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HR Leaders
Top 5 Recognition Program Fails You're Probably Making Right Now
Aug 30, 2024
Join Jeff Cates, CEO of Achievers, who emphasizes the transformative impact of recognition in the workplace. He reveals how focusing on meaningful, frequent acknowledgment can shift company culture away from outdated monetary rewards. Jeff discusses leveraging data to improve employee engagement and retention, and how generative AI can craft bias-free recognition messages. He also highlights the importance of personalizing recognition for individual preferences and the crucial role of emotional connections over financial incentives.
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Quick takeaways
- Frequent and meaningful recognition drives culture change more effectively than traditional monetary rewards, fostering employee engagement and satisfaction.
- Leveraging data and technology helps organizations enhance recognition practices, leading to improved employee retention and reduced attrition rates.
Deep dives
The Importance of Frequent Recognition
Organizations can benefit greatly by prioritizing recognition over traditional reward systems, creating a cultural flywheel effect. When employees are recognized close to the moment for actions aligned with company values, it fosters a collective understanding of how the organization operates. This shift leads to positive culture change, as daily acknowledgments affirm expectations and behaviors rather than placing emphasis on infrequent, monetary rewards. Ultimately, a consistent recognition practice can shift organizational ethos to one where employees feel valued and engaged.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode