Retain Talent and Accelerate Performance †MyAssignmenthelp.com

Question: Discuss about the Retain Talent and Accelerate Performance. Answer: Introduction: In this paper a perspective on employee recognition and engagement is highlighted. The hypothesis tested in this chapter is that recognition is the only factor influencing engagement in employees all over the world. This is tested for different countries in this chapter (Gostick Elton, 2009). The results suggested that the factors influencing engagement were career opportunities, integrity and identification of employees with the organization. The chapter also describes in detail how each of these factors are important. The next chapter prescribes methods and factors that should be considered when calculating rewards for recognition (Gostick Elton, 2009). It helps to focus on the parameters that should be considered while rewarding so that the right impact is obtained out of the same. The tools prescribes are the award level, the award budget and creativity of awards for performance excellence. The next chapter suggests ideas to reward the employees. It provides a total of 125 ideas (Gostick and Elton, 2009). All these ideas are based on the suggestions of managers all over the world. The chapter also highlights how recognition can boost management capabilities by grouping the ideas into five categories which include interaction, objective setting, recognition, responsibility and trust.This is the concluding chapter of the book (Gostick Elton, 2009). It predicts how recognition propels results and target achievement in businesses. It asserts that essentially short term forces do not help firms to reach objectives in the long run. It claims that recognition of one success provides momentum for thousands of other such successes and leads to long term growth for firms in any part of the world. References: Gostick, A., Elton, C. (2009).The Carrot Principle: How the Best Managers Use Recognition to Engage Their People, Retain Talent, and Accelerate Performance [Updated Revised]. Simon and Schuster.