Companies who implement recognition strategies throughout their organization yield higher performance, retention, and safety levels versus those using other forms of incentives. The IRS sees the value of employee recognition and makes specific allowances for deductions. Employee recognition awards that involve money are taxable, both as income for the employee and as compensation for the employer. …
Preventing Workplace Burnout Burnout is common in the workplace, but it doesn’t have to be inevitable. Defined as “response to chronic emotional and interpersonal stressors within the workplace,” it can lead to staff turnover, low morale, increased costs, and reduced productivity. Although many companies think of burnout as a personal issue, the Harvard Business Review …
Expect to lose 54% of your employees in the next year. Wow – 54%! Do you really know if your employees are going to stick with you through the next year? Business today is competitive; I would hate to see your organization operate like a broken vacuum cleaner – sucking up employees and then spitting …
Creating a recognition program is simple. Be creative. Have fun – make it a party! It is a celebration of success. Enjoy it. A recognition program is an important and effective tool for motivation. Effective motivation enhances the employee’s sense of accomplishment, contribution, involvement, and satisfaction. Motivating and recognizing employees is vital to the development of …