Building A World Class Culture Of Recognition
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Best practices on building a world class culture of recognition by Razor Suleman, CEO, I Love Rewards. Special focus on rewards and recognition in a recession and engaging Generation Y. This presentation was given January 30, 2009 at the HRPA Conference in Toronto.
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- 1. Building A World Class Culture of Recognition Razor Suleman
CEO, I Love Rewards
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- 3.
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- Set individual expectations and reward employees for
outstanding work. The folks who call themselves 3Mers take pride in
discoveries that lead to real-world products.
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- Source: Larry Wendling, VP of 3M's corporate research
- 4. Maslows Hierarchy of Needs SELF ACTUALIZATION SELF ESTEEM
BELONGING PHYSIOLOGICAL SAFETY SALARY & REWARDS CULTURE
RECOGNITION RESULTS JOB SECURITY
- 5. Performance Success Cycle TM Results Recognize Reward Redeem
Receive
- 6. On-the-Spot Awards Peer-to-Peer Recognition Cards E-Cards
PointsCards SMS Texts Certificates
- 7. Rhythm Recognition What gets recognized gets repeated John
E. Jones, Professor Organizational Behaviour
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- 9. Be Specific
- 10. PIC/NIC
- 11. 56 percent of the people interviewed found their jobs
through employee referrals. Source: Malcolm Gladwell survey
- 12. Recruit, Retain and Inspire the Next Generation
- 13. Canadian Birth Rate 1965-2005
- 14. Disposable Income Per Capita in Canada 1965-2005
- 15. Trophy Generation
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- 17. Recognition in a Recession
- 18.
- IF THE CHANGE INSIDE YOUR ORGANIZATION IS SLOWER THAN THE
CHANGE OUTSIDE YOUR COMPANY THE END IS IN SIGHT.
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- Returns from 2001 to 2006
- Good to Great - 150% return
- Best Companies to Work For 600%
- Source: Gurnek Bains, Meaning Inc.
- 21. Incent Saving Money A penny saved is ten cents earned
Source: Razors Mom
- 22. Results based Recognition
- 23. What Not to Do
- 24. Thank You! Razor Suleman Founder and CEO, I Love Rewards
[email_address] Razor Suleman CEO, I Love Rewards