CHROs: 4 ways to drive productivity

This resource is brought to you by:

Topics Covered:

Asked how they were preparing for a possible recession, the #1 answer from HR leaders was initiatives to increase productivity. But saying it doesn’t make it easy to achieve.

How to solve a problem like productivity?

This is a notoriously difficult problem to solve. Productivity is hard to measure beyond certain metrics that apply only to specific roles, such as time on calls or orders processed. In today’s new world of work, most roles do not have this kind of simple productivity metric.

In the HR Preparedness Report research, Achievers Workforce Institute asked respondents to rate their own productivity. The immediate concern with self-reported productivity is that most people will over-estimate their own output at work. However, only 25% of respondents strongly agreed they were their most productive selves at work.

How recognition drives productivity

Nine out of ten employees say receiving recognition motivates them to work harder. And the rest of the research is just as compelling.

Recognition frequency correlates strongly with productivity. According to the HR Preparedness Report research, employees who are recognized weekly are three times more likely than those never recognized to say they are their most productive selves at work. The impact is incremental as well – those recognized monthly are 35% more likely to be productive compared to those recognized quarterly.

It’s not just recognition frequency, but a culture of recognition and having access to a robust recognition platform also support productivity at work.

The power of the right recognition program

Employees who report using the Achievers recognition platform are twice as likely as those with no platform to say that they are productive at work. In addition, these respondents are 62% more likely to be productive compared to users of other platforms. This shows the importance of having an effective recognition platform, which will drive the specific business outcomes that your organization is striving for.

Cultivating a culture of recognition

One of the biggest differences we see is with respondents who say their organization has a strong culture of recognition. These respondents are more than twice as likely (2.5x) to say they are their most productive selves at work. This shows the true power of recognition. When it becomes a core part of your organization’s culture it will drive results, including increasing productivity.

How to create a culture of recognition:

1. Empower managers and leaders to recognize
   When employees say their manager regularly gives them meaningful recognition, they are three times more likely to rate their manager as effective and these employees are more likely to say they recognize others at least monthly. Company leaders must model the behavior they want to see in their teams by recognizing often in a meaningful way.
2. Build a foundation of social recognition
   Some organizations limit their recognition strategy by associating rewards such as gift cards or points with every recognition. While monetary recognition has a place in reinforcing high-value behaviors, a heavy focus on this type of recognition reduces overall frequency. Encourage social or non-monetary recognition to increase frequency to at least one recognition per employee per month to move the needle on business outcomes such as productivity and retention.
3. Train early and often
   Few employers are training employees on recognition importance and best practices. Introduce the concept of recognition early in onboarding, and reinforce it regularly with ongoing training. A meaningful recognition is specific, individual, and impact-oriented. By teaching employees and managers how and why to give meaningful recognition you can build a culture of recognition.
4. Invest in an effective platform
   From measuring the right metrics to integrating with the programs you use every day, having the right recognition solution will drive both recognition frequency and business outcomes such as productivity, engagement, and retention. Find out how the right recognition platform could drive results at your organization.

Read more:

HR Preparedness Report
HR leaders: 3 steps to recession-proof your teams
VP of Total Rewards: The top outcomes of a robust recognition program
Infographic: Recognition to drive productivity and resilience

Read the report today