Recognition Vs Attrition

Doesn’t seem to be a likely match isn’t it? I mean, why would anyone put up their papers just because they haven’t been appreciated for doing a good job? After all, everyone gets paid for their work. Along with the promised bonuses! So why the heck are we even talking about it?

BECAUSE it makes complete sense!

BECAUSE we are human and NOT a machine.

BECAUSE motivation is necessary to survive and overcome our weakness and not succumb to failures

BECAUSE it’s natural to have expectations from your employer to provide you with a healthy and happy work environment

The list is endless.

Studies reveal that 51% of employees feel they would want to leave their jobs in the next 12 months if their contribution at work is not given due recognition [Source: Work Trends 2013/2014]. Reinforcing the fact that recognition is inversely proportional to turnover intention. The power of recognition rules above the intent to quit.

The power of recognition rules above the intent to quit

Bravo works in multiple ways to-

  • To promote and sustain the power of motivation
  • As a catalyst in encouraging peer recognition on an official broadcasting platform
  • Assign company values and monitor the adoption of the same

To know more … Book a demo today!

Inspire to retain top talent

Look beyond salaries, if you want to retain your best hands in the business. Rewarding higher salaries is a good option but not an end-all. Higher figures are a necessity and for skills much sought after in the market, can be overtaken by competition which may get increasingly difficult for you to match every time.

Next to salary, work life balance plays an equally important role in retaining employees. What commonly goes around as “too much work, too little time”, has an infectious negative impact on employees and requires immediate corrective attention.

Overcoming limits on salaries and balanced work life, the other most important driving factor in employee retention is to treat one as an ‘asset’ to be valued and nourished and not just any one else in the fold. Companies need to make an employee feel that his or her contribution is of outmost importance to the business. Thus comes the need for reward and recognition programs for high performers.

Peer recognition goes one step ahead from regular R&R to create a more personalized working relationship. Appreciation from a colleague creates a ‘warm and friendly’ environment which increases collaboration and motivates one to grow as a team.

A respectable salary, suitable work life balance, sense of being valued and recognized are all contributors to create an engaged workforce. However, high performers who thrive on a challenges thrown at them are driven by a sense of purpose and the need to be a part of something bigger they can foresee. Inspired employees contribute to a much greater degree to the organization’s goals and objectives. By keeping employees inspired and involved in the business, offering them challenging assignments, and recognizing their valuable contributions, stands a good chance against higher-paying competitors.

Capture the fire in their bellies

People are hungry for appreciation. It’s a basic human need that drives us to excel in what we do. Businesses need to wake up to understand the need to harness this hunger for recognition in every employee in order to capture the best efforts. Back in school, teachers rewarded students with shiny star stickers which they would bring back home and proudly display. It pushed them to work hard to get more stickers.

In a recent Gallup workplace survey, employees were asked to recall who gave them their most meaningful and memorable recognition. The data revealed the most memorable recognition comes most often from an employee’s manager (28%), followed by a high-level leader or CEO (24%), the manager’s manager (12%), a customer (10%) and peers (9%). Worth mentioning, 17% cited “other” as the source of their most memorable recognition. Source: http://www.gallup.com/businessjournal/193238/employee-recognition-low-cost-high-impact.aspx

Organizations that give regular thanks to their employees far out perform those that don’t. According to Forbes magazine, modern, re-engineered recognition programs can have a huge impact on business performance. Companies that scored in the top 20% for building a “recognition-rich culture” actually had 31% lower voluntary turnover rates. Most CEO’s would pay millions of dollars to reduce voluntary turnover (this is when good people leave on their own). It turns out that a well-designed recognition program can achieve this result.

Lack of recognition equals to lack of encouragement equals to (may sound hard) non-acknowledgement of one’s very existence in the organization. Hence, it’s extremely important to boost morale and keep the momentum high by capturing the fire in their bellies! Recognition has the innate ability to create a positive energy which must be encashed by the business to multiply growth and productivity.

BRAVO gives the space and freedom to give wings to your recognition programs in a manner which will align the strengths of your employees to the values and beliefs of your business. Log on to www.bravo.spadeworx.com for further insights to BRAVO.

What lies beyond money?

WHAT is that ‘something’ that inspires you every Monday morning to kick-start another week of your 9-5 life? What drives you for just another day? Is it just the paycheck? Many would agree, but most wont. Yes, salary can give you the basic comfort required to survive but what is it that motivates you to work at your work place every day? In short, what lies beyond money?

In a word, it’s the FEEL GOOD factor that propels you to work every day. It involves all the necessary attributes that every employee dreams of – a warm welcome from a colleague, a cheerful team environment, appreciation from boss, feeling of being valued for your contribution, the fact that you are not just one of them, fun events etc., and the list can go on and on.

If you look carefully, all these intrinsic parameters foster an environment where you feel engaged with your workplace, and this engagement is woven together with your colleagues as you step together with the management towards a common goal and create ripples which directly impacts business. In short, happy employees are bound to ensure happy customers. Engaged employees are the force majeure that pushes the company to cross growth targets.

The question now, is, how would you best utilize the power of social recognition to drive employee engagement? Take a look at BRAVO, where we address all your thoughts and queries on how to get the best value out of the best minds. Invest in your future. Look beyond money.

Unleash the power of Employee Social Recognition

Anthony Jay Robbins, the motivational coach designs programs that help people overcome their limits and beliefs which curtail their progress to become a stronger, more resourceful and a more powerful person. It’s an important lesson for individuals both in their professional and personal lives to actually look within to find the will to win, to overcome road blocks and be successful in their endeavors.

But how does an organization transform itself from the tortoise to the tiger? The answer lies in inward thinking: Investing in people who are the lungs of the business, who have the zeal and the drive towards personal growth. Align their requirements with your business goals. A perfect match. It’s the people who work for you with all their heart makes all the difference in your balance sheet. Period.

Inspired employees has the power to lift an entire organization to new heights with what outwardly appear to be simple gestures of appreciation. A simple smile, a handshake with a simultaneous “great job on the project”, a moment to stop by someone’s cubicle and ask how their son’s doing, all propel people to continue to charge the hill. The lack of human touch or an acknowledgement can set an irreversible downward trend.

Such is the power of social recognition. A simple employee recognition tool can turn the tables for you. It brings in the much needed oxygen to the floor that motivates people to collaborate and create a win-win workplace. Being appreciated for the good work as against being taken for granted boosts morale and self-esteem. Empowers him to do better and better at his otherwise mundane job. This is where BRAVO can help in organizational setting. Check out www.bravo.spadeworx.com to know more.

Peer recognition is the key to success

Recognition motivates employees to go that extra mile to contribute to the success of the organization. All employees have the innate desire to be recognized and appreciated for their hard work. It may be as simple as a “thank you” or a regular structured program of recognition like the “star of the month” or the “star of the year” for achieving certain goals. Unfortunately, many employers fail to understand the magic of employee recognition. It impacts the turnover as employees who feel less appreciated, loses morale and motivation to work, and leaves the organization.

Keeping employees productively engaged by keeping their morale at an all-time high will reflect on the good health of the business. Lack of engagement will impact the brand image negatively as employees will tend to perform less than desirable levels which may directly impact client relationships. Driving employee engagement programs thus becomes a prerogative for any organization.

In fact, monetary compensation doesn’t boost so much morale as an open and transparent recognition program does. Rather than depending on the management to organize awards night, bringing talent to the front and appreciating them, employees themselves can be the torch bearers in this process. Peer to peer recognition brings an altogether different value to the person who is being recognized as to the person who is recognizing the other. It’s a two way process which creates trust, transparency and a partnership amongst team members who values each other’s work. It’s creates a positive environment fostering collaboration and teamwork. Helps in increasing retention and employee engagement levels.

Check out www.bravo.spadeworx.com

Visualize success in your business with [BRAVO logo], the employee social recognition platform which helps you provide consistent and timely feedback to your deserving employees. Boost up with BRAVO!

Power to the people with Bravo
Feeling valued, by juniors, seniors or peers, motivates the employee to go beyond his ability to contribute and collaborate for the organization. It analyses the intrinsic potential of the employee as a team player and measures their involvement levels. Providing real insights into engagement, culture adoption, and alignment to company values.
Bravo is a Employee Social recognition solution which enable employees to appreciate contributions and valued work from their peers.
Bravo can help:
  • Employees get visibility across company on their accomplishments
  • Improve work culture dramatically
  • Drive employee engagement building a collaborative team environment
  • Management identify the right talent
  • Reduce attrition and retain your star performers
  • Boost revenue
  • Increased customer satisfaction
Big Benefits with Bravo
41%
of companies that use peer-to-peer ecognition have seen positive increases in customer satisfaction
31%
Lower voluntary turnover at companies with recognition programs that are highly effective at improving employee engagement
50%
Of employees believe being thanked by managers not only improved their relationship but also built trust with their higher-ups
Transform company culture, boost revenues...
Improved Engagement, better productivity, increased efficiency are the key ingredients for a company to be progressive.
Recognition and acknowledgement for the employees be it by peers or superiors acts as a catalyst to propel people put more hard work and valued work.
Bravo provides one stop social recognition solution for employees as well as for management for better employee engagement.
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Bravo provides answers to critical questions
  • A Contextual User Centric Interface for Employees
  • Power BI based dashboard for Visibility and actionable insight across the organisation
  • Sentiment Analysis based on Machine Learning data churn
  • Screen Saver showcasing employees in SPOT LIGHT trending with higher Bravo Points.
  • Helps in developing Retention policies
It Works on
  • Microsoft Azure Machine Learning
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  • Microsoft Power BI for Dash boarding
  • iOS and Android
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