The employee experience is on the minds of many HR professionals. As more organizations are looking to enhance the experience, sometimes improving existing practices, like employee recognition can have great value.
When it comes to recognition, we know employees want it. In fact, lack of it is the number one reason employees would leave their current job. While the finite numbers and needs vary from generation to generation, it goes without saying: employee recognition is critical.
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Much is being written about millennial candidates these days—and for good reason. Millennials represent three-quarters of active job seekers and will comprise 50% of the workforce by 2020.
With CEO outlook for revenue growth exceptionally high and unemployment at its lowest level in six years, creating a millennial-friendly candidate experience has become a mission critical priority.
Are millennials really different than other generations?
Another year has gone by, and the time for making new resolutions has arrived. From being healthier and living better to being more kind – the goals are lofty for many. As I get back into the swing of things, I reflect on what I live and breathe every day: employee recognition.
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Over the last few months, Engage2Excel, along with several top recognition companies had serious concern. Why? It was over the repeal of Section 274(j) of the Internal Revenue Code, which has been in place for 31 years and contains rules on the tax treatment of “employee achievement awards.” A change that could bring devastating results to the reward and recognition industry.
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