High Valued Recognition, Implemented
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Transcript of High Valued Recognition, Implemented
© 2011 Break the Equation | Proprietary and Confidential 1
HIGH VALUED RECOGNITION, IMPLEMENTED
by John E. Smith @BreaknEquations
© 2011 Break the Equation | Proprietary and Confidential 2
About me….
John E. SmithCEO & Chief Evangelist, [email protected]
BreakTheEquation Blogwww.breaktheequation.com @BreaknEquations
Practitioner
20 Years C-Level
Serial Entrepreneur
Corp Culture Expert
Best Place to Work
Inc. 500
Author/Speaker/Consultant
© 2011 Break the Equation | Proprietary and Confidential 3
Recognition? What Is It?
© 2011 Break the Equation | Proprietary and Confidential 4
Recognition, What Its Not!
•Rewards
•Awards
•Compensation
•Competition
•Social Network
© 2011 Break the Equation | Proprietary and Confidential 5
Recognition as an Equation
Great Work || Appreciation || Affirmation Directly Communicated
Recognition =
© 2011 Break the Equation | Proprietary and Confidential 6
Really?
© 2011 Break the Equation | Proprietary and Confidential 7
Recognition
•Gratitude•Appreciation •Confirmation•Acknowledgement•Affirmation
© 2011 Break the Equation | Proprietary and Confidential 8
Elements of Recognition
•Person•Value Level•Impact•Reason•Personal Message
Optional •Core Value / Goal•Incentive•Audience
© 2011 Break the Equation | Proprietary and Confidential 9
Make Recognition of High Value
•Timely•Personal•Specific •Genuine•Context & Story•All & Often•Fun•Leave Them High•…
© 2011 Break the Equation | Proprietary and Confidential 10
Why???
•Loyalty •Performance•Engagement•Growth•Motivation
•Self-Confidence•Self-Awareness
© 2011 Break the Equation | Proprietary and Confidential 11
Results of Effective Recognition Programs
2x
Innovation
33%
Proactive
5%
> Salary
© 2011 Break the Equation | Proprietary and Confidential 12
Results according Gallup
27% Higher Profits
50% Higher Sales
50% Higher Customer Loyalty
58% Higher Productivity
© 2011 Break the Equation | Proprietary and Confidential 13
Results according to Deloitte
31% Lower Turnover
60% Higher Engagement
© 2011 Break the Equation | Proprietary and Confidential 14
Training
•Define•Language•Expectations •Leadership•Examples•Hands On •Hand Outs•Refresher •Orientation •…
© 2011 Break the Equation | Proprietary and Confidential 15
Champions
•Volunteers •Extra Training •Leadership•Accountable •Project Tacking•Shared Practices•Extra Benefits •Start meetings•Recognize •…
© 2011 Break the Equation | Proprietary and Confidential 16
Visible
•Public Places•Social Areas •Celebration•3D (print out) •Social Networks•Sent Home•News Letter•…
© 2011 Break the Equation | Proprietary and Confidential 17
Celebration
•Scheduled•Highly Promoted•Leadership•Special Selection •Valuable•Authentic •Expand Beyond •Benefit•Leave Them High / Energy •…
© 2011 Break the Equation | Proprietary and Confidential 18
Getting Leadership Buy-In
•Executive Summary•Problem•Analysis•Solution Options•Preferred Solution •Cost-Benefit Analysis•Recommendations•Implementation Plan•…
© 2011 Break the Equation | Proprietary and Confidential 19
Keep It Going
•Champions•Measured •Leadership •Fake It (at times)•Give It •Annual Review•Integrate •Yearly Story•…
© 2011 Break the Equation | Proprietary and Confidential 20
Thank You!
John E. SmithCEO & Chief Evangelist, [email protected]
BreakTheEquation Blogwww.breaktheequation.com @BreaknEquations