Employee recognition is a vital component of any successful organization. Having a sound understanding of financial levers related to recognition, such as rewards and incentives, businesses can create effective programs that will have the potential to encourage and motivate employees.
In this episode, we have explored various aspects of employee recognition, including its financial levers and how it impacts business results, with our guest speaker, Rebecca Oppenheim, co-founder of nextOPP Search, a women-owned, B Corp Certified recruiting agency built on a one-for-one model.
Financial levers related to employee recognition may include rewards and incentives such as bonuses, salary increases, or stock options. Crafting a compelling business case for recognition necessitates a deep understanding of the advantages associated with enhancing employee engagement, productivity, and retention.
Additionally, we have examined how employee recognition can help address the hidden costs of an under-recognized workforce, such as decreased morale and increased turnover. Ultimately, by investing in employee recognition programs, organizations can foster a positive work culture and drive tangible business results.
About the Speaker
Rebecca Oppenheim is the co-founder of nextOPP Search, a women-owned, B Corp Certified recruiting agency built on a one-for-one model. For every candidate hired, nextOPP donates career coaching services to a survivor of domestic violence working towards financial independence: Hire One = Help One. They work with companies from early stage to Fortune 500 with a focus on building diverse and inclusive teams. Rebecca was recently named to Entrepreneur’s 100 Women of Influence as well as Charleston’s 50 Most Influential in 2022. She is passionate about uplifting underrepresented communities is also a mentor with Backstage Capital.
Connect with Rebecca Oppenheim on Linkedin
Show Notes:
(01:02) Rebecca's corporate journey so far.
(02:05) How do you define an employer of choice?
(02:52) How has "employer of choice" evoled in a post pandemic landscape?
(06:31) What is the current perspective of candidates and organizations regarding Rewards & Recognition?
(08:57) What is the motivation behind "Hire One Help One" Program?
(12:55) From a benefits perspective, what are the highlights of your Annual Report?
(14:52) How to start B course certification process for organizations or their leaders?
(17:46) In what ways can organizations keep people engaged?
(20:42) When did you start using LinkedIn to measure the impact of your efforts?
(23:52) In what ways can social be used to reward & recognize employees?
(25:23) What will happen in the next 1-3 years in terms of Employee Rewards & Recognition?
