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Total Rewards: What Motivates Employees? By Beth Hales, AgCareers.com Director of Sales
Total Rewards, which simply put, is anything and everything an employee receives and recognizes as valuable or rewarding. This topic is hot right now, and AgCareers.com has experienced an increase in inquiries around this subject. To bring it closer to home, an engagement survey conducted by Aon Hewitt just stated that 10+% of high performers have left their employer since the economic downturn, and it is estimated that 25+% are preparing to leave. That’s an interesting statistic that should make us think about ways to ensure that our employees, especially our top employees, realize the value and stay engaged to remain within our organizations. AgCareers.com organized a local networking session to dive a bit deeper into the subject of total rewards, and we’d like to share some of the main discussion points from the industry HR professionals that attended. One of the key areas of focus: We need to better understand what motivates each employee individually, but still be able to develop something that maintains some type of standard across the whole employee group. One way mentioned to keep rewards streamlined was to structure a rewards program where "gifts" were awarded for performance. The gifts that could be earned would be hot items like iPads. The drawback to programs like these seemed to be that they fizzle out, and a lack of communication long term tends to create disconnect.
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