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.
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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.