Browsing: HR Strategy

While there may be signs that the Great Resignation is easing slightly, it’s clear the exodus of workers is a challenge leaders will have to contend with for the foreseeable future.

Research shows that growing, developing, and retaining your workforce has a direct, positive impact not only on corporate culture, but also the bottom line. Creating a culture of recognition, value, and positivity can help protect a company’s greatest asset: human capital.

A consistent stream of positive interactions fuels unparalleled, provocative workplace data and human insights, and draws on your entire organization as a community – unlocking human potential and innovating people to do the best work of their lives. The data proves it, over and over again.

Employee recognition is likely the single most underutilized management and culture-building tool out there. According to a new workplace study from Workhuman® and Gallup, 81% of managers and leaders say recognition is not a major strategic priority at their organization. And yet, employee recognition has the potential to help drive connection, boost engagement, and foster belonging – all critical areas when it comes to retaining talent.

Employee recognition programs offer employers the opportunity to acknowledge their employees for a job well done, and many leading companies have benefited from incorporating them into their company cultures, including Pfizer.

Workhuman and Gallup partnered to discover the correlation between employee wellbeing and strategic employee recognition – and the resulting impact on overall company growth and success. In a large-scale study of more than 12,000 employees across 12 countries, Workhuman and Gallup found that recognition is one of the most effective and affordable ways to improve wellbeing, sparking cultural transformation and helping workplaces achieve exceptional performance.

Walk into your local bookstore and there’s no shortage of advice for leaders and managers. Amazon offers 7,000 books about culture, 2,000 books on leadership, and more than 134 books specifically devoted to employee engagement.

As we move into a new era of work, there is one area that can make or break the success of your organization: the effectiveness of your managers. Managers are a key driver of employee engagement and business results.

Did you know that 95% of managers are dissatisfied with formal performance reviews, and 55% of employees say annual reviews don’t improve their performance? Because this inefficient process is hated by employees and managers alike, HR leaders today are urgently looking for a better solution.

A cloud-based project and team management company headquartered in Tel Aviv, monday.com, was looking to hire new team members in Brazil and Canada. However, the company did not have an entity set up there, making it complex to take the next step into a new market.