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Recognition:

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The average Fortune 1000 executive spends 13% of his or her time mediating worker disputes. ... Source: Time Magazine, Feb. 14, 2005 ... – PowerPoint PPT presentation

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Title: Recognition:


1
  • Recognition
  • Its no longer the
  • soft side of business,
  • its the essential side!
  • Presented by Max Brown

2
Job Satisfaction Tanks
  • Only 14 are very satisfied with their jobs.
  • Over 60 do NOT feel motivated to drive their
    employers business goals.
  • The Conference Board March 16, 2005
  • Survey of 5000 households

3
The Cost of Incivility
  • The average Fortune 1000 executive spends 13 of
    his or her time mediating worker disputes . . .
    that is 7 weeks a year!
  • Maybe Mom was right It pays to be courteous.
  • Time Magazine, Feb. 14, 2005

4
The Hard Facts . . .
  • Almost 80 of employees believe they get NO
    respect at work.
  • Source Time Magazine, Feb. 14, 2005
  • 86 of the worlds employees are not willing to
    go the extra mile for their employers.
  • Source Towers Perrin, 2005
  • Three out of four workers are looking for a new
    place to work either passively or actively.
  • Source Society for Human Resource Management,
    2005

5
Happy People, Happy Returns
  • Are the best companies to work for also good
    investments? Wall Street hasnt always valued
    employee satisfaction, but perhaps it should . .
    . Fortunes best employers not only consistently
    beat the SP 500, but walloped it.
  • Fortune February 2006 Deloitte Study
  • The 100 Best Companies To Work For

6
  • Did you know?

Farsighted, tolerant, humane and practical CEOs
returned 758 over 10 years, versus 128 for the
SP 500 ... CEOs who inspire respect, loyalty and
even affection, rather than fear. Fast Company,
September 2005
7
Business Leaders Lack Critical Skills
  • Nearly a third of global business leaders lack
    the skills they need to help their organizations
    achieve their business goals.
  • One of the most critically deficient skills
    identified was bringing out the best in their
    people.
  • HR Magazine, January 2006

8
Bottom Line
  • Committed employees perform 20 better and are
    87 less likely to resign.
  • The role of the manager is the most critical
    enabler of employee commitment.
  • 82 of respondents said recognition motivates
    them to improve job performance.
  • Society for Human Resource Management (SHRM),
    2006.

9
Dr. Hurlocks Study
  • In 1925, Dr. Hurlock concluded that children who
    receive praise after a math test, improve by 71
    only 5 days later.
  • Those who are criticized only improve 19 after
    the same 5 days.
  • Those ignored completely only 5.

10
The Power of Carrots
  • Higher retention
  • Stronger, more committed
  • Greater sustained productivity
  • Higher profits
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