Recognize This! – Years of Service acknowledgement does not equal strategic employee recognition.
Part of my role as head of consulting with Globoforce is
to help clients educate others within their organization that having a
Years of Service program (also known as Long Service or Milestone
Anniversary) is not the same as a strategic, social recognition program.
This article called this topic mind, especially this statement:
“As retaining talent is increasingly becoming a
challenge, companies are offering incentives to reward employees who
have completed a certain number of years of service. Termed as long
service award policies, these perks encourage employees to stick to
their employers for a longer term, according to HR experts.
“’Such awards are granted to employees in recognition of their long
period of service with the company and their loyalty towards the
employer. They encourage employees to serve the organisation for
sometime more,’ said an HR official with a foreign investment bank.”
Let me ask you this – if you were undervalued, unappreciated and
unfairly compensated for the work you do, would knowing that in another
year you would receive a 5 Years of Service award keep you at the
company if a better offer came along?
The honest answer for most is a strong, “No.” Why? Years of Service
anniversary celebrations are simply too infrequent and not tied to a
meaningful reason for recognition. Employees crave frequent
acknowledgement of their contributions and achievements, not a five-year
anniversary celebration of their decision to not leave the company.
Research reported in Harvard Business Review put it this way:
Thirty-five percent of workers and 30% of chief financial officers in an Accountemps poll
cited frequent recognition of accomplishments as the most effective
nonmonetary reward. Thanking people for their hard work and commitment
is the key to making them feel appreciated.
“‘Because few people expect much in the way of reward
these days, a small but personalized thank-you can have a big impact,’
says Steve Richardson, founder of Diverse Outcomes and former chief
talent officer for American Express. ‘Even when I send a recognition
note to a big group or team, I try to add a personalized paragraph in
each person’s email, so it’s highly tailored to the individual.’”
Yes, Years of Service programs have a place. Employees expect to have
their major milestones acknowledged. But far more benefit can be
derived from a truly strategic recognition program, the five characteristics of which are described by the Great Place to Work® Institute as:
- Get personal
- Be specific
- Don’t be exclusive
- Invite peer-to-peer recognition
- Promote recognition at the top
Have you received a long service anniversary award in your career?
What about regular, ongoing recognition? Which means more to you?
12 Jun 2012 2:13 PM
| Report Abuse