Multinational corporations continue to increase hiring in emerging global markets including China, Brazil, India, Russia, Singapore, and Eastern Europe. Rapidly advancing technology and shifting demographics are blurring traditional borders and changing the way business is done on a fundamental level. Despite the hiring increase, employee engagement and loyalty across the global workforce has dropped significantly making it critical for companies to address their global recognition needs. In response to these evolving global trends, multinational corporations are focusing their attention on global talent management to combat low employee engagement, human capital challenges, and the prospect of ushering an entirely new generation into the workforce.
Preparing a global workforce for the future begins with focusing on the key drivers of employee engagement. Employees want to be treated with respect, have a sense of ownership in their company’s success, feel personal accomplishment in their work, and have confidence that their organization is headed in the right direction.1 A modern recognition program can engage your employees through a variety of methods, and lay down a clear strategy for future human capital challenges. Engagement is crucial to productivity, better financial performance, better employee performance, and restoring the world economy. Now more than ever, business leaders should be measuring and fostering engagement inside their own organizations.