How Four Companies Show Appreciation for Their Employees
Employees are the backbone of your company, and a little recognition goes a long way. According to a SHRM/Globoforce report, companies that utilize strategic recognition are 48 percent more likely to see high employee engagement. Even companies that spend as little as 1 percent of payroll on recognition are 79 percent more likely to experience better financial results.
Not making the investment in employee appreciation, however, can be costly employees that don't feel valued are more likely to quit. But, according to a survey by Glassdoor, 53 percent of employees said they would stay at their jobs longer if theirÂ employers showed them more appreciation. Four out of five employees also said they work harder when their boss demonstrations appreciation for their work.
This year, Employee Appreciation Day is on Friday, March 2 in the United States. It's the perfect time to show your employees that you respect them, and care about their professional and personal success. Need some inspiration? Here are four companies who go above and beyond to make sure their employees know they are appreciated.
Black n Bianco Has a Beach Day
For Lisa Chu, owner of the California-based children's clothing store Black n Bianco, Employee Appreciation Day is her favorite day of the year. It gives me an opportunity to show my employees that I am grateful for their contribution and dedication to my company. It's also an effective way to show my managers and supervisors the importance of appreciating our employees."
Last year, she took all of her employees on a trip to the beach in Santa Monica, where they relaxed in the sun and had lunch together. Her goal was to acknowledge how hard her team works and reward them with some much needed downtime. The effort, she says, paid off. When my employees feel recognized for their contribution, they are more likely to be emotionally invested in their job," she says. Performance increased and the energy in the office improved."
Social Sync Shows Appreciation Every Day
Over at internet marketing company Social Sync, they do more than just celebrate their employees on March 2. CEO and Founder Nick Morgan says they are constantly showering their staff with awards, certificates and department prizes like extra holiday hours, paid vacation, free wine, Amazon vouchers and team bonuses.
I firmly believe that rewarding hard work is of greater importance in a work environment than punishing poor performance," he says. It is easier to motivate people with rewards than bully them with consequences."
At iHeartRaves and INTO THE AM, Appreciation is Someone's Full-Time Job
Brian Lim, CEO of clothing companies iHeartRaves and INTO THE AM, has a full-time Director of Happiness on staff to make sure employees feel appreciated year-round. The companies throw personalized birthday celebrations, give out free music festival tickets as rewards and provide the top-performing team member with a $500 award each month.
The entire staff also gathers for a town hall meeting on a monthly basis to recognize major department wins, eat company-funded lunch and play games. We are certain that these kinds of initiatives lead to decreased turnover and happier employees," Lim says.
Cornerstone OnDemand Adds a Personal Touch to Appreciation
Cornerstone, which calls its employees Cornerstars," gave out appreciation cards to employees last year, and encouraged them to write notes to each other to express their gratitude. If a remote Cornerstar wanted to send a card, the company would assign someone to hand write it and deliver it to the recipient. This program was so well received that it went on for two months.
This year, the company is introducing an Employee Appreciation Badge, so that Cornerstars can use their employee management platform to let colleagues know they're appreciated.
So, how will you celebrate your employees this year? Make them feel valued on Employee Appreciation Day and every day, and they will return the favor in spades by working hard and staying loyal to your company.
Photo: Creative Commons
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When we talk about the quest to "have it all," it's almost always in reference to working women trying to balance a stressful 9-to-5 with the equally difficult demands of family. To be sure, women face distinct challenges in the workplace and high expectations at home. But this Father's Day, let's not forget that dads are increasingly juggling work and home life, too. Single fatherhood is becoming more common in the US—a 2013 Pew report found that a record 8 percent of families with children were headed by a single dad—and 60 percent of households with children are dual-income as of 2014, putting added pressure on both working parents. While policies in the US do not mandate paid family leave of any kind—unlike parent-topia Sweden, which offers 16 months of paid parental leave and three months specifically for paternity leave—many companies are now thinking about how they can help their workers be "Employee of the Year," without sacrificing their "Dad of the Year" trophy. 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State Street Photo: Creative Commons Headquarters: Boston, MA Number Of Employees: 29,530 Paid Paternity Leave: 4 weeks Industry: Finance Policy Highlight: Flexible work arrangements are a must for the busy working dad (or mom). State Street's program helps take the stress out of setting up some work-from-home time by requiring their managers to approach their employees about flexible work options. 6. Genentech Photo: Creative Commons Headquarters: San Francisco, CA Number Of Employees: 14,000 Paid Paternity Leave: 6 weeks Industry: Biotech Policy Highlight: Along with dedicated paid paternity time, Genentech also offers a sabbatical program for long-term employees. Every six years, you earn six months of time off—perfect for a long summer trip with the kids. 7. LinkedIn Photo: Creative Commons Headquarters: Mountain View, CA Number Of Employees: 6,800 Paid Paternity Leave: 6 weeks Industry: Tech Policy Highlight: LinkedIn likes to encourage employees to think outside their cubicle and, in addition to "special projects" time once a month, you will get a $5,000 stipend for job-related education expenses. Maybe "Childcare 101" would qualify? 8. Arnold & Porter LLP Photo: Creative Commons Headquarters: Washington D.C. Number Of Employees: 1,284 Paid Paternity Leave: 6 weeks (18 for primary caregiver) Industry: Legal Policy Highlights: If your spouse or partner is gainfully employed and you'd like to trade some of those work hours for family time, Arnold and Porter allows employees working at least 25 hours to qualify for benefits. The firm even has an expert panel on hand to help their lawyers make the switch to part-time. 9. Roche Diagnostics Photo: Creative Commons Headquarters: Indianapolis, IN (North American HQ) Number Of Employees: 4,500 Paid Paternity Leave: 6 weeks Industry: Healthcare Policy Highlight: Roche employees have plenty of opportunities to teach Junior essential life lessons like how to swing a bat or grow a juicy tomato. The company spends $35,000 annually on sponsored extracurriculars like community sports leagues, and also offers an on-site employee produce garden. 10. PricewaterhouseCoopers (PwC) Photo: Creative Commons Headquarters: New York, NY Number Of Employees: 41,000 (U.S.) Paid Parental Leave: 6 weeks (plus an additional 2 weeks if have or adopt more than one kid) Industry: Professional Services Policy Highlight: Another company that values ad-hoc work schedules, PwC allows employees work-from-home options as well as ""Flex Days." 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