Thought Leadership
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Article
How recognition and rewards impact employee turnover
What is employee recognition? Employee recognition is the timely, informal or formal acknowledgement of a person’s behaviour, effort, or business result that supports the organization’s goals and values, and exceeds his superior’s normal expectations. What is the connection between recognition and turnover? BI WORLDWIDE (BIW) conducted a study on the correlation between employee turnover among employees who are […]
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11 ways to run successful sales SPIFFs
SPIFFs can effectively drive immediate results. How do you make sure you’re getting what you need out of the SPIFFs you run? Let’s take a closer look at what goes into sales SPIFFs – and what you may need to think twice about. 1. Half of the money spent on sales rewards and incentives might be wasted […]
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Article
Linking EVP to Employee Engagement
EVP is the way in which an employee experiences everything about what they have going on with their coworkers, team, boss, leader, and their organization. Those decisions regarding the value proposition are made moment to moment. These moment-to-moment experiences build over time into this cumulative thing called the EVP. Your EVP is also important for […]
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Hedonic vs Non-Hedonic Rewards
What kind of reward is most effective? Do certain rewards work harder and last longer than others? Can a reward motivate or inspire employees to become their very best? The answer is YES. A study by WorldatWork indicated retail gift cards continue to be a popular choice for organizations that use them as employee recognition awards, years […]
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How BIW created a global culture of recognition for IBM
If you asked your employees to share three things you do as an organization to inspire them, what would they say? Inspiration is what moves us beyond the mundane toward the extraordinary. Academicians Todd Thrash and Andrew Elliot developed an Inspiration Index1 and found that inspired people: – We’re more creative – Believed in their own abilities – Had higher self-esteem – […]
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9 sales contest ideas that work
From telecom customer care centres to heavy equipment manufacturers, companies in every industry are running sales incentive programs to inspire sales team and channel partner performance. Standard compensation plans can only do so much – to really increase performance, you need the engagement and motivation that only a well-thought-out, creative sales incentive contest can provide. Paycheques are […]
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How to build an employee recognition program
Generally, organizations think they are doing a good job of engaging and recognizing their employees. BI WORLDWIDE’s (BIW) research tells us that only 52% of employees are recognized in their first year of employment and 35% of new hires are planning to leave in the next 12 months. Those that are recognized are 2.1x more likely to stay. […]
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6 Best Employee Retention Strategies for 2025
A study by Equifax Workforce Solutions showed that 40% of turnover occurs within the first six months of an employee’s job experience. With a talent-mobile workforce, employees have a wider range of potential employers to evaluate than ever before. The Challenge A critical issue that organizations face is how to attract and retain employees. Companies must anticipate […]
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Ways to recognize employees
Building a positive and energized workforce takes more than participation in a company recognition program. It takes attitude and action to support the initiative. Here are 24 fast and fun ideas leaders can use to give employees the recognition they deserve: Learn more about our employee recognition program. Ready to get started? Talk to an […]