Why Recognize?
Higher Motivation
A well-structured and effectively communicated recognition initiative emerged as the primary driver for performance, surpassing financial incentives according to the majority of employees – precisely 67%.
Improved Retention
Organizations that adopted a strategic recognition program experienced a turnover rate that was 23.4% lower compared to those without such a program in place.
Return on Investment
Organizations allocating 1% or more of their payroll towards recognition witnessed an 85% boost in engagement!
What Employees Want
Employee satisfaction is vital for motivation, 58% say leaders should give recognition to improve work life.
Lower Frustration
Companies with established recognition programs demonstrated frustration levels 28.6% lower than those without such programs. Remember, a contented employee is a productive one!
Recognizing employees fosters positive sentiments between employers and their staff. While gifts don't have to break the bank, a well-executed recognition program entails presenting branded, high-quality items that symbolize the employee's accomplishments. It's the act of being rewarded that generates a sense of appreciation in the employee, potentially revitalizing their enthusiasm for an extended period.