Latest Industry News - October 2021
How to Amplify Employee Celebrations and Spread Success through Social Recognition
October 8, 2021
Think of how social networks like Facebook, Twitter, and LinkedIn work. They empower users to create a post and instantly share it with an online community. Followers can then like or comment on the post, spurring even more response. The result is that content can rapidly spread to a much wider audience. Read more
How to Amplify Employee Celebrations and Spread Success through Social Recognition, O.C. Tanner. https://www.octanner.com/insights/articles/2021/9/24/how_to_amplify_emplo.html (last visited, October 14, 2021)
New Report Reveals What Employees Will and Won't Tolerate at Work
October 8, 2021
After 18 months of uncertainty, stress, and adaptation on the job, employees know what they will and won't tolerate at work--and soaring resignation numbers are the result.
That's the top-line finding of "The Great Resignation," Workhuman's fall 2021 international survey. Nearly 4 in 10 workers said they're planning to look for a new job in the coming year, a figure that should terrify workforce planners and managers alike. Read more
New Report Reveals What Employees Will and Won't Tolerate at Work, Inc. https://www.inc.com/marcel-schwantes/new-report-reveals-what-employees-will-wont-tolerate-at-work.html (last visited, October 14, 2021)
Supply and Demand Amplified
October 1, 2021
A sales manager at a mid-sized distributor let out a long sigh as she ended her phone call. She had just finished a lengthy discussion with her customer service rep at a supplier company she uses regularly. It was a conversation she was having all too often with her suppliers: the company lacked inventory for the products she wanted, or they were experiencing significant delays in being able to fill her order on time. Read more
Supply and Demand Amplified, PPAI Media. https://pubs.ppai.org/ppb-magazine/supply-and-demand-amplified/ (last visited, October 14, 2021)
6 Proven Principles to Achieve Higher Employee Engagement
October 1, 2021
The results are in: A recent Gallup study concludes companies with highly engaged employees are four times more profitable compared to others. How? Engagement brings higher ownership and ownership unleashes entrepreneurial thinking to drive innovation, continuous improvement and increased customer satisfaction. Read more
State and Regional Sales Report, Forbes. https://www.forbes.com/sites/sap/2021/10/01/6-proven-principles-to-achieve-higher-employee-engagement/?sh=5da8413c76cc (last visited, October 14, 2021)
Celebrate the Holidays with the Your Platinum Gift Program
October 1, 2021
Holiday gifting for employees can be difficult – how do you find gifts that fit everyone’s tastes while adhering to your budget and timeframe? Not to mention, this year, there are additional elements of complexity, due to ongoing supply chain problems and possible limitations on in-person gatherings. Read more
Celebrate the Holidays with the Your Platinum Gift Program, Incentive Concepts. https://www.incentiveconcepts.com/celebrate-holidays-your-platinum-gift-program/ (last visited, October 14, 2021)
RPI Announces 2021 Best Practice Standards® Awards Winners
September 9, 2021
Recognition Professionals International (RPI) has honored eight organizations with its 2021 Best Practice Standards® Awards for their use of best practices in recognizing and engaging employees. Honorees represent a range of industries from retail to healthcare, insurance, education and engineering. Read more
RPI Announces 2021 Best Practice Standards® Awards Winners, Incentive Marketing Association. https://www.incentivemarketing.org/RPI/News/2021/RPI-Announces-2021-Best-Practice-Standards-Awards-Winners.aspx (last visited, October 13, 2021)
Academic Research in Action: Individual or Team-Based Incentives
September 9, 2021
Over the past two decades, organizations have increasingly come to rely on teams to produce the lion’s share of business value (DeMatteo et al., 1998; Ladley, Wilkinson & Young, 2015; Ali, Fuenzalida, Gomez & Williams, 2021). Twenty-five years ago, only two-thirds of firms reported that 20% or more of their workforce were engaged in one team or more at any given time (Lawler et al., 1995). Today, teamwork and collaboration consume about 80% of the typical knowledge worker’s day (Wright, 2018). Read more
Academic Research in Action: Individual or Team-Based Incentives, Incentive Research Foundation. https://theirf.org/research/academic-research-in-action-individual-or-team-based-incentives/3170/ (last visited, October 13, 2021)
Editor's Picks: The Ultimate Prize
September 1, 2021
A great employee is a priceless treasure. But for businesses, losing talented team members can be incredibly costly. According to Gallup, U.S. businesses are losing a trillion dollars a year due to voluntary turnover. Read more
Editor's Picks: The Ultimate Prize, PPAI Media. https://pubs.ppai.org/ppb-magazine/editors-picks-the-ultimate-prize/ (last visited, October 14, 2021)