Jason Hall Shares Lithespeed's Peer-Based Recognition Program

Lithespeed's Jason Hall understands that keeping employees engaged and happy is important. Toward this end many organizations have reward systems: bonuses, shares, company lunches, even massages and boxed chocolates (thanks, Google!). But Jason highlights for us the fact that these rewards are doled out according to a hierarchical meritocracy: someone, whether a VP or senior manager, is deciding whether and who deserves recognition. While Jason thinks this is great and he has no beef with a meritocracy approach per se, but it doesn't reinforce team-based collaboration. Jason shares his experience at Lithespeed where they experimented with different rewards/recognition programs. First they tried a token- or penny-based system before landing on their "Recognize at Lithespeed" program -- a peer-based system that, Jason says, "hits the nail on the head": real-time recognitions that people email to each other rather than waiting til the end of the quarter, for example, which was the previous token-based model. SolutionsIQ's Josh Fruit hosts at Business Agility 2017 in New York City. About Agile AmpedThe Agile Amped podcast series brings Agile news and events to life. Fueled by inspiring conversations, innovative ideas, and in-depth analysis of enterprise agility, Agile Amped provides on-the-go learning – anytime, anywhere. To receive real-time updates, subscribe!Subscribe: http://bit.ly/SIQYouTube, http://bit.ly/SIQiTunes, http://www2.solutionsiq.com/subscribe-to-agile-amped-youtubeFollow: http://bit.ly/SIQTwitter Like: http://bit.ly/SIQFacebook