I enjoyed reading your article and it sounds like your company is a good company to work for. It is tough these days to keep employees motivated when the news is continualy filled with doom and gloom. Our company tries to build team spirit by celebrating new product launches, employee personal achievement (in and out of work) and birthdays/births/marriages etc. We all go out for lunch or send flowers etc.
Recogniition is one important factor for employes to maintain their enthusiastic levels in line. They will feel excited for getting recognition which is helpful for company finally it finishing projects on time. As you mentioned single thanks will be enough to recognize the employee work.
It's great to see a message thread like this--it sounds like there are a lot of companies out there that are great to work for. Hats off to them all and for reminding folks such as myself what's really important.
The rewards and recognition are the first thing that company think of to motivate employees. I am sure that every company have these rewards in place. But most importantly motivation comes from the realization that your company value you and your work. Those companies who have philosophy of hiring and firing with the economic conditions may not motivate their employees that much.
My company is one company which pay less but there are enough opportunities to get extra cash and rewards through innovation and that keeps me motivated.
I am also one of the fortunate ones that have a company that puts the needs of the workforce into consideration. All the positive supports that you mentioned are provided and staff are given opportunites to voice their opinion on how the company is doing both within and in relation to service provision to customers.
Its not only monetary compensations that the staff yearn for. The key concern for the staff is maintaining a work evironment that has minimal stress. This has been achieved through proactive planning and staff input into planning and implementation of processes within the company that affect the staff. Overall, my company is a great place to work with room for growth.
I agree with you that these days, employees are taking on more responsibility and working harder than ever due to economy. There are many ways as incentives at low cost at this time of economy to recognize employees accomplishments. For instance, my company do give mostly a set of movie tickets to employees that performed beyond target in a month or give a gift card. These are at low cost.
I am very happy to leave a comment for this blog because i am just back from a retreat to Egypt organized by my company to destress our minds and to think better for the next couple of months.
They follow different practices like outstanding person amoung the whole company, next moment of fame.
More than any reward or money company gives us complete freedom to do what we like to and also we are encouraged to take up job rotation with different sub companies and also different departments.
Even in these tough economic times, the company I work for still takes care of its employees and recognizes that without them, they wouldn't be in business. The company continues to give merit raises and cash awards for accomplishments. Managers are quick to give praise for a job well done.
In these times it's very easy for companies to forget about their employees and focus on the bottom line, thankfully my company still cares about the employees.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Archived Dialogues
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.
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