Organizations need to maximize the performance of their current staff, and many are turning to employee recognition programs.
The latest Reward Risk survey from the Chartered Institute of Personnel and Development found that building staff engagement and motivation had replaced attracting talent as the top concern for businesses.
According to the survey, attracting talent was the main concern for human resource personnel over the last two years, but as the economy improves, businesses are finding they need to take a more strategic view of improving performance. Organizations need to maximize the performance of their current staff, and many are turning to employee recognition programs as a way to get workers to buy into total reward offerings and improve engagement.
Fast Company notes that successful employee motivation programs address long-term problems. By aiming to build supportive cultures through the regular recognition of strong performance, organizations can increase employee engagement and motivation. Good recognition programs include feedback that connects workers to the big picture, with the goal of helping them recognize their importance to the final product. Showing appreciation by awarding points enables firms to provide continuous motivation. Allowing employees to select the rewards that are most appealing to them boosts participation and engagement