The number-one cause of decreased productivity in your workplace is a lack of employee recognition. Employees are disengaging at work. Recent studies show that only 14 percent of employees are "fully engaged" in their work. Employees who are not satisfied with their jobs either quit and move on (which is bad) or quit, don’t tell anyone but themselves, and stay (which is much, much worse). By capturing examples of and recognizing employees for doing the behaviors that bring the strategy to life, a company can transform its work culture and dramatically enhance its bottom line. The problem is, most reward and recognition programs don’t work. These programs fail because they are too exclusive, creating an unhealthy work culture, or are too difficult and expensive to manage.
An employee recognition program can work if it is designed to:
- Help employees to understand the strategy by communicating it in a way that is truly meaningful.
- Establish a performance-mindset that aligns employees’ behaviors and interest with the strategic goals and objectives of the company.
- Capture and share successes proactively, consistently, and cost-effectively, enabling learning experiences of what it takes to do it right!
Truth 9 presents you with a philosophy and approach for building a sustainable strategy alignment and employee recognition program. The approach addresses the challenges stated above and includes a logical approach to budgeting for recognition efforts.