building a world class culture of recognition

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Building A World Class Culture of Recognition Razor Suleman CEO, I Love Rewards

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Best practices on building a world class culture of recognition by Razor Suleman, CEO, I Love Rewards. Special focus on rewards and recognition in a recession and engaging Generation Y. This presentation was given January 30, 2009 at the HRPA Conference in Toronto.

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  • 1. Building A World Class Culture of Recognition Razor Suleman CEO, I Love Rewards
  • 2.
  • 3.
      • Set individual expectations and reward employees for outstanding work. The folks who call themselves 3Mers take pride in discoveries that lead to real-world products.
      • Source: Larry Wendling, VP of 3M's corporate research
  • 4. Maslows Hierarchy of Needs SELF ACTUALIZATION SELF ESTEEM BELONGING PHYSIOLOGICAL SAFETY SALARY & REWARDS CULTURE RECOGNITION RESULTS JOB SECURITY
  • 5. Performance Success Cycle TM Results Recognize Reward Redeem Receive
  • 6. On-the-Spot Awards Peer-to-Peer Recognition Cards E-Cards PointsCards SMS Texts Certificates
  • 7. Rhythm Recognition What gets recognized gets repeated John E. Jones, Professor Organizational Behaviour
  • 8.
  • 9. Be Specific
  • 10. PIC/NIC
  • 11. 56 percent of the people interviewed found their jobs through employee referrals. Source: Malcolm Gladwell survey
  • 12. Recruit, Retain and Inspire the Next Generation
  • 13. Canadian Birth Rate 1965-2005
  • 14. Disposable Income Per Capita in Canada 1965-2005
  • 15. Trophy Generation
  • 16.
  • 17. Recognition in a Recession
  • 18.
    • IF THE CHANGE INSIDE YOUR ORGANIZATION IS SLOWER THAN THE CHANGE OUTSIDE YOUR COMPANY THE END IS IN SIGHT.
    • - Jack Welch
  • 19.
  • 20.
    • Returns from 2001 to 2006
    • Good to Great - 150% return
    • S&P 500 250% return
    • Best Companies to Work For 600%
    • Source: Gurnek Bains, Meaning Inc.
  • 21. Incent Saving Money A penny saved is ten cents earned Source: Razors Mom
  • 22. Results based Recognition
  • 23. What Not to Do
  • 24. Thank You! Razor Suleman Founder and CEO, I Love Rewards [email_address] Razor Suleman CEO, I Love Rewards