Holiday parties, bonuses, and other forms of acknowledgement, including gifts, for employees’ work has symbolic value beyond the cash value that may be attached--research on employee recognition demonstrates that sincere, credible recognition is appreciated by employees and can enhance their motivation and performance. This week’s Feature from CCH HR Compliance Library looks at the long term benefits of providing such recognition during the holiday season and beyond.

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As the economy climbs out of the doldrums, the issues of employee engagement and retention may become more important to businesses striving to maintain productivity and their competitive edge. This week’s Feature from CCH News reports on the top HR challenge for the next three to five years according to the Society for Human Resource Management, and what to do about it.

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Understanding the future workforce can be a key element in deciding how to structure the work environment, as well as determining what kind of benefits would give the business a cost-effective result. This week’s Feature from CCH News reports on a study of 16- to 29-year-olds around the world, also called "Millennials;" Millennials are the most diverse group of employees in history, according to one HR experts, and when companies understand the commonalities, they will be better able to manage Millennials in the workplace.

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Retaining highly productive or high potential employees is an HR problem when business picks up and competitors start hiring. This week’s Feature from CCH News offers American Management Association tips on keeping your best and brightest, including creating an environment where such workers want to stay.

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Millennial workers—those born between 1980 and 2000—will soon be replacing the retiring baby boomers, and employers will have to learn to “understand their generational footprint in order to keep this tech-savvy, plugged-in group of employees engaged in their work,” ( Categories : Recruitment | Retention )

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Employers have up to two years in which they may be able to change a retiring worker’s decision by offering incentives to remain with the company, according to results of a survey by the nonpartisan Employee Benefit Research Institute.
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A “significant number” of workers leave their employers due to ineffective leadership and a lack of opportunities or challenges within the organization, according to an online survey by Right Management.
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Reward and performance management programs are not keeping pace with current business demands and needs, according to a new Towers Perrin study. Read more

Retiring baby boomers are already creating critical challenges in health care, and the oil and gas industries, according to a recently released study by WorldatWork, Buck Consultants, and Corporate Voices for Working Families. Read more

No surprise for Hawaii employers, a nationwide survey shows that of companies reporting a lack of affordable housing near their location, 67 percent believe it is having a negative impact on retaining qualified entry-level and mid-level employees. Read more

According to a recently released national survey by MetLife, employee retention was rated the most important benefits objective by more than half of employers. “Over the past 18 months, 22% of employees changed employers,” the study says. Read more

For the second consecutive year, the number of U.S. companies having difficulty finding and keeping critical-skill workers has increased, according to the Towers Watson Talent Management and Rewards Survey, a study of 316 North American companies, including 218 from the United States. Read more

Workers are poised for a mass exodus in 2011, according to a recent Right Management poll of more than 1,400 U.S. workers. Read more

Employee retention issues are on the organizational radar, but not a priority now in most companies, according to a new survey by the Institute for Corporate Productivity. Read more