Dow Named O.C. Tanner Recognition Leadership Award Winner
Dow Recognized For Being a Leader in Employee Appreciation
SALT LAKE CITY—Sept. 15, 2016—O.C. Tanner, the global leader in recognition and engagement, today announced The Dow Chemical Company (NYSE: DOW) as its 2016 recipient of the Recognition Leadership Award for its outstanding results in building a culture of communication, collaboration, and appreciation of great work.
“Dow is honored to receive the 2016 Recognition Leadership Award, which is a testament to our company’s focus on building a culture of appreciation,” said Johanna Söderström, Corporate Vice President, Human Resources. “Recognition and appreciation are not only corporate priorities, but they help our employees thrive. Our goal was to develop a global strategy that also connects with each employee on an individual level, and O.C. Tanner has been a great partner in this journey.”
Each year, O.C. Tanner honors one of their outstanding client organizations whose efforts in helping employees feel appreciated have set it apart in its industry and with its employees. The selection is based on the extent to which recognition is strategically integrated with the winning company’s organizational goals and culture, the frequency and reach of recognition experiences throughout the enterprise, the level of senior leadership involvement and support, and its ability to measure and attain exemplary results.
O.C. Tanner selects this winner from among thousands of clients, which includes many from the Fortune Best Places To Work and Global 2000 lists.
The culture at Dow, when described by their own employees, is a culture of openness, innovation, diversity, team spirit, and growth. By focusing on the feedback they heard from their employees, they made changes to their recognition program companywide.
With approximately 50,000 employees in nearly 180 countries, Dow is an iconic global brand that has transformed the way it recognizes the great work of its employees.
In just a short period of time after launching in 2014, Dow has seen incredible results from their work with their Accelerate Great recognition program. An employee recognition moment occurs at Dow every three minutes, resulting in 165,500 recognition moments in 2015, an increase of 18 percent from the previous year. Additionally, 84 percent of Dow’s employees are engaged in formal recognition, up 11 percent from 2014.
“In a remarkable amount of time Dow has been successful in elevating a culture of appreciation that is personalized and creates an incredible emotional connection for its employees around the globe,” said O.C. Tanner President and CEO Dave Petersen. “Their desire to jump in and innovate their recognition strategy was impressive, and the outcome even more so.”
Dow was presented the O.C. Tanner Recognition Leadership Award during O.C. Tanner’s annual Executive Recognition Summit in Chicago.
About O.C. Tanner
O.C. Tanner, number 61 on the 2015 FORTUNE 100 Best Companies to Work For® list, helps organizations create great work environments by inspiring and appreciating great work. Thousands of clients globally use the company’s cloud-based technology, tools, awards and education services to engage talent, increase performance, and create experiences that fuel the human spirit. For more information visit octanner.com.
Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from material, polymer, chemical and biological science to help address many of the world's most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. Dow's integrated, market-driven, industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 180 countries and in high-growth sectors such as packaging, electronics, water, coatings and agriculture. In 2015, Dow had annual sales of nearly $49 billion and employed approximately 49,500 people worldwide. The Company's more than 6,000 product families are manufactured at 179 sites in 35 countries across the globe. On June 1, 2016, Dow became the 100 percent owner of Dow Corning Corporation’s silicones business, a global company with sales of greater than $4.5 billion in 2015, 25 manufacturing sites in 9 countries and approximately 10,000 employees worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.