Compensation Cafe: An Active Approach to Core Values

By Derek Irvine

Compensation Cafe logoRecognize This! – A social recognition solution aligned to core values helps ensure that those values are lived by all employees and actively managed by leaders.

Have you thought about where the core values at your company came from?

In all probability, they were developed as a way to successfully drive a specific culture and achieve organizational success. A senior leadership team spent a lot of time thinking through all of those relationships and what they wanted the company to be.

Far from a straightforward task, developing core values can be challenging. It all comes down to ensuring the right balance between aspirations and reality of how work gets done. As I wrote in a recent post on the Compensation Cafe, core values can often fall short of the goals for which they were developed.

This is especially true when “those core values aren’t embedded in the everyday experience of work, when they are unrelated to what drives success for the organization, or both.”

As I write in the full post, there are two ways that social recognition, when aligned to core values, can help avoid these problems and ultimately increase the effectiveness of the organization.

First, recognition allows colleagues to recognize each other on the basis of living core values through daily behavior and examples of positive performance. It takes advantage of top-down as well as bottom-up dynamics to spread an understanding of what the core values mean to the organization.

Second, social recognition provides a valuable feedback mechanism that allows leaders to actively manage and improve how core values are being lived. The data created by recognition moments can provide leaders and managers with insights into which core values are being recognized, how often, and how their definition may change over time or across locations.

Social recognition provides a way for companies to both ensure that their core values are being lived, and that they contribute to the success of the organization.

Does your company effectively leverage its employee recognition efforts to support core values?

Derek Irvine

About Derek Irvine

The VP of Client Strategy and Consulting at Globoforce, Derek Irvine is one of the world’s foremost experts on employee recognition and engagement, helping business leaders set a higher vision and ambition for their organizations. As a renowned speaker and co-author of "The Power of Thanks" and "Winning with a Culture of Recognition," he teaches companies how to use recognition to proactively manage company culture. Derek holds a B.Comm and Masters of Business Studies from the Smurfit Graduate Business School at University College Dublin.

2 Responses

  1. Tracee Barrier says:

    I so appreciate the shear presence of Globalforce and the concept of WorkHuman. I am in the construction/facilities industry and have experienced the worst of ethics. Currently I am seeking new employment and have found it challenging as I look deeper into their core values. My goal is to join a company that shares your values and remain until retirement. I am discouraged but determined. Keep the information coming!!

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