Madison Offers Valuable Advice on How to Cost Effectively Retain Valuable Employees


New York, NY. November 8, 2010 — Avoiding the long-term employee engagement problems created by salary freezes, downsizing, and other short-term actions by companies to rein in costs is the focus of a new executive briefing by Madison Performance Group.


“As organizations struggle to do more with less – contain costs, while maintaining productivity – they appear to be doing so on the backs of their best workers,” says Mike Ryan, senior vice president of Madison Performance Group, a premier global reward and recognition design and consulting firm. “Today’s businesses are closing acute productivity gaps, caused by layoffs and downsizing, by over-stretching those employees that remain. While this new economic reality may provide short-term answers for firms looking for balance, it appears to be doing severe damage to long-term employee commitment.”


The new electronic version of Madison Performance Group’s Performance Perspectives, “Cost Containment and Employee Engagement – Can These Competing Goals Be Reconciled?”, offers five ways organizations can use recognition techniques in a strategic and cost-efficient fashion to engage and retain high-performing employees.



Media Contact: Gina Jessica Smith Marketing Director 212.419.1388 gsmith@madisonpg.com


About Madison

As a global leader in Social Recognition, Madison provides enterprise-class organizations with employee recognition, incentives and service anniversary programs designed for the needs of today’s ever-changing workforce. Madison’s recognition strategy focuses on making managers mentors, reinforcing a sense of belonging, celebrating personal and professional milestones and emphasizing inclusion and diversity.


For more information: Madison Email: info@madisonpg.com Phone: 866.535.2543 Fax: 212.308.0646 www.madisonpg.com


ABOUT THE COMPANY

Madison creates cultures where employees love to work, learn, connect & succeed. 

 

As a global leader in Social Employee Recognition, Madison delivers intuitive and multi-faceted Recognition, Incentive, and Service Anniversary programs powered by Maestro, our uniquely configurable cloud-based SaaS technology.

With Maestro, our clients use social employee recognition to strengthen the bond between managers and their teams; and the relationship between employees and their companies.

CONTACT

18 East 41st Street

New York, NY 10017

212-758-4385

info@madisonpg.com

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