Name: Best Practices for Optimizing Employee Rewards in 2024
Start: 2024-09-24T15:00:00Z
End: 2024-09-24T15:01:02.000Z
Location: BrightTALK
Rating: 0

With Achievers, you can create a culture that means business. Our always-on employee recognition and voice solutions lead the industry in active usage and bring your organization’s values and strategy to life. 

Recent studies show that 64% of manufacturing employees are disengaged, posing a significant challenge as the industry faces rising economic uncertainty and the rapid pace of technological innovation. These factors create a complex environment where engagement, productivity, and workforce development are critical to success.

Join experts from Achievers, Workday, General Motors, and GAF as they explore the critical components of cultural transformation in manufacturing. You'll learn:
- How technology can drive engagement and productivity in the workforce
- Strategies to overcome economic uncertainty and technological disruption
- Best practices for fostering a more skilled, connected, and resilient workforce in manufacturing

Engaging and Retaining Manufacturing Workers Through HR Technology

Organizations today are facing challenging economic conditions, globalization, world events, downsizing, restructures, acquisitions, the introduction of AI, and evolving employee demands. This creates a complex web of cultural and operational challenges that can significantly impact performance, engagement and retention.

It’s connection – to the mission of the organization, to one’s manager and to colleagues at work – that drives the resilience of individuals and teams so they can survive and thrive through anything. A successful Recognition & Reward program has a unique ability to connect employees to their mission, their values, their manager, their colleagues and the peer-validated skills that help them be more productive today and grow tomorrow.

Join this session to hear best practices from our experts around how to create a culture of recognition, and get values off the wall and into the lived experience of your people, particularly in times of change. You'll learn:
- Strategies to connect employees to mission, managers, and peers
- How recognition can help facilitate change through restructures, downsizing, and acquisitions
- Real-world best practices for connecting R&R to other people programs to deliver on business objectives

How to Leverage Recognition to Support Employees During Change

In today's competitive sales environment, integrating continuous learning with meaningful recognition is key to unlocking your team's full potential.

Join Achievers Workforce Institute's Managing Director, David Bator, and Hive Perform CEO, Laura Keith, as they leverage primary and applied research to provide a tactical, practical roadmap on how organizations can focus on continuous learning and meaningful recognition to unlock their team's full potential.

You'll learn:
- Align Recognition with Training: How to seamlessly integrate reward systems with sales training to improve performance.
- Revenue Growth: Insights on how recognition programs can directly support revenue growth by motivating and engaging sales teams.
- Actionable Insights: Practical strategies to implement in your own organization to enhance sales performance and achieve revenue targets.

Connecting Learning and Recognition: The Key to High-Performing Sales Teams

Two-thirds of HR leaders are planning to increase their employee recognition and rewards budget in the next year, despite just 40% saying they see business impact from these programs.

As pressure to control costs continues, ensuring that your recognition strategy is effectively moving the needle on key business metrics like employee engagement, retention, and productivity is crucial.

Join Achievers' David Bator and Zurich North America's Renad Jarzynski to learn how employee recognition, when used strategically, can drive measurable and meaningful organizational results. You'll learn:
- The latest global research and trends in employee recognition
- Five key ingredients for creating a strategic recognition program that drives business results
- How Zurich North America fosters a culture of frequent, meaningful, low-cost recognition across all levels of the organization

The State of Recognition in 2024

The research is clear that frequent recognition boosts well-being, engagement, belonging, and an employee’s feelings about their manager and how fairly they are paid. Over time, frequent recognition on a platform builds an active, attentive, and trusted user base that organizations can engage to solve new problems.

In this interactive panel discussion, Matt Tremmaglia will welcome thought leaders from Air Canada, ArcelorMittal Dofasco & Cineplex for a conversation on how to:
- Amplify people programs, ranging from DEIB to learning and development and internal mobility
- Leverage the awesome power of a high-active usage employee recognition program

How To Amplify Culture and Solve New Business Problems Through Employee Recognition

While effective manager recognition is both a predictor and key driver of employee turnover, engagement and team performance, only a relatively small percentage of organizations have a comprehensive strategy aimed at bridging the knowledge and skill gaps that prevent managers from getting recognition right.  
 
In this interactive session, Brie Harvey will provide participants with an understanding of: 
- Why everyone (including leaders and stakeholders outside of HR) should care about the way leaders express appreciation  
- Field-tested best practices for balancing quality and quantity of top-down recognitions  
- How taking heed to basic psychology principles can help optimize rewards budgets  
- Key considerations for measuring success  
- Field-tested examples of campaigns and initiatives

How to Empower People Leaders to Be More Effective at Employee Recognition

Recent psychosocial legislation introduced in Australia means that workplaces have a responsibility to identify and mitigate risk when it comes to mental health in the workplace.

Join industry leaders from TELUS Health and Achievers Workforce Institute as they delve into the significance of psychological safety and the implications of the recent legislation. We'll explore low-cost, high-impact ways to promote employee resilience and psychological safety in the modern workplace.

You'll learn:
- Field-tested ways to leverage non-monetary recognition and rewards to promote psychological safety
- Considerations for mitigating risk of bias and inequity in the dissemination of employee rewards
- The critical role of continuously collecting and acting on employee feedback
- Tools and strategies to promote meaningful employee connection across dispersed or siloed teams

Fostering Psychological Safety and Workplace Resilience Through Employee Recognition

The last four years have witnessed record levels of resignation and historic labor shortages amidst shifting expectations of what work should look like so that it works for employees.

In this fireside chat, Achievers’ CEO Jeff Cates sits down with Great Place to Work Canada's SVP of Client Services, Nancy Fonseca, to discuss the talent and technology decisions that position their organizations for growth.

You'll learn: 
• Key talent and technology strategies that drive organizational growth in the current labor market 
• Insights from industry leaders on adapting to evolving employee expectations and retention challenges 
• Practical advice on leveraging talent and technology to build a resilient and future-ready workforce

The View From Here: A Fireside Chat with Great Place to Work

With many organizations challenged by economic uncertainty, hiring your way out of your people problems may no longer be an option. 

Join Achievers Workforce Institute's Managing Director, David Bator, as he leverages primary and applied research to provide a tactical, practical roadmap on how organizations can focus on connection, celebration, compensation and choice to recruit the employees they already have.

You'll learn:
• How to use connection, celebration, compensation, and choice to strengthen your organization's relationship with existing employees
• Insights from primary and applied research on creating a practical roadmap for improving employee retention
• Strategic recommendations for leveraging these elements to foster a more connected and motivated workforce

How to Recruit the Employees You Already Have

Just 40% of HR leaders say their current recognition program drives business results, but 63% are increasing investment anyway. Why invest if you can’t prove ROI? The answer isn’t less investment, it’s targeted strategies and metrics that matter. 

Join Achievers Workforce Institute's Caitlin Nobes to get the latest information from the 4th annual State of Recognition report and hear from Samsung about how they’re using recognition to support measurable business outcomes. You'll learn:

•     Current employee recognition trends
•     How companies like yours are using recognition to transform or accelerate business
•     Practical takeaways for taking your recognition program from a checkbox exercise to a results-driver for your business

Driving Business Results From Employee Recognition

In this interview-style webinar, Laura Rock, Chief HR Officer at Zurich North America, shares how Zurich North America is fostering belonging at work and the essential role HR plays in this transformative journey. She delves into the strategies implemented to equip managers with the necessary tools and training, creating an inclusive culture where every member feels valued and respected.

Join us to learn:
•      The role of HR in facilitating an environment of belonging and the impact on employee engagement
•      The methods Zurich uses to provide managers with the resources they need to nurture a culture of inclusivity
•      How Zurich North America's approach to fostering belonging at work has become integral to their corporate ethos

The Secret to Fostering Belonging at Work

In this interview-style webinar, Joe Gage, Chief Human Resources Officer at Bon Secours Mercy Health, explores how they've revamped their people strategy to enhance recognition and engagement among healthcare workers. Joe provides insights into implementing new platforms and strategies to better connect with and support their team.

Join us to learn:
•      How Bon Secours Mercy Health has updated their people strategy to enhance how they recognize, reward, and celebrate their staff
•      Practical insights into implementing a comprehensive platform to improve employee engagement and interaction
•      Strategies to better connect with employees who are on the front lines of transforming healthcare

What Every Leader Needs to Know About Employee Recognition

Integrating human capital management systems and employee recognition programs elevates results for your people strategies and empowers teams to thrive.
 
By feeding recognition data into the rest of the HR tech-stack, organizations can maximize the value of existing tech investments and make better decisions that enhance employee engagement, productivity, and retention.
 
Join leaders from Workday, Achievers, General Motors, and Blue Cross Blue Shield Association for a free panel discussion sharing the synergies, strategic benefits, and practical applications of combining employee rewards and recognition with HCM. You'll learn:
•     Practical insights and actionable tips for maximizing your tech-stack investment to drive belonging and people-centric outcomes
•     Real-world success stories of organizations leveraging the Workday + Achievers integrations to foster a culture of appreciation and performance excellence
•     The future of enriching HCM with recognition insights, from our roadmap to your ideas

Optimizing Your HR Tech and People Strategies

Although there are circumstances where compensation can play a role in motivating employees to “quiet quit” or even leave all together, the research that has emerged recently is clear that employers must look beyond traditional compensation to motivate and retain.

At a time when budgets are tight, organizational trust is low, and employee burnout and disillusionment still exit, how can employers gain a competitive edge?

Join our experts as they explore key findings from Achievers Workforce Institute’s 2024 Engagement and Retention Report. You'll learn:
•     What employees claim will motivate them to perform or quit in the coming year
•     The top drivers of "emotional salary" and what the data suggests are the highest impact, low-cost ways to enhance it at scale given the unique conditions of the workforce
•     Five field-tested, research-backed methods to engage and retain employees this year, without increasing salary

How to Motivate and Retain Employees in 2024

As we brace ourselves for another tough, uncertain year, business leaders around the world are thinking about how to energize, engage, and enhance the performance a workforce that’s increasingly geographically dispersed, disillusioned, dissatisfied, and disconnected.
 
With layoffs and pandemic-related pains still lingering, the need for employers to examine and reimagine the employee experience so it promotes a sense of belonging across the employee lifecycle and aligns to the objectives and values of the business has never been more pressing. 
 
Join Achievers Workforce Institute research advisors, Caitlin Nobes and Brie Harvey, as they explore:
•     Tips for building a business case for belonging that will resonate with executives
•     Why the 5 pillars of belonging (welcomed, known, included, supported, connected) aren’t created equal   
•     What research suggests are the most critical considerations for cultivating a culture of belonging for siloed or dispersed post-pandemic workforces
•     Practical steps for designing and measuring the success of belonging

Reimagine the Employee Experience to Build a Culture of Belonging

Driving lasting culture transformation is critical for organizations aiming to achieve and sustain a competitive edge – today more than ever before, in this hybrid/remote world of work. 

The success of these efforts directly influences organizational resilience, innovation, and employee attraction and commitment. However, many culture transformation efforts fail to deliver on the expected outcomes. 

Join Achievers and Contemporary Leadership Advisors for a panel discussion focused on proven, data-driven strategies for driving organizational culture transformations that last. You'll learn:
•     Why many companies struggle to make culture transformations stick – particularly now when many employees work in a hybrid or remote context
•     Insights from leaders across Dropbox and Cineplex on what has worked to effectively orchestrate and maintain meaningful culture transformations inside their organizations
•     Actionable and data-driven strategies to drive culture change, directly boosting the employee experience and business success

Driving Lasting and Impactful Culture Transformation

2023 presented organizations with unique set of challenges. Many grappled with the complexities of return to office and hybrid work models, while employees faced uncertainties and struggled to place trust in their organizations amidst sporadic layoffs, surging inflation, and rising cost-of-living. 

The Achievers Workforce Institute’s 2024 Engagement and Retention report finds that the #1 reason to job hunt in 2024 is for better compensation — a big change from past years, with twice as many people saying they will job hunt to find better compensation in 2024 compared to 2023. So, what does a new focus on compensation mean for employee attraction and retention? 

Join industry leaders for this session where they'll share how to leverage employee recognition and engagement initiatives to make an impact on the bottom line. They'll discuss how organizations can empower employees to make that meaningful difference, build trust, and demonstrate value by balancing their emotional and financial needs. You'll learn:
•     The importance of prioritizing employee compensation and how it affects job hunting  
•     Recruitment and retention strategies designed for long-term success in the modern workplace 
•     How to foster a culture of recognition, connection, and trust at work

Reframing Employee Rewards and Recognition to Extend Your Compensation Strategy

Although it's been well-established that meaningful rewards can boost employee engagement and performance and despite the fact employers spend nearly $200 billion annually on rewards and recognition, less than half of employees feel valued at work.

Join Brie Harvey, Head of Market Research at Achievers Workforce Institute, for an exclusive exploration into the evolving landscape of employee rewards. We'll break down the seven most common reasons why many well-intended investments in traditional rewards programs fail to drive cultural and behavioral outcomes, based on insights from the 2024 State of Recognition report.

You'll learn:
- Key principles for harnessing behavioral science to maximize appreciation and mitigate entitlement when it comes to extrinsic motivators
- Low-cost, high-impact reward strategies that promote equity and regular positive reinforcement
- How non-monetary and peer-led recognition can create "digital love bombs" at scale and transform organizational culture
- The role of recognition technology in providing personalized, meaningful rewards at scale

Best Practices for Optimizing Employee Rewards in 2024

Employee Recognition

Employee Appreciation

Rewards

Employee Engagement

Employee Experience

Employee Benefits

Human Resources

HR Expertise

HR Programs

Happy employees make productive employees. HR managers are now finding that compensation and benefits alone cannot keep employees happy; they also need nurturing through proper training and development. Join the BrightTALK talent management community to learn how to engage and retain your best talent by providing them with the tools and rewards they need to enhance their performance and reach their potential.

Talent Management

Small businesses and enterprises alike are competing for not only market share, but also for the best employees to move their businesses forward. Competitive salary and benefits packages are the foundation of high employee satisfaction. Join this community to keep up with changing regulations and learn how to optimize workforce costs with competitive yet cost-effective employee benefits and compensation plans.

Benefits and Compensation

Modern human resources professionals are charged with not only the recruitment of talent, but also retention, satisfaction and management. They also support the training, assessment and compensation aspects of employee management. Join this community to connect with thought leaders and learn about trends in benefits, compensation and talent management. Stay ahead of the curve to attract and retain top talent and strengthen organizational leadership and culture.

HR Strategy

Get powerful human resource management insights for your business. Connect with experts and colleagues to get the most up-to-date knowledge on which HR practices and strategies have been shown to be effective in retaining and growing talent.

Get powerful learning and development insights from influential experts. Connect with thought leaders and colleagues to get the most up-to-date knowledge in the field.

Learning and Development

Human resources is intrinsically linked to business success and requires a thoughtful balance of a variety of complex issues. The human resources community on BrightTALK is made up of thousands of professionals in human resources exchanging human resources best practices and advice. Watch hundreds of on-demand webinars for immediate information or participate in upcoming live webinars and have your questions answered by respected HR thought leaders.

Best Practices for Optimizing Employee Rewards in 2024

Presented by

About this talk

More from this channel