Six Steps to Employee Recognition ROI
-
Upload
bi-worldwide -
Category
Lifestyle
-
view
3.787 -
download
0
description
Transcript of Six Steps to Employee Recognition ROI
![Page 1: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/1.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
6StepS for determining
the roI an empLoyee recognition program
![Page 2: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/2.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Can you measure the roI on employee recognition initiatives?
![Page 3: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/3.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
YES you can, but first you have to define what’s important to measure.
Can you measure the roI on employee recognition initiatives?
![Page 4: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/4.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Here’s the six step process to follow:
![Page 5: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/5.jpg)
Start with defining your recognition objectives.
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
1
![Page 6: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/6.jpg)
Common objectives include:
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Increasing productivity
![Page 7: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/7.jpg)
Common objectives include:
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Increasing productivity
Reducing customer service complaints
![Page 8: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/8.jpg)
Common objectives include:
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Increasing productivity
Reducing customer service complaints
Improving morale
![Page 9: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/9.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
your program may also positively impact other objectives, but if you focus on one or two, you’ll find it easier to create a defensible ROI.
![Page 10: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/10.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Identify the key metrics that align to your objectives.
2
![Page 11: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/11.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Identify the key metrics that align to your objectives.
2
Use measurements you already have in place.
![Page 12: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/12.jpg)
establish a control group.
3
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
![Page 13: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/13.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
The control group can be a baseline period to use for comparison.
![Page 14: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/14.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
The control group can be a baseline period to use for comparison.
This adds credibility to your final ROI calculations and results.
![Page 15: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/15.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Define and communicate behaviors.
4
![Page 16: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/16.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
5
Set realistic expectations.
![Page 17: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/17.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
you should reasonably expect not to see any significant change for at least six months against your key metrics and it could be as much as 36 months.
![Page 18: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/18.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Focus your measurement on tactical results such as:
![Page 19: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/19.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Percentage of managers who have participated in program training.
![Page 20: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/20.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Percentage of managers who have participated in program training.
The number of recognitions employees have sent their co-workers.
![Page 21: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/21.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Percentage of managers who have participated in program training.
The number of recognitions employees have sent their co-workers.
The percentage of employees who have recognized a co-worker.
![Page 22: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/22.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
The number of recognitions, per manager, that have been given.
![Page 23: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/23.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
The number of recognitions, per manager, that have been given.
Percentage of managers using thier discretionary awards budget.
![Page 24: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/24.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Calculate all of your program costs.
6
![Page 25: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/25.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Including these costs will lower your roI – and increases your credibility when management understands that you are being completely transparent.
![Page 26: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/26.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Including these costs will lower your roI...
Labor
![Page 27: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/27.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Including these costs will lower your roI...
Labor
Materials
![Page 28: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/28.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Including these costs will lower your roI...
Labor
Materials
Training
![Page 29: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/29.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
Including these costs will lower your roI...
Labor
Materials
Training
Presentations
![Page 30: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/30.jpg)
BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States
download our article
6StepS for determining
the roI an empLoyee recognition program6StepS for determining
the roI an empLoyee recognition program
Read the complete story...
click here
![Page 31: Six Steps to Employee Recognition ROI](https://reader034.fdocuments.net/reader034/viewer/2022051513/546ddd8faf79596c298b5505/html5/thumbnails/31.jpg)
follow us...
Australia | Canada | China | India | Latin America | United Kingdom | United Satees
BI WorLDWIDe uses the principles of behavioral economics to produce measurable results for our clients by driving and sustaining engagement with their employees, channel partners and customers.