RECOGNITION WORKS!

We give an award to the top sales guy, to the person with 25 years of service, to the truck driver with 1 million miles without a chargeable accident. We believe in the power of recognition. The why we do it may seem obvious, but it is a lot more than that.

We use recognition to:

  • Create a culture within the company that affects every attitude.

  • Say thanks and applaud success.

  • Teach others what we as an organization want to achieve.

  • Increase retention of employees.

  • Support Mission and Values.

  • Engage employees.

  • Encourage loyalty.

  • Increase customer satisfaction.

  • In summation, we believe in using recognition everyday to improve the bottom line. If that's important to you, then we're speaking the same language. Come with us on this journey.

    Take a look at the topics we have and see if we can help you with your recognition programs.

  • Need ideas for wording on an awards? See the Thesaurus.

  • Want to implement a sales award program but need to present the concept to management? Check out Sales Awards: An Overview.

  • Want to know the inside scoop on the Lombardi Trophy or the Oscars? Take a look at our ongoing series on Famous Awards.

  • Talk to us. We are here to help you.
    Showing posts with label implementing recognition. Show all posts
    Showing posts with label implementing recognition. Show all posts

    Monday, February 17, 2014

    PROVIDING A CONTEXT FOR RECOGNITION: HOW TO PRESENT AN AWARD

    by Dr. Bob Nelson
    Recognition Pro: Coaching Managers to Recognize & Reward


    Regardless of what forms of incentive, recognition or rewards you are using in your organization, you will achieve higher value if you are mindful of how such items are delivered.

    Take, for example, a five-year service award.  I contend the activity of personally recognizing that employee milestone is many times more meaningful than the specific token gift that may be received.  Instead of receiving a five-year pin, logo'd jewelry or a choice of gift delivered to your desk with a form letter several months after your anniversary, most employees would be far more touched to get a personal call or visit from their manager on the day of their anniversary.  Their manager could say something like: "I noticed it was your five-year anniversary today.  Can you believe how fast the time has gone?  I can still remember your first day of work!  I was excited about having you on the team then and I'm excited about having you with us today.  Thanks for confirming my good judgment in hiring you!"

    Of course, the manager would have to take some initiative to mark his calendar in advance and take a few minutes to connect with the employee on that day, but it's exactly those personal actions that give the interaction so much meaning for the typical employee.  The thoughtful, personal touch tells the employee that although you are busy, you are not too busy when it comes to taking time for an employee.

    In another example, I know someone who had been a part of a project team that lasted for quite some time.  The team members worked hard and they achieved significant results.  Many weeks after their last meeting, coffee mugs with an imprinted name of the project mysteriously appeared on each member's desk.  My friend's reaction was "I guess this is for all the overtime I worked on that project.  Some thanks!"

    Needless to say, the lack of context given to this recognition item undermined what otherwise might have been a very thoughtful gesture of thanks and teamwork.  Whoever went through the effort and expense to provide the coffee mugs could have pulled the group together--perhaps for a celebrations lunch--and distributed the mugs at that time as a memento of the team project with individual words of thanks for each team member.  In that instance the coffee mugs would have been more likely to serve as a symbolic reminder of that shared team effort for years to come.


    Besides making recognition more meaningful, providing a context adds a practical element to the activity as well.  It gives you a chance to:
    1. Specifically identify the desired performance thus eliminating any guessing on the part of the employee and creating a strong link Between the desired performance and the reward.
    2. Generalize the specific performance to a larger category of desired behavior such as teamwork, a company value or organizational initiative.
    3. Set a public example for other employees as to what things get noticed and rewarded in your work environment.
    Thus a manager can obtain a benefit on several levels by verbally recognizing an employee as follows:  "John, thanks for working late last night to help us wrap up that proposal.  I appreciate that you did it without being asked.  It's that type of initiative that tells me you're really committed to our group and it's exactly what we need to reach the goals we've all been aiming for this year."
    Taking the time to personalize the delivery of any achievement award adds to its values for all of us.  It creates an emotional impact that seems rarely felt today in the workplace.

    By providing a context for an award or recognition item, you have a chance to tie the item and event to a larger context for the employee, thus potentially connecting one's job responsibilities to a larger framework, a deeper sense of commitment and group purpose, and ultimately to the overall mission of the organization.




    Posted by Curt Denevan:

    Thursday, March 22, 2012

    Current Trends in Recognition

    Posted by Curt Denevan:

    Interesting thoughts provided by Mike Liubinskas, the co-founder of Pollenizer & Web Startups and a graduate of the Australian Graduate School of Management.
    • Young people want more recognition than financial.
    • Combining them reduces the value of each - i.e. paying someone for an excellent  job takes away from the positive esteem value of the recognition. 
    • Teams are more likely to share positive recognition with each other if it's pure recognition. 
    • People want a balance of daily small bits of recognition and occasional (a few times per year) big recognition.
    Seems like the folks in Sidney see things pretty much the same as we do over here. For more information on recognition, see www.rcbawards.com.
    .

    Wednesday, February 29, 2012

    Employee Engagement

    Posted by Curt Denevan:

    I have a dream. Come with me on this journey.

    • Employees spring out of bed excited to go to work each day.
    • 87% are more likely to stay in their jobs.
    • Managers seek to bring out the strengths of employees, not to harp on the weaknesses.
    • 70% more likely to be nice to customers.
    • Authentic recognition results in behavior that is social, strategic and powerful.
    • Profitability increases at the firm.
    • Engagement strengthens relationships at work. Work is social. Its about people.
    • Progress is visible at work, demonstrating the key to motivation.
    • Energy drives us: Spiritual, physical, emotional and mental. Energy is caught up in a mission that is greater than ourselves.
    • Engaged employees formulate the results the company should be seeking. Powerful results matter to managers, organizations, employees and customers.
    • Managers figure out how to make top performance worthy of employees' attention and provide feedback that is heard and followed by those employees.
    • Work is meaningful. Managers know this will sustain, engage and enrich people.
    • Magic Moments are nurtured. Make the most of these Magic Moments when managers engage with employees. Every connection you make, every day, has the potential to become a low point or a high point in someone's day. Make it a high point.
    • Toxic aspects of the workplace are eliminated. Employees are allowed to find a sense of well-being at work so they leave each day enlightened, not depleted.
    I have a dream. That this will touch everyone.

    Check out the short video from The Employee Engagement Network.



    http://www.involve.co.uk/

    http://employeeengagement.ning.com/

    Wednesday, February 8, 2012

    7 out of 10 Americans say work unrecognized!

    Posted by Curt Denevan:


    MAJORITY OF AMERICANS “NOT FEELING THE LOVE” WHEN IT COMES
    TO RECOGNITION BY EMPLOYERS, COMMUNITY GROUPS AND OTHERS

    GLENVIEW, Ill. (Aug. 20, 2011) – When it comes to getting recognized for
    their personal efforts, whether at work, helping others in their community or
    volunteering, almost 7 out of 10 Americans say their work goes widely
    unrecognized.

    According to a 2011 survey of 1,000 Americans, fielded by TNS
    Worldwide and the Awards and Recognition Association
    (www.recognitionisrewarding.com) this summer, 69 percent of Americans have
    not been recognized for personal efforts in the past year—either through work,
    civic or volunteer programs.  
    “It’s no secret that given the current economy employees are being asked
    to do more and more, and community organizations are stretched thin of
    volunteers so it’s surprising that companies and groups aren’t taking time to say
    “thank you” to those working hard,” said Louise Ristau, executive director of
    ARA, the industry organization promoting recognition.

    According to Ristau, it doesn’t take a lot of time or money to implement a
    recognition program, just a little effort.
    “Taking notice of those around us giving extra effort and making a
    difference, can be one of the easiest things we can do—from writing a note,
    giving a pat on the back, or creating an award,“ she said.
    Ristau and the team of experts at Recognition is Rewarding.com, the
    Association’s recognition group, recommend starting with simple gestures that
    can infuse positive energy and help boost morale.
    “Recognition is something we can do regardless of the status of the
    economy, which is particularly important when employers aren’t able to provide
    staff with raises and bonuses,” she said.

    GOOD DEEDS GO UNNOTICED—ADD ONE
    Recognize, Reward, Repeat
    The ARA has five tips for employers to start their own program to
    recognize their employees.  All are designed to develop recognition that is
    equally powerful for both the organization and the employee.  Tips include:

    1. Make sure all employees must be eligible for the recognition. 
    2. Be sure that both employers and employees have specific information about what behaviors or actions are being rewarded or recognized. 
    3. Ensure that anyone who performs at the level or standard stated in the criteria receives the award. 
    4. Take steps to recognize all honorees as close to the performance of the actions as possible so the recognition reinforces behavior the employer or organization wants to encourage. 
    5. Be impartial.  Don’t design a process in which managers “select” the people to recognition.  This type of process will forever be viewed as “favoritism” or talked about as “It’s your turn to get recognized this month.” 

    According to Ristau, another key to successful recognition is selecting the
    most appropriate kind of award. Tangible, public awards are proven to be the
    most effective, better than money or other means, to honor performance and
    achievement, she said.
      Questions to ask when considering what type of award to use include:

    • Does it represent what was accomplished? 
    • Is it attractive enough to wear or keep at home or in the office? 
    • Is it consistent with the purpose and image of the organization and/or accomplishment? 
    • Is it right for the level of representative of the importance of the  achievement? 
    • Is it in line with the budget/effort? 
    • Is the award well-crafted from high quality/affordable materials? 

    For additional guidelines for award program, visit www.rcbawards.com.

    About the Awards and Recognition Association:
    The Awards and Recognition Association (www.ara.org), an organization of
    nearly 3,000 member companies dedicated to increasing the awareness of the
    value and significance of awards and recognition programs.

    Monday, February 6, 2012

    Trends in Corporate Awards 2012


    Posted by Curt Denevan:


    Do you have a recognition program in your company? In May of 2011, World At Work-the Total Rewards Association, reported that 86% of companies have recognition programs in place. The average percent of payroll budgeted for recognition is at 2%, down from 2.7% in 2008, but still significant. Recognition programs for these companies boost employee satisfaction (71%), motivation (66%) and engagement (64%).  Awards for length of service are still the most prevalent, but more and more we are seeing companies using awards for “above and beyond” performance recognition (79%). The survey indicates that companies are opting in for programs that can have a more direct impact on their bottom line. That includes consideration of such things as engagement which leads to commitment and loyalty.

    Trends in the awards industry show a tendency to continue or strengthen annual or quarterly award programs. There is a tendency toward centralization of awards purchases as buying decisions are increasingly made by the corporate office rather than individual departments.  Demand for awards is increasing according to those in the industry. More companies are working on custom awards, something unique to the marketplace, which only their company will have.  Corporations seem to be ordering more than they have in the past. They want to make sure their employees are recognized. Raises and promotions may not be as prevalent-or even possible. There is a tendency to try to motivate people to do more. When the economy isn’t all that great and sales may be down, recognition tends to be an economical way to boost sales activity.

    Another interesting trend is a movement away from plaques and toward glass and crystal awards.  As companies look for something new and exciting to present, they are looking for awards that will be cubicle friendly. Corporate customers are looking for awards that look really classy, are personal in nature, and many cases, let the inscription or etching design carry the award. This allows the artistry of the award designer to become more valuable than the award itself. 

    For more information, see RCB Awards.

    Call 1-800-929-9110

    Monday, July 18, 2011

    On-The-Spot Recognition Programs: Instant Awards Points Cards

    Posted by Curt Denevan:

    Are you looking for ways of implementing an on-the-spot recognition program, but need an easy way to implement the program and still control the budget? Here you go!
    • Review your program goals and objectives.
    • Key in on a handful of meaningful targets that can be implemented.
    • Determine your budget.
    • Establish the timeline.
    • Prepare communications: announcement, tracking and follow up.
    • Order recognition cards in denominations that fit your budget.
    • When you catch someone doing something right, present them with a card!
    • Watch what happens next. The recipient can go to the website and cash in right away, or they can save them up and cash them in all at once.
    • Each card has a unique award code, unique to that card, so it can only be used once.
    • They have no expiration date nor additional fees and are available in denominations of $1, $3, $5, 10, $15, $20, 25, $50, $100.
    • Orders arrive in 10-14 business days.
    • Unused points are kept in the employee points account for future purchases.
    • Points cards are password protected for security.
    How can you make sure the program is successful?
    • Let them know what you are recognizing. Be specific. What they did to be recognized?
    • Connect their behavior to the organization's values and mission.
    • Recognize how the behavior represents the employee's best qualities, such as integrity, dedication, or accountability.


    Here are just a few reasons to recognize an employee on-the-spot with an Instant Award Points Card.
    • Always willing to help another employee
    • Taking initiative when needed
    • Making it happen
    • Stepping up and leading
    • Providing outstanding customer service
    • Sharing new ideas
    • Having a fantastic attitude
    • Having a positive approach to a problem
    • Being resourceful in accomplishing goals
    • Meeting a deadline on time
    • Going above and beyond expectations
    • Contributing to a project's success
    • Staying the course
    • Being a team player
    • Exhibiting dedication day in and day out
    • Acting as a mentor
    • Showing a can-do spirit
    • Thinking out of the box
    • Consideration of others
    For more information, contact RCB at 800-929-9110.  RCB Awards

    Friday, June 24, 2011

    SAFETY RECOGNITION PROGRAMS

    Posted by Curt Denevan:


    4 High-Impact Applications that are designed to reduce accidents, increase awareness, and save you money:
    ·     Stamp Programs
    ·     Point Programs
    ·     Webpoint Programs
    ·     Milestone Programs

    Extensive research has shown us that successful programs are comprised of 10 Elements that achieve top-of-mind safety awareness. Our safety incentive programs are custom designed to include all 10 of these elements:
    ·     Simple & Well Defined Rules
    ·     Accrual Design
    ·     Short-Term Recognition Periods
    ·     Individual Recognition
    ·     Human Interaction & Peer Recognition
    ·     Useful & Desirable Awards
    ·     Family Involvement
    ·     Immediate Gratification
    ·     Positive Reinforcement & Continuous Communication
     ·     Management Support

    Our programs are designed to fit any budget and culture and maximize your investment.


    REDUCED ACCIDENTS EQUALS REDUCED COSTS EQUALS INCREASED PROFITS.
    For every $1 invested in an effective workplace safety program, $4 to $6 is saved.
    -American Society of Safety Engineers
    The financial burden of serious workplace injuries is costing U.S. businesses nearly $1 Billion per week and is rising.
    -2004 Liberty Mutual Workplace Safety Index
    96% of all workplace accidents are triggered by unsafe behavior.
    -Occupational Health & Safety Magazine

    An effective overall safety program will include:
    ·     Training
    ·     Safety Incentive Program
    ·     Environment
    RCB can help you Decrease accidents, Increase safety awareness, and Improve your bottom line.

    HOW DO WE DO IT?
    1.  STAMPS - High-Touch/Low-Tech
    2.  POINTS - Virtually No Administration
    3.  MILESTONES - Recognizes One-Time Events
    4.  WEBPOINTS PROGRAM* - Password Protected Websites Customized to Fit Your Program
    *Includes automated point calculations, enhanced multi-level reporting and capabilities that allow you to track, measure and compare safety performance metrics. 


    For more information, go to the website: Corporate Recognition Programs.

    CONTACT US FOR FREE SAFETY AWARENESS BOOK: The Missing Link, Proven techniques that can save your company millions of dollars in less than 12 months by Chuck Davis. 800-929-9110.


    Friday, December 10, 2010

    Formal vs Informal Recognition

    Research shows companies find a balance of formal and informal recognition is an effective way of keeping employees motivated and happy.  According to Greg Boswell, OC Tanner Recognition Company, the move to make informal recognition part of a corporate recognition strategy has been due in part to companies that are working to improve employee retention. In a study conducted by Robert Half International, 47 percent of executives surveyed said that recognition and praise were the most important factors in keeping an employee satisfied.  However, it’s often through formal programs such as career achievement or employee service awards, management can implement communication tools and effective training with the power to impact the entire company. “Formal recognition has the unique potential to tie every employee’s achievements to a company’s values and business goals,” said Boswell. “With ongoing formal recognition as a foundation, informal programs can be added to encourage spontaneous appreciation."



    Regardless of the size of the company and the scope of the work, all employees deserve the chance to be acknowledged for their contribution to the success of a company. It’s clearly a win-win situation for business, when people feel valued, they feel better and they perform better.  Not to mention how good it feels to be the giver.

    For more information, contact RCB Awards at 800-929-9110.

    Wednesday, December 1, 2010

    Corporate Awards Instill Motivation

    There are many reasons for giving corporate awards to employees:
    • recognizing results
    • exemplary behavior
    • motivation
    • dedication
    • showing appreciation for their loyalty. 
    Corporate awards allow recipients to display their accomplishments and take pride in their work. Even better, an award on an employee’s desk or in his or her office makes them feel appreciated, motivated, and dedicated to doing the best job possible. Here are some suggestions for corporate awards.

    • Plaques—Choose either solid-wood, acrylics in striking and unusual colors, or sustainable materials like bamboo.
    • Sculptures or Art Glass—Many are now made using recyclable glass materials.
    • Gift Sets—Golf, poker, cigar, and wine accessories are packaged in cases that feature space for personalization.
    • Crystal—These elegant items can include cups, desk ornaments, and art crystal.
    • Clocks—Time pieces are a classic choice and come in many shapes, sizes, and styles.
    • Creative Custom Awards—Consult with your local awards professional to create unique recognition items that portray or reflect the intended recipient’s accomplishments.

    Tuesday, September 14, 2010

    That Magic Moment

    Recognition – It’s a Powerful Tool!

    How do you get the most out of it?

    Companies that have an employee recognition program in place have demonstrated that they know how powerful recognition can be as a leadership tool. It makes a statement to the employees about what is important to the business and what is valued by the leaders within the company. It is also one of the most effective ways to reinforce an organizations culture, support its objectives and retain top performers.
    An effective recognition program achieves the following:
    ·         Builds self-esteem
    ·         Reinforces desired behaviors
    ·         Helps create an atmosphere of appreciation and trust
    ·         Promotes empowerment and involvement
    ·         Creates loyalty to a company
    While recognition is important, the way you choose to recognize an associate plays a key role in the overall success of your program as well.

    PREPARING FOR THE MAGIC MOMENT
    It’s easy to create a meaningful and memorable event for you and the individual being recognized. You can make the occasion special by following these few simple steps:
    ·         Choose a location for the presentation
    ·         Decide who will be present
    ·         Prepare what you will say

    Where will the Presentation take place?
    Whether you are planning a formal or more casual presentation, the event is important and can be a powerful management tool toward developing increased commitment to the company’s vision and core values. You can recognize an associate at his or her work place, or, if desired, in a more formal setting such as a banquet hall. Whatever the setting, remember that this should be a special event for the associate and their peer group.

    Who should be present?
    Imagine training for long hours for a big race and then winning first place, only you aren’t allowed to tell anyone about your victory. Our achievements in life, no matter how small, are more meaningful to us when we share them with others. Keep this in mind when deciding who will be at the presentation. The event will have much more impact if the associate is recognized in front of his/her peers (and senior management and additional guests if a more formal presentation is planned). This generates excitement for others to also strive for the high goals of achievement and recognition.

    What will the presenter say?
    The most important thing to remember is that the presentation should be personal. Consider the following when preparing what you will say:
    •          Address the associate by name
    •          Research important information including years of service, accomplishments and contributions prior to the presentation
    •          Share a work related short story or anecdote if appropriate. However, avoid embarrassing jokes or other comments that may make the associate uncomfortable
    •          Communicate that it is an honor for you to have the opportunity to recognize him or her
    •          Congratulate the associate, say “thank you” and shake his or her hand.

    Remember to make the presentation upbeat, fun and to the point. Your preparation will help make the event a memorable Magic Moment for all.

    For more information, see: www.rcbawards.com and www.rcbdonorrecognition.com.

    Friday, January 15, 2010

    The Presentation of the Award: That Magic Moment!

    Recognition – It’s a Powerful Tool!

    Companies that have an employee recognition program in place have demonstrated that they know how powerful recognition can be as a leadership tool. It makes a statement to the employees about what is important to the business and what is valued by the leaders within the company. It is also one of the most effective ways to reinforce an organizations culture, support its objectives and retain top performers.

    An effective recognition program achieves the following:

    • Builds self-esteem

    • Reinforces desired behaviors

    • Helps create an atmosphere of appreciation and trust

    • Promotes empowerment and involvement

    • Creates loyalty to a company

    While recognition is important, the way you choose to recognize an associate plays a key role in the overall success of your program as well.

    PREPARING FOR THE MAGIC MOMENT

    It’s easy to create a meaningful and memorable event for you and the individual being recognized. You can make the occasion special by following these few simple steps:

    • Choose a location for the presentation

    • Decide who will be present

    • Prepare what you will say

    Where will the Presentation take place?

    Whether you are planning a formal or more casual presentation, the event is important and can be a powerful management tool toward developing increased commitment to the company’s vision and core values. You can recognize an associate at his or her work place, or, if desired, in a more formal setting such as a banquet hall. Whatever the setting, remember that this should be a special event for the associate and their peer group.

    Who should be present?

    Imagine training for long hours for a big race and then winning first place, only you aren’t allowed to tell anyone about your victory. Our achievements in life, no matter how small, are more meaningful to us when we share them with others. Keep this in mind when deciding who will be at the presentation. The event will have much more impact if the associate is recognized in front of his/her peers (and senior management and additional guests if a more formal presentation is planned). This generates excitement for others to also strive for the high goals of achievement and recognition.

    What will the presenter say?

    The most important thing to remember is that the presentation should be personal. Consider the following when preparing what you will say:

    • Address the associate by name

    • Research important information including years of service, accomplishments and contributions prior to the presentation

    • Share a work related short story or anecdote if appropriate. However, avoid embarrassing jokes or other comments that may make the associate uncomfortable

    • Communicate that it is an honor for you to have the opportunity to recognize him or her

    • Congratulate the associate, say “thank you” and shake his or her hand.

    Remember to make the presentation upbeat, fun and to the point. Your preparation will help make the event a memorable Magic Moment for all.

    Tuesday, January 12, 2010

    What Gets Recognized Gets Done: Sears

    In the 1990's at Sears Roebuck, there was a position called Recognition Manager. The man that held the position was responsible for implementing all the recognition programs at Sears. These included on-the-spot recognition of associates, length of service recognition, marketing recognition programs, sales achievement programs and quality supplier programs. This, besides all the departmental programs and existing programs, had to be blended into a cohesive plan to meet certain goals and objectives.

    The first task when he was hired was to take an inventory of all the programs that Sears had. At the Hoffman Estates headquarters location alone, there were over 5,000 associates, with tons of embedded programs that had to be identified. Once done, the budget that was being spent across the company could be determined. This turned out to be a staggering number, since so many of these programs were department based out of what amounted to 'discretionary funds'. 

    His next task was to identify which programs had a positive ROI, and which programs were positive for team building and morale. It was not an across the board decision as to which would be kept and which would be discarded. The idea was to consolidate the entire package into a series of programs that could be measured by management and show a positive return. It was a huge undertaking and a number of toes were stepped on in the process, as some pet programs had to be eliminated. The good ones were kept around though, and new ones implemented. 

    One challenge, was to address the symbolic recognition that the Sears Tower service award pin represented. While the pin had great tradition, the tower had just been sold, it was unclear what the status of the name 'Sears Tower' was going to be, and the idea of annually presenting 35,000 lapel pins with the Sears Tower on them just wasn't going to work. The new design focused on the Three Compelling triangles, which was a reference to the company mission statement (adding value to Shareholders, Customers and Associates). It is always hard to break away from longstanding traditions, and many recognition programs at Sears were affected. Additionally, the company wanted to add something tangible to the symbolic recognition, and a gift program added to the service award pin was the result.

    The real challenge for the recognition manager at Sears, was to keep people engaged in the process. He needed them to buy into the bigger picture of what Sears was trying to do.  This was difficult, as many department managers had very good programs that they had implemented at the local level, and they were not eager to let go of them. On the global scale, some of the programs like the quality supplier recognition called Partners In Progress, were hugely successful. They recognized the top 2% of the suppliers to the Sears product line. To receive one of these awards as a supplier was a huge accomplishment. The very top 12-20 suppliers received the coveted Baccarat Crystal Tower on a custom base. The rest of the quality suppliers received a top of the line plaque with the Three Compelling triangles pressed into a metal medallion made from a mold. The program was very prestigious and received with much fanfare.

    Sears evolved. Management changed. People created different focus. The roots of many of the success stories at Sears are founded in the roots of the recognition organization, and the sign on the recognition manager's desk: What Gets Recognized, Gets Done. 

    Tuesday, January 5, 2010

    Wells Fargo responds to criticism over recognition spending





    Wells Fargo responds to criticism over recognition spending
    The Value of Team Member Recognition

    Okay, time out. Something doesn't feel right.

    Everyone agrees that in this economic environment, all employers should re-examine how much they spend on recognition events for their employees. Especially publicly-traded companies owned by their shareholders. Especially institutions that received investments from U.S. taxpayers through the U.S. Treasury's Capital Purchase Program.

    The problem is many media stories on this subject have been deliberately misleading. These one-sided stores lead you to believe every employee recognition event is a junket, a boondoggle, a waste, or that it's for highly-paid executives. Nonsense! Because of the misperceptions these stories have created, Wells Fargo has decided to cancel all its major annual recognition events for its team members for the rest of this year.

    So who gets hurt when this happens? The Wells Fargo team members across America who are most deserving of recognition and our gratitude. Tellers, Personal bankers. Phone bankers. Financial advisors. Mortgage salespeople and processors. Operations clerks. Technology specialists. Credit analysts. All of those who make it possible for our customers to save, invest, own homes, and build businesses that create jobs - team members who enabled us to make more than a half trillion dollars in new loan commitments and mortgage originations in the last year and a half. These team members work long hours to support their families and to make sure we give our customers the very best service we can possibly give.

    Annually, for the past 20 years, we've recognized our top team members from various businesses at several special four-day events, like the one we had planned for our terrific mortgage team who helped us originate $230 billion in mortgages in the last year. For many, it's the only time in their lives that they're publicly recognized and thanked for a job well done. This recognition energizes them. It inspires them and their team members to want to create an even better experience for our customers. Another annual event - which our top performers in community banking had all looked forward to - was to have been held in May. But not this year. Who loses besides our team members? The workers who depend on our business. The hospitality industry. Hotel housekeepers. Restaurant servers. The airlines.

    The funds to pay for recognition events such as these do not come from the government. They come from our profits. We believe our profits actually increase by rewarding and recognizing our best performers in sales and in service. Competition to be recognized inspires everyone to work harder and smarter. We're as frugal as any company in spending our shareholders' money thoughtfully and responsibly. Events such as this are the heart of our culture because our product is service, delivered by caring, energized, talented, loyal team members who earn competitive, fair wages and benefits.

    We just hope the hardworking people of America understand, appreciate and support employers who try to do the right thing for their team members, customers, communities, and shareholders.

    Since we aren't thanking our award winners in person this year, we'll have to do it this way. Thank you, all our 281,000 team members.

    You are the best!

    John Stumpf
    President and Chief Executive Officer

    Reprinted from USA Today
    Monday, February 9, 2009

     For more information, contact RCB Awards at 1-800-929-9110.