Why Employers Often Fail at Employee Recognition
A recent survey by OfficeTeam revealed that 89% of employers think they are doing a good job with employee recognition for outstanding efforts at work. That would be great, except only 70% of employees tend to agree with that statement. The divide between employee and employer opinions is significant. If employees don't have confidence or agree that their employers are doing well recognizing their efforts, then employers get no return on what is often a significant investment. There are many reasons why employers can fail at delivering employee recognition. Sometimes it's a lack of effort, communication or application of a program. Here are three reasons we find most common- and how to overcome them.
Financial Wellness Paired With Physical Wellness
With 80% of U.S. and Puerto Rican workers under moderate or high levels of financial stress, employers are looking beyond physical wellness programs and adding a financial wellness component to employee benefits. Financial wellness programs often provide financial advice and guidance to employees with the aim to reduce financial stress and increase workplace productivity. According to an Aon Hewitt survey, 76% of employers were interested in financial wellness initiatives in 2013, and looking to expand their efforts by 2014. Companies also observe that the more financially stressed an employee is, the more sick time they take, disrupting work flow and workplace momentum. At Meredith Corp. employees are offered a financial wellness questionnaire and can take educational courses and other financial wellness actions to gain access to discounted healthcare options and other financial perks. Meredith is recording big results on their financial wellness program too.
Healthy Workplace Programs Reduce Obesity
A recent study, led by an associate professor at the University of Rochester, finds that providing healthy workplace programs reduced the number of overweight or obese employees by almost 9%. The study was based on two years of research, studying almost 3,800 employees. The researchers instituted workplace programs to promote healthy eating and exercise at half of the work sites and no healthy programs at the other half. The test group that had implemented healthy workplace programs promoted things such as revamped cafeteria offerings with fewer calories and smaller portions, free meals to those who made healthy food choices, workshops to share healthy recipes, walking clubs, upgraded gym facilities, and group activities.
Whole Foods Corporate Responsibility Goes Global
Whole Foods Market is taking their corporate responsibility beyond their high quality, all natural foods and working to solve global poverty. Whole Planet Foundation was borne out of Whole Foods Market’s desire to give something back, while focusing on the persistent problem of world poverty and hunger. The Whole Planet Foundation and Whole Foods Markets have hosted a series of small community events throughout the country like craft fairs and concerts and have raised $4.6 million toward a microlending campaign, no no plans to slow down any time soon.
Corporate Responsibility Drives Sales with Gift Cards
In today's business landscape, corporate responsibility has become a defining factor for success. From supporting local communities to championing sustainability initiatives, businesses are increasingly expected to give back to society. At the forefront of this movement are major brands, like CVS/pharmacy, that have recognized the power of corporate responsibility in driving sales and fostering positive social impact.
