SOS! My Budget May Be Cut!. Barbara Ruddy, CRP Barbara Ruddy, CRP STARS – Staff Training &...
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SOS! My Budget May SOS! My Budget May Be Cut! Be Cut!
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Transcript of SOS! My Budget May Be Cut!. Barbara Ruddy, CRP Barbara Ruddy, CRP STARS – Staff Training &...
SOS! My Budget May SOS! My Budget May Be Cut!Be Cut!
Barbara Ruddy, CRPBarbara Ruddy, CRPSTARS – Staff Training & Recognition STARS – Staff Training & Recognition ServicesServices
Sarah Wuertz, CRP, PHRSarah Wuertz, CRP, PHRRPI Executive Vice PresidentRPI Executive Vice President
LessonsLessons
How to defend a current recognition How to defend a current recognition budget based on databudget based on data
How to develop low or no-cost How to develop low or no-cost recognition initiativesrecognition initiatives
How to communicate changes in How to communicate changes in recognition strategiesrecognition strategies
RPI Planning ModelRPI Planning Model
Recognition StrategyRecognition Strategy 3 Dimensional Model3 Dimensional Model Formal, Informal, Day-to-DayFormal, Informal, Day-to-Day
Day-to-Day
Informal
Formal
Recognition BudgetsRecognition Budgets
Here are some guidelines:Here are some guidelines:
Percentage of payroll (salary only)Percentage of payroll (salary only)
Identify an amount per Full-Time Identify an amount per Full-Time Equivalent (FTE)Equivalent (FTE)
Benchmark with other Benchmark with other organizations your size and/or organizations your size and/or within your industrywithin your industry
Budget for a 3 Dimensional Budget for a 3 Dimensional ModelModel
Formal
D-2-D
Informal
Stakeholder PresentationStakeholder Presentation Identify your audienceIdentify your audience
Speak the same languageSpeak the same language
Enlist a champion’s supportEnlist a champion’s support
WIIFMWIIFM Improved retentionImproved retention Increased productivityIncreased productivity Improved attendanceImproved attendance
Defending Your BudgetDefending Your Budget
DataData Employee Satisfaction Surveys Employee Satisfaction Surveys Anecdotal informationAnecdotal information
Your Ideas and ExperienceYour Ideas and Experience
Review case studies Review case studies
Work as a groupWork as a group
Report outReport out
It’s Cutting TimeIt’s Cutting Time
Quality of the awardsQuality of the awards
MilestonesMilestones
IncentivesIncentives
EventsEvents
Getting Help From the Getting Help From the InsideInside
Internal On-the-Spot Internal On-the-Spot ProgramsPrograms
Getting Out The WordGetting Out The Word
What is the message?What is the message?
Who is audience or stakeholders?Who is audience or stakeholders?
What are the methods?What are the methods?
What are your resources?What are your resources?
Who is responsible?Who is responsible?
Final TipsFinal Tips
Keep your coolKeep your cool
Be prepared Be prepared
Get help – internal and externalGet help – internal and external
911?911?
Barbara RuddyBarbara Ruddy
[email protected][email protected]
Sarah WuertzSarah [email protected]
