HiFives Industry Best Practices in HR Management covers major topics in HR related to employee rewards and recognition, employee engagement, organizational culture and many more.
Employee Rewards and Recognition
Taking a balanced view of things; while in the short run it might make sense to go ahead and build your own employee rewards and recognition tool especially if you have the available resources, but in the long run, it might not turn out to be such a wise investment.
Recognizing employees for their contribution towards community service goes to show that the organization too cares for the greater good of society and encourages its employees to be directly involved in such initiatives. This goes one step beyond just contributing financially to agencies who work with social causes.
Overall, it does seem that digitization of the employee rewards and recognition program adds much more than what it takes away. There is no reason to believe that it would reduce the personal touch. It will improve the timeliness and spread of the communication vastly, creating a far higher level of satisfaction for the employee when one compares it with the traditional method of communication and distribution of employee rewards. I
Deciding on the types of awards to include and the criteria for each of them are the critical aspects of designing the employee rewards and recognition program of an organization. The types of awards chosen should reflect the objectives of the program.
The above points can help organizations in driving business productivity and quality through employee engagement to maximize their business growth and profitability, and to stay ahead of the competition.
In today’s word, organizations can ill afford not to invest in employee engagement initiatives. Most experts consider it to be one of the most critical contributing factors for ensuring sustained business growth and building competitive advantage.
All said and done, recognition plays an integral part in employee engagement no matter how it is executed. At the end of the day, employees feeling happy is what matters most whether is a pat on the back, a trophy, a shopping voucher or a trip to the Bahamas!
Despite the complexity of employee engagement as a subject, organizations need to learn to master this art. In this context, developing engagement strategies with clear DOs and DON’Ts can help in making the members of the workforce feel naturally motivated and involved within their organization. This can, in turn, will result in improved collaboration and productivity from the employees, leading to greater business results.
Organizational culture can deeply influence critical business metrics such as productivity, employee engagement and commitment. That is why it is important for organizations to work towards developing a great organization culture that matches their business values and objectives.
As the demand for digital workspaces continues to grow, organizations can benefit greatly by considering this guide for building workplace culture in virtual environments for enhancing their profitability and business success.
Building a strong culture of appreciation assures individual employees that they are not only seen and heard but also valued by their employers and peers. This enhances their sense of self-worth and makes them an active contributor in the process of growth and success of the business.
For most professionals today, corporate culture is one of the most important deciding factors for accepting a job opportunity. That is why it is essential for businesses to work towards building an exceptional corporate culture that sets it apart from its competitors and catapults it to new heights of success.
In the near future, organizations should see a big data approach to performance appraisals. It would increase efficiency, reduce bias and the cycle time
Peer feedback can plays a critical role in ensuring effective performance management, if managed properly. It can result in improved employee performance, better goal setting, more accurate training gap identification and successful career planning for the employees and organization.
One of the most important things for managers to remember while delivering negative feedback to employees is to reaffirm their confidence in them. They should then move the discussion in a direction so as to get a positive outcome despite the negative feedback.
Developing an efficient performance management process keeping the above tips in mind can help startups set clear direction, build greater commitment and higher levels of performance from employees.
Other HR Topics
Building a diverse and multicultural workforce is the need of the hour for organizations seeking the path of success in these highly competitive and economically testing times. There are multiple benefits for organizations in creating such a workforce.
Organizations can improve employee retention significantly by implementing a few simple strategies. This can, in turn, impact on the long term growth, productivity, and success of the organization positively.
Using the right strategies to enhance the satisfaction levels of its employees can ensure big benefits for an organization towards developing a loyal customer base that in turn paves the way for exceptional business growth and success.
A well-developed, successfully launched, and efficiently managed employee referral program can help organizations gain easy access to a vast and untapped talent pool of potential candidates and hire them faster and a lower cost.
The HiFives Team has vast experience of partnering with HR professionals from hundreds of organizations across multiple industry verticals and geographies. Based on these extensive interactions, the HiFives Team compiles a list of best practices in HR Management and Technology and write blogs on those topics. Those blogs are then published on the HiFives website. HiFives publishes at least 1-2 blogs every week on various HR related topics. The HiFives Team also write guest blogs for other blog platforms and websites relevant to the community of HR professionals.
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If you are an HR practitioner or an HR blog writer, you can contribute to the HiFives blog as a guest author. You can simply contact us for more details. You can write on any topic in HR related to employee rewards and recognition, employee motivation, talent management, learning and development, organizational culture, performance management and any other topic that may be relevant to our audience of HR professionals across the globe.