(I originally published this on the NewsGator blog but given today's CMSWire #socbizchat on Employee Engagement I thought it was appropriate to re-post.)
According to Gallup “Actively
disengaged employees erode an organization's bottom line while breaking the
spirits of colleagues in the process. Within the U.S. workforce, Gallup
estimates this cost to be more than $300 billion in lost productivity alone.”1
And that’s just the disengaged employees who stay at the company.
What about the ones who leave? Many companies I work with have found that
their highest attrition rates are with employees who have been with the company
for less than 5 years. That’s the group with whom they haven’t yet had
the chance to recoup their recruiting and training costs. Lower your
attrition rates and you lower your recruiting and training expenses.
These are just two reasons to make sure you have engaged employees.
One of things that Gallup asks
participants to rank in their Employee Engagement survey2 is “In the
last seven days, I have received recognition or praise for doing good
work”. Receiving recognition for a job well done is a key indicator
(one of Gallup’s 12 key indicators) of employee engagement. According to
Richard Florida in The Rise of the Creative Class (I interpret “creative” to mean
“innovative”) modern workers are motivated significantly by peer recognition3.
Who doesn’t like getting a pat on the back?
So where am I going with this?
Well, I use the stats to back up the use of Kudos badges within an organization.
These are badges (depending on your social business platform) that anyone in the company can give to anyone else by going
to that person’s profile on the intranet, choosing an icon that matches the
reason for recognition, and adding a description of why you are giving this
person a Kudo. I gave a Kudos badge to a co-worker and it
looked like this:
Hopefully this made Brian feel good
to be recognized for the work he does. I also targeted his manager and his manager’s manager, to make sure they knew what the customer had
said and to reinforce that Brian rocks. One of the reasons peer-to-peer
recognition is so important is that peers are often closer to the work a person
is doing than the manager is. This isn’t the first time I’ve given a
Kudos badge but for some reason something really struck me this time. You
want to know what I found? Giving the kudos made me feel good too.
This doesn’t mean I’m going to go on a random Kudos-giving binge to everyone
for managing to wear matching socks. It might mean though that I’m more
likely to give a Kudos badge the next time someone stands out by doing an
excellent job. And if I do it more often others will too. And if
the theory is true that one of our significant drivers is peer recognition,
that might just mean we are all more likely to exceed expectations on a regular
basis.
What would be interesting is to tie
Kudos into our performance reviews. They could be a virtual take on 360 degree inputs.
What about you? How are you
driving peer-to-peer recognition? Have you tied social into existing
processes like performance reviews?
1. http://www.gallup.com/strategicconsulting/121535/Employee-Engagement-Overview-Brochure.aspx
page 1, last paragraph
2. hhttp://www.gallup.com/strategicconsulting/121535/Employee-Engagement-Overview-Brochure.aspx
page 2