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HR/HCM/Compliance Aon Acquires NFP in the Benefits Space : Aon, a global professional services firm, acquired NFP to strengthen its employee benefits solutions. This acquisition highlights the importance of employeerecognition in improving workplace satisfaction and retention.
The cumulative impact of these direct costs and the impact to other employees’ performance and motivation could end up costing the organization more than some of the top-of-mind issues above. A recent report in the Wall Street Journal highlights a study by Aon Hewitt that looked at this group of employees.
That’s the purpose of employeerecognition – not to stroke egos or give gold stars, but communicate clearly, specifically and meaningfully on how an employee’s efforts contributed to a greater goal. Why should you care if employees are highly engaged?
Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation. Aon Hewitt did not even start tracking short-term rewards and bonuses — known as variable compensation — until 1988, when they accounted for an average of 3.9 percent of payrolls.
As Globoforce’s Vice President of Client Strategy and Consulting, Derek Irvine is an internationally minded management professional with over 20 years of experience helping global companies set a higher ambition for global strategic employeerecognition , leading workshops, strategy meetings and industry sessions around the world.
In this blog post, we'll explore proven strategies to boost employee retention in the insurance industry, empowering you to keep your valuable team members amidst the intense competition in the insurance market. 🔖 Allstate Insurance Company is known for its effective employeerecognition programs.
93% want lifelong learning and are willing to spend their own time and money on further training The Role of EmployeeRecognition, Incentives, and Continuous Improvement Programs Recognition and growth opportunities serve as powerful antidotes to disengagement. One way to tackle this is through recognition and rewards.
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