Employee Engagement And Recognition Program Analysis

1299 Words 6 Pages
The purpose of this document is to explain the success of employee engagement and recognition programs and the increased motivation, loyalty and productivity they have on an organization. The implementation of a company-wide, reward and recognition program at XYZ, Inc. would improve engagement of staff with the goal to improve the high turnover XYZ, Inc. is experiencing. I propose XYZ, Inc. establish a recognition plan, which would be rolled out across the organization to help solve turnover and increase staff engagement.
Current Situation As previously explained in a recent memo to the CEO, after analysis of the last six months of XYZ, Inc. exit interviews show the organizations turnover rate is extremely high at 35%. The high employee turnover
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The survey identified that employees are looking for employment elsewhere and the motivating factor is not pay or benefits. Many employees don 't feel appreciated by their manager 's for the work they do. They also do not feel they are growing or developing their skills and do not feel they have the tools or resources to be successful. Investing in an employee 's skill development is essential in showing employee 's they have value. Employee Engagement (Global Rewards & Recognition Program White Paper) is the state of emotional and intellectual commitment to an organization. It is a result of an organizational climate that promotes shared assumptions, values, visions and beliefs. The survey identified that employee 's do not feel the organization 's values are promoted and they have a hard time identifying with them. Although, we have been working to improve our culture, show employee 's they matter and live our values we need to do more to increase employee satisfaction and commitment to stay.
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The program is based on two simple principles. Recognition is the positive consequences provided to a person for a desired behavior or result. Reward is an item or experience with monetary value, but not necessarily money, that is provided for the desired behavior or performance often with accompanying recognition. Recognition is the most effective when given on a regular basis and in different ways. It is important that recognition activities be aligned with the culture of the organization. It is important that all managers are aware of their responsibility to provide positive and effective feedback to their employees. To cultivate a successful Reward and Recognition Program, managers

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