Recession 101

July 12, 2010

Recently I was cruising down the highway when I saw a billboard titled “Recession 101: Talent and experience are recession-proof assets.”  Billboard Image  The simple, but powerful message was printed in black and white on lined notebook style paper.  After a little investigating, I discovered these billboards have been donated by an anonymous donor.  This gracious person wants to help Americans stay positive during a down economy. 

The donor approached a top advertising agency with his ideas and then joined forces with Outdoor Advertising Association of America.  The messages are simple, yet motivating, using facts about past recessions and straightforward, light-hearted messages; one of the billboards can even be spotted in Times Square. Some of the messages read “Interesting fact about recessions…they end” and “Self worth beats net worth.”

These motivational messages are not selling anything, just merely uplifting the American spirit and are designed to remind us of what makes this country great.  The Recession 101 messages can be seen on numerous outdoor advertising formats including billboards, street furniture, and transit hubs in over 2000 locations.

Have you seen any of these Recession 101 billboards?  What are your thoughts?


Replace Compensation with Recognition?

June 2, 2010

As I mentioned last week, I recently attended the World at Work Total Rewards Conference sponsored by Towers Watson, the leading professional services company that helps organizations improve performance through people, risk, and financial management. The US Strategic Rewards Report (completed by Towers Watson) was highlighted at the conference noting growing companies in the US are investing more in their recognition programs because it is stimulating a greater energized and productive work force than compensation. The results from this year’s US Strategic Rewards Report created quite the buzz throughout the conference. 

Total Rewards are tools available to employers to attract, motivate, and retain employees.  Total Rewards consists of five elements: compensation, benefits, work-life, performance and recognition, and development and career opportunities.  The stress of the current economy has had an affect on the Total Rewards mix. What is the best combination to retain your employees and keep them engaged?

In 2009, recognition hit the radar with 23% of growing companies increasing the use of rewards and recognition while at the same time holding compensation flat or returning it to the former level; if it had been lowered.   An additional element of development and career opportunities is now part of the Total Rewards mix. Perhaps it’s because of the Gen Y’s hitting the work force by storm. 

In a typical organization, the Total Rewards elements would be weighed and given a perceived value by the employees; then employment decisions are made based on the value they place on the company’s Total Rewards package.  The employee has two options; take the job or look for a different employer they believe better suits their needs. More importantly, the Total Rewards elements impact the employee’s engagement and sense of value to the organization, the team, and their job. 

Now that’s a look at why recognition is so powerful  and is a very low cost way to stimulate engaged, productive, happy employees who take good care of your customers. Recognition is a valuable feedback and role-modeling vehicle.  It can also impact your culture – many successful organizations use it as a change accelerator. Whether it is adopting a new system or procedure or merely taking performance up a level.

Cost savings continued to be a strong focus at the conference; organizations are significantly reducing administration costs and increasing the perceived value of their existing recognition program by simply putting all recognition (safety, productivity, on-the-spot, manager’s discretion, health/wellness, years of service, and cultural/value-based) under one umbrella.  Our award-winning Anderson Enterprise Incentive Solution, AEIS® enables all employees to accumulate the recognition in one place and choose from a broader assortment of awards.  The management reporting is also a powerful tool to use for coaching.

What Total Rewards elements are on the top of your list? Is recognition on the top of your list?  Are you getting a significant return on investment in your people?  Are you stimulating continued improvement?


WorldatWork Conference Highlights

May 24, 2010

Last week I attended the WorldatWork Total Rewards Conference in Texas.  To be honest, this was one of the best conferences I have ever attended. 

The highlight of the conference was the opening session with Jeff Taylor, the founder of Monster.com.  He had a great message; if you want to be successful, you need to be an entrepreneur, not just in business, but in life.  Everyone can learn something from this message. 

He uses “FAME” as an acronym to communicate how you can achieve FAME:

F - Be a FREE Agent. If you do exactly what you are supposed to do and do a good job, it is not enough.  You need to work harder than anyone around you.  Seek out to learn more and ask for opportunities even if your plate is full. Volunteer to take on more at work and outside of work.

A -Train like an ATHLETE.  How hard can you work?  Athletes train sunrise to sunset.  Many athletes continue to work hard, even through pain and injury. They are innovative and focus on improving with diet, coaching, etc.  Try new things, work hard, and constantly push yesterday’s limits.

M - Prepare like a MARKETER in everything you do. If someone asks you “How’s it going?” and your key message is “Same Stuff Different Day,” it is highly likely you are going nowhere.  Prepare your message with a win for you and those who are listening.

E –Engage like an ENTREPRENEUR. Put yourself in the way; if you go to a meeting, run it. It is not about starting a business, but working on your entrepreneurial skills. Be a leader.

Fame will come to those whose skills are top notch and engage outside their job description.  What do think about Jeff’s message? Can you use FAME in your daily tasks?

Stay tuned . . . more to come from the Total Rewards Conference. Learn how a company’s flexibility and expansion of rewards and recognition is key to their innovation and employee retention.


Feed My Starving Children

March 1, 2010

As a person who is passionate about giving back to our world, I am always looking for meaningful ways to support socially responsible organizations and the individuals they benefit. Last week, a group of us from Anderson Performance Improvement experienced an afternoon at Feed My Starving Children (FMSC). 

Feed My Starving Children is a non-profit Christian organization committed to feeding starving children around the globe.  The success of the organization is due to its fun and easy approach; school-aged children and adults pack meals formulated by food scientists for starving children.  Once the meals are packed, they’re sealed, boxed and stacked on pallets ready for shipment.

FMSC sends meals all over the world, including El Salvador, Haiti, and Nicaragua, to name just a few. We learned how our 2 hours of effort can change the lives of hundreds of children.   At the end of the day, we were able to feed 33 children for one full year!  It was truly an amazing experience. 

What is your organization doing to support social responsible initiates?  Please let me about.


Conversationalist has a new meaning…

February 17, 2010

I recently ran across an interesting article in Advertising Age about “Reaching Out to Conversationalists.”  Conversationalists – who are they?  I asked the same thing.  According to Merriam-Webster, it is one who converses a great deal or who excels in conversation.  But wait, a new meaning has emerged!  According to Forrester Research, it is the group who has the behavior of rapid back-and-forth discussion in social media networks (like Twitter and Facebook) at least once a week.

The group’s demographics might surprise you.  You might picture college age, male – well, guess again.  70% of this group is 30 or older, 56% female, household income is $2000 higher then the average online consumer, and their level of engagement is sky-high!

To me, the biggest shock is the number of online consumers who are NOT using social media, which is down to 17% and dropping at a quick rate. Are you using social media to its full potential to reach possible clients?

As we all know, social media is a successful way to market your business.  It’s a great way to expand your blogging efforts, gain exposure to your products and services or find a new salesperson for your organization.

For example, consider Ford using social media to promote a new Fiesta model.  They invited dozens of social media users (with a specific demographic, of course) to live with the car for six months. Not only are they receiving valuable feedback, but they are also building a broader awareness of Ford.  This really shows Ford cares about what their customers (and potential customers) think.

Or retail chain Target’s charity campaign.  The company launched “Bullseye Gives” an online voting application on Facebook.  Users select one of the ten charities listed they would like to see funds allocated to.  The money is given out on percentages; 10% of the votes gets 10% of the money. Because these social media applications are so smart, the vote is published on your Facebook feed which means your friends will see it – and more and more will become fans of Target.  Very clever!

How can social media campaigns work for you?  What are your organization’s strategies using social media?


How to Make a Sale in a Down Economy

January 25, 2010

During this down economy, I have been approached by several colleagues on how to increase sales.  The typical question I receive is “What is the fastest way to increase sales in our current economy?” This particular message was sent from the CEO of a mid-size company. During these difficult times, it is a whole different ballgame and you need to target your sales efforts differently.

Everywhere you look companies are slashing budgets, but you can still make the sale.  How do you handle that less than desired answer “We don’t have a budget for that.”  You want to make sure your sales people have the right focus.

According to the Harvard Business Review, “In a Downturn, Provoke Your Customers” (March 2009), by using provocation-based selling, they persuade customers that the products or solutions you bring to the table are not just nice, but necessary.  How do you change your existing sales force to this new way of thinking?  Recognize them for making the transition to the new desired tactics.

Here are 3 steps provided by the Harvard Business Review that you can do to ramp up your sales force.

  1. Identify a critical problem facing your customer, something so large that the company will locate the funds.  Ask yourself “What is keeping the CEO up at night”?
  2. Bring a new perspective to the problem; use research and brainstorming to create a new view for the problem.  For example, you are thinking X, and maybe you should be thinking Y.
  3. Target the executive to lodge the provocation with someone that has the power to approve it.  Many of the executives you and your sales force have forged relationships with are no longer there, but you can motivate those new contacts by using provocation-based selling.

Of course, this approach is not going to happen overnight or be the answer to all selling situations, but it can shine a new light on age-old selling problems. It can get everyone thinking in the right direction.

No matter what your sales strategies are for 2010, it is most important to reward those sales people who are creating innovative solutions and those who break new sales barriers. Take a look at my white paper, “Impact Your Bottom Line Now, Build a Culture of Recognition.”  Creating a culture of recognition can and will impact your sales people by creating engaged and motivated employees.

What are your strategies to increase sales within your organization?  Does it include recognition? I would love to hear your thoughts.


Transparency is Key to Success

October 26, 2009

This week I wanted to discuss my thoughts about the need for transparency in the workplace. Transparency is one of our core values at Anderson Performance.  A couple of years ago, my company had its first experience with transparency. We decided to make a big change in our technology department and using transparency made for a smooth transition.

You might ask yourself, what is transparency and why is it so important?  According to Business Dictionary.com, the term transparency means the availability of full information required for collaboration, cooperation, and collective decision making. In a nutshell, honesty and openness. 

The Anderson Performance team decided to change our technology with a new platform and infrastructure.  This enabled our clients to have access to a full range of tools and information via filterable reports with the capability of downloading data. At the time, this data was only accessible by our internal IT department. Even a simple data pull was costly for the client.

This change would ultimately benefit our current and future clients by reducing costs and adding the ability to change their platform immediately. Whether it was launching a new incentive or posting a new quiz or survey, the tools were available at any time. But our team was not happy.  They felt our customers did not want a “self-service” tool.  They could see how it would benefit our smaller clients, but felt nothing would change with the larger clients.

Long story short, change started to take place quickly.  Companies took the reins and administered 100% of their programs. We implemented quarterly strategy meetings to look at how they could innovate and improve even more. What happened inside our company was transparency. Showing our employees, from the beginning of the process, the new model and the projections associated with staffing changes was key.  We had open conversation about what our employees really wanted to do and how they should continue to invest in their skills.  We offered assistance to anyone with resume review or training that would expand their skill base.

Using transparency returned a measurable increase in productivity and some very innovative ideas.  Change can be stressful, but properly channeled it can be the stimuli for improvements of all kinds.

What is your organization doing to promote transparency? Are you rewarding individuals who are exhibiting examples of transparency?


What’s New at the Motivation Show

October 12, 2009

Last week I attended the annual Motivation Show in Chicago. So you might ask, what’s new?  First off, I am truly amazed how the performance improvement industry is growing in this economy.

Many companies (mostly mid size, 4000+ employees) for the first time are seeking a rewards and recognition partner. These companies have been running programs themselves for years. Unfortunately, they never took the time to formalize their recognition efforts, and quite possibly, many programs were running throughout their organization at the same time.   Not only were results improperly tracked, ROI was not on target.  Talk about throwing money out the window! 

While good companies realize the importance of motivated employees, they are also looking for cost savings and value. Organizations are looking at what is being spent annually and are realizing a centralized recognition system would save thousands.  An experienced partner can assist with powerful online reward and recognition tools, allocating funds, budget creation, and ROI tracking.  Check out the 2009 Circle of Excellence Award winners.

Also, a variety of players in the marketplace are morphing and changing.  Many of those who specialize in years of service, travel options or trophies are now expanding their horizons.  Not only are they providing their existing products and services, they are now offering a more complete array of services.  Goes to show this marketplace is changing just like any other industry in this economy. 

Another interesting take away from the show was the huge impact of green and socially responsible award suppliers.  More green and socially responsible “products” are appearing as reward choices.  And the Gen Y group is the number one fan!

If you attended The Motivation Show, I would enjoy hearing your thoughts and feedback.


The Motivation Show

September 24, 2009

Next week I will be presenting at the annual Motivation Show in Chicago.  Together with our client, Wolters Kluwer Law & Business, we will discuss how our online recognition platform enabled this organization’s managers to motivate their team members to improved performance.

Five years ago, Wolters Kluwer was looking for a flexible and reliable recognition tool that could be used throughout their organization.  And we had the answer.

Cindy Burrows is a training and development expert with Wolters Kluwer.  During the case study presentation, she will be sharing her journey over the past 5 years of incorporating her vision of accelerating learning and adoption of best practices. 

How she got there was through engaging managers and sales reps.  They started with centrally designed incentives and then turned the reigns over to each functional manager. Post program assessments were required to evaluate ROI. One focus of their incentive was utilization of their CRM system. Her basic strategy was “use it” – and she was right; the more contacts, the more sales. She also wanted to focus on their call center metrics of increasing knowledge, customer engagement, and cross selling, while utilizing a points-based recognition system to reward those who exhibited these behaviors and made improvements.

During this presentation, I will be over viewing effective online recognition tools and how achieving improvement toward your goals (and more) is possible. If you can’t make it to the Motivation Show, check out the presentations online after the conference.

I would like to commend Wolters Kluwer on their utilization of recognition to get more of what they want and to get greater financial growth.


Circle of Excellence Award

September 9, 2009

We’ve recently been awarded the prestigious Circle of Excellence Award from Incentive Marketing Association (IMA). I’m very proud of my team as well as my client for creating such a powerful recognition tool.

Just as a little background, the IMA Circle of Excellence Award recognizes those companies whose incentive and recognition programs most successfully motivate their employees or customers. Our client, Scottrade earned the top award for the Best Employee Recognition entry, Above & Beyond.

Scottrade wanted to maintain their “family like” culture.  They wanted a recognition program to make Associates feel respected and appreciated by their peers and by management. The Above & Beyond  program was created and designed to give associates at all levels the power to recognize their fellow counterparts via an online recognition platform.  The process was simple and the results are astonishing. 

Scottrade’s focus is doing what’s right and providing exceptional customer service. Perhaps that’s why they’re rated by Fortune magazine as one of the “100 Best Companies to Work For” in 2009 . They have a great culture.

You might ask yourself, what is the “culture” of your company?  If you feel like your company needs a better culture, especially if you’ve had a lot of recent changes due to the economy, try recognizing the BEHAVIORS and ACTIVITIES you want.  Make sure you recognize the things that support your core values and help you deliver your company strategies – i.e., increase market growth, innovation, or customer satisfaction. Did you know companies with a culture that is aligned to their business goals routinely outperform their competitors? Some studies report the difference at 200% or more.

In addition to driving business results, recognition and incentive programs grow employee culture – encouraging loyalty, engagement, and enthusiasm for the job. Undoubtedly, a recognition program is the most effective way in creating your company’s culture. In turn, you’re going to create a positive, fun atmosphere with engaged and empowered employees!

Does your existing recognition program reinforce your company culture? What do think should be done differently?