.
  Key Findings  What are the most important workforce management challenges organizations are currently facing?  What are the key HR challenges organizations expect to face in the next three to five years?  How many organizations currently have an employee recognition program?  What are the most common reasons that organizations recognize employees?  Are employee recognition programs challenging to measure?
• 3.
  Do you thinkthat at your organization: Percentage Organizational charts are an accurate indicator of 71% your organization’s leaders and influencers? (n= 491) Annual performance reviews are an accurate 61% appraisal for employees’ work? (n = 435) Employees are rewarded according to their job 56% performance? (n = 406) Managers or supervisors effectively acknowledge and 46% appreciate employees? (n= 331) Employees are satisfied with the level of recognition 31% they receive for doing a good job at work? (n = 223) Note: Analysis excludes “not sure” response. Percentages above reflect respondents who answered “yes” to the question.
• 4.
  Does your organisationhave an Employee Recognition Program? No, 20 Yes No Yes, 80
• 5.
  The Most CommonReasons Organizations Recognize Employees
• 6.
  Percentage of organizationsthat track the ROI of their employee recognition program Comparisons by organization staff size: Larger organizations (2,500 employees and more) are more likely to track the ROI of their employee recognition programs compared with smaller organizations (2,499 employees and fewer). 1-99 employees = 10% Larger organizations > smaller 100-499 employees = 6% 2,500-24,999 employees = 19% organizations 500-2,499 employees = 7% 25,000 and above = 21% Comparisons by organization sector: Publicly owned for-profit organizations are more likely to track the ROI of their employee recognition programs compared with privately owned for-profit and nonprofit organizations. Publicly owned for - profit = 22% Privately owned for – profit = 10% Publicly owned for – profit Non – profit = 7% organisation > privately owned for – profit organisation, non profit organisation
• 7.
  Common challenges organizations experiencein tracking the ROI of employee recognition programs Percentage Metrics of success keep changing, making it impossible to consistently 32% report on ROI The recognition program cannot be linked with our talent management or 32% performance management systems, giving us no insight into how recognition affect key metrics such as a performance improvement or retention The recognition program is not designed to deliver improvement in metrics 22% that our executive leadership (CEO/CFO/COO/CHRO, etc.) finds valuable The recognition program only rewards the ultimate results, but doesn’t 20% take into consideration how those results are achieved (e.g., in line with company values) Only segments of employees are eligible to participate in employee 20% recognition programs (e.g., top performers, select job levels) Don’t know what metrics we should be measuring to prove ROI 15%
• 8.
  HR challenges organizationsanticipate facing in the next three to five years: Very Important Unimportant Very Important Unimportant Employee Engagement 69% 30% 1% 0% Employee Retention 63% 32% 4% 1% Employee Recruitment 53% 43% 3% 0% Culture management (i.e., 51% 45% 4% 0% managing your organisation’s corporate culture) Note: n = 742. Total may not equal 100% due to rounding
• 9.
  Thank You Rashmi Rawat RollNo. 38 PGDSHRM – Contemporary Issues of HR