Employee Engagement Matters

After uploading a new Foolosophy video on the importance of Foolish recognition, we were delighted to see a sweet shout-out from our friends at YouEarnedIt. We implemented their employee engagement tool last year and Fools have been big fans since day one. This online app allows Fools to recognize fellow coworkers for jobs well done with “gold,” which can later be cashed in for prizes. So what’s in our YouEarnedIt redemption vault? Some pretty amazing stuff like Amazon gift cards, subscriptions to BarkBox and Beer of the Month Club, SouthWest Airlines vouchers, and much more! High-value rewards include a trip to our FoolUK office in London and a 3 day weekend in NYC for two.

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While these prizes are awesome, it’s the reason behind why Fools give gold that really matters. Even the little tasks deserve recognition, and now we can thank fellow Fools through YouEarnedIt. A public feed is active all day long so that we can keep up with the great work Fools are doing all over the world. In just a year, nearly 13,000 pieces of recognition have been sent – wow!

Receiving and sending gold excites Fools, plus our prizes inspire everyone to work even harder. Happy employees lead to a more engaged work environment and that’s what we’re all striving for, right?

Sharing Strategies with Glassdoor

We’re featured on Glassdoor’s Recruiting Blog today to share our top 5 strategies for how to be a better place to work. We spill (some) of our secrets for enhancing employee engagement, company transparency, and workplace culture. You don’t want to miss out, so click here to read our tips!

Do you have any advice that can help organizations improve for the better? Please share below, and don’t forget to Fool On!

 

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GLASSDOOR NAMES US THE BEST MEDIUM-SIZED COMPANY TO WORK FOR IN THE US (AGAIN!)

Have you heard the exciting news? Glassdoor has named us the #1 company to work for in America – for the second year in a row! Out of more than 125,000 companies eligible to win, The Motley Fool was ranked highest by those who know best – our Foolish employees.

Winners were determined based entirely on accurate and approved company reviews submitted to Glassdoor between November 13, 2013 and November 2, 2014. All of the reviews remain absolutely anonymous, and The Motley Fool took the top spot on the list for companies with fewer than 1,000 employees.

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What makes a company the best place to work? Besides a motivating company mission, employee engagement and workplace culture are also major factors. Head People Fool Lee Burbage adds,”We don’t believe perks drive our employee engagement, but feeling like your leadership team cares about you and what you want or need to be happy does drive engagement.” Our CEO Tom Gardner and a few other Fools share more in this exciting video:

 

Thanks to Fools near and far that contributed to our success. Fool On!

Yes, You Can Bring Your Parents to Work!

Maybe a version of “Bring Your Kids to Work Day” was part of your childhood, and The Motley Fool certainly continues this tradition every summer. We recently turned the tables and organized “Bring Your Adult Family to Work Day,” which hosted Foolish spouses, siblings, and parents. This event, the first held at the Fool in a few years, left everyone impressed – and informed. Financial breakout sessions, a company-culture breakdown, and lunch over a live taping of Motley Fool Money gave family members a glimpse into Fools’ lives here as employees.

Considering that only 1% of U.S. companies host such an event, it’s not surprising that many of my friends were unfamiliar from their own work experiences. However, more companies are inviting parents into the workplace. Google and Starbucks held their first parent events in 2012, and LinkedIn recently hopped on the bandwagon. Last November, LinkedIn hosted the company’s first “Bring In Your Parents Day,” which allowed guests to tour the campus and mingle with staff. In short, it sounded quite similar to our event – except for LinkedIn hosted nearly 600 family members.

Interestingly enough, there was once a time when companies didn’t roll out a welcome mat for employees’ parents. Managers saw them as a burden, furthermore “The hyper-involved moms and dads of the millennial generation were said to be showing up at job interviews, calling hiring managers on behalf of their kids and even complaining to employers about their children’s salaries.” The tides have turned and organizations are now embracing the idea of parents in the workplace – every so often, at least. Some argue that if employees’ parents appreciate the company, those staff members will be happier and more connected to the organization. The Washington Post feature continues, “If there’s any common theme to why companies have started involving parents more, that’s it: Showing the workplace off to parents, and better communicating with them, could stoke higher engagement among employees and make them less likely to leave.”

There’s a happy medium that can be found in parents’ workplace involvement. Our event was meant to be something fun and casual for Fools and their loved ones to enjoy. To take the idea a step further, Northwestern Mutual sends optional e-newsletters to parents and also organize recognition dinners, while Google offers the option of sitting down alone with their child’s manager.

It’s clear that companies can approach this type of activity in different ways. Can you see the benefits of hosting a parents’ event at your workplace? Why or why not?

Rewarding Your Employees: Try This New Method

Earning recognition for a job well done can give any employee a shot in the arm. When a boss or colleague shows appreciation, it ignites the drive and motivation for continued success. On a broader level, there’s believed to be a strong correlation between company reward programs and employee engagement.
 
Creating a fully engaged work environment is what every organization should aspire to achieve, but evidence suggests many workplaces are lacking en engaged employees. Gallup’s Global Workplace Report defines engaged employees as “psychologically committed to their jobs and likely to be making positive contributions to their organizations.” These employees drive innovation and company growth, plus it’s no surprise that they’re considered to be the best colleagues. Problem is, only 30% of the working population in the United States meets that threshold.
 
Over the past year, we’ve implemented a new employee-recognition program to boost our engagement levels. We started using a company called YouEarnedIt that provides a software platform for peer-to-peer gratitude. Our “Fools” can reward their co-workers with “Gold” for any action they feel worthy – helping with projects, hitting a major deadline, etc. Earned gold can be redeemed in a catalog of prizes that span from gift cards to cooking classes and travel experiences.
 
Kara Chambers, one of our People Strategy Fools, is a strong advocate of employee recognition in the workplace and has been pleased with how “Giving Gold” has caught on at the company. In addition, she likes that YouEarnedIt’s live feed allows employees to read all posted compliments. Kara believes the feed increases companywide communication about what projects Fools are completing. 
 
Being acknowledged in front of your entire company is awesome, but more research shows that the smaller, daily recognitions can also lead to deeper employee engagement. Each month, a small group of Fools are selected to attend an offsite event, whether it’s a soccer match or fun concert. An exclusive outing makes the reward even more special, and there’s a strong sense of collaboration in bringing different Fools together.
 
Trust us: rewarding your employees is a good idea. The success of your organization greatly depends on positive employee performance. Whether it’s a verbal compliment in passing or implementing an advanced tool like YouEarnedIt, you’ll likely be pleasantly surprised at the benefits of employee rewards.