Madison is a global leader in employee recognition and incentives, pioneering digital programs since 1995. As an employee-owned company, we deliver recognition, events, and incentive travel solutions that strengthen culture and drive results.
Enterprise Power. Mid-Enterprise Simplicity.
In my last post, I talked about the power behavioral economics can bring to any rewards program. I stressed that those who knew the science and understood how it impacted human behavior could capture real advantages. In part one, I outlined the appeal and motivational pull that non-cash currencies have…
Companies who don’t leverage the power of behavior economics within their incentive plans are operating at a major disadvantage. They are ignoring the very real (and very actionable) lessons learned from the fields of psychology, neuroscience and sociology. In essence, they are disregarding the role emotions play in their employees’…
It’s no coincidence that the word “feedback” contains the root “feed.” Many business experts consider it “nourishment” for workers, and note that without a steady diet of it, the interest and enthusiasm of employees will wane. When dished out frequently (and digested properly) feedback provides talent with the substance they…
Done right, employee recognition has a significant impact on business results. But not all attempts succeed. In fact, some fail miserably. The question is, why? When it comes to their employee recognition initiatives, bad companies commit many transgressions, but the biggest stems from a lack of automation. Less than half…
Here’s a piece of irony for you. Today’s workforce is the most educated cohort in history. Thanks to curriculums heavy on science, technology, engineering and math, most current (and future) employees have no trouble grasping the functional requirements of their jobs. The problem is (and it’s a big one) that…
Fresh produce is often marked by a “use by” date. It’s there to guarantee quality and to make sure what you are about to buy hasn’t grown stale. Recognition programs should have such markers. Too many are out-of-date. They don’t reflect modern methods and techniques and they don’t quite measure…
In my last posting I talked about the positive impact employee recognition can have on retention. I offered a collection of statistics that defined its return and quantified the material impact it has on business. In this edition, I’d like to continue that discussion by outlining the symbiotic connection between…
In my last two posts I offered several stats that identified recognition’s impact on worker retention and productivity. To review, employee engagement triggered by the timely and consistent use of recognition, effects how profitable a company can become over time. Examining companies with higher levels of engaged employees uncovered noticeable…
According to the Bureau of Labor Statistics , nearly 1 out of every 8 full time employees makes their living in a sales capacity. Companies that employ salespeople have a lot riding on their success, which is why they spend over $20 billion per year training them. How do those…
Experts who examine labor market dynamics believe the retirement of Baby Boomers is setting up to be the biggest corporate brain drain of all time. Employees born between the years 1946 and 1964 represented one of the largest population swells in history. Now many have already retired, or at least…
