Tag: recognition

Recognition and Greener Pastures

recognition and greener pastures“The number one reason most Americans leave their jobs is that they don’t feel appreciated.” Wow. What a powerful statistic.  Expressing appreciation is a simple thing to do – regardless of the reason.  Ever worked on a large project and not received recognition for it? Bought a coffee for a friend and didn’t receive a ‘thank you’ in return? This article by Barry Deutsch lists several reasons why your employees may think greener pastures await somewhere else.  As Deutsch points out, “They (your employees) are turned-off, dissatisfied, bored, not learning, not feeling like they are having an impact, not appreciated, and not becoming something better for their time in that job. None of these important criteria for job satisfaction has changed since Maslow published his “Hierarchy of Needs” Model over 50 years ago. What was relevant back then holds true today.” I’m a big “In Summary “ kind of gal and when I found this infographic on “11 Things You Didn’t Know About Employee Recognition”, I had to share it with you! We have many people call and ask us how statistics back the incentive and recognition industry and well, here are just a few:

  1. 41 % of companies that use peer-to-peer recognition have seen increases in customer satisfaction
  2. 46% of senior managers view recognition programs as an investment rather than an expense
  3. 14% of companies indicated that their organization features recognition programs regularly when recruiting
  4. Companies with strategic recognition reported a mean employee turnover rate 23% lower than retention at companies without any recognition program
  5. Manager’s recognizing employee performance increases engagement by almost 60%
  6. Organizations with strategic recognition programs in place exhibit 28%lower frustration levels than companies without recognition programs
  7. Peer-to-peer is 35% more likely to have a positive impact on financial results than manager-only recognition
  8. When companies spend 1% or more of payroll on recognition, 85% see a positive impact on engagement.
  9. In organizations in which individual employees or teams are recognized results were approximately 14% higher than in organizations in which recognition does not occur
  10. Organizations with a strong employee recognition approach are 12x more likely to have strong business results
  11. Organizations with effective recognition programs had 31% lower voluntary turnover than organizations with ineffective recognition programs.

In summary (see what I did there), a successful recognition program can provide many benefits.  Don’t have a program in place?  Start small with simple gestures that show that you care and want the best for your employees … and contact us here to learn more.

Recognition and a Consideration of Culture

It has become almost cliché when discussing recognition to speak in terms of a “culture” of recognition, “culture” of safety, “culture” of appreciation, or “culture” of excellence.  There is good reason for this (I also use the term often), as “culture” conveys a system-wide permeation of common values, behaviors and beliefs. Culture as defined by… Read more »

Summer – A Time for Engagement

Engage. Engaged. Engagement. Right now, this word seems to be very popular among many organizations. How to engage employees? How to keep employees engaged? How to manage the engagement of employees? For most businesses engagement is defined as “an emotional connection an employee feels toward his or her employment organization, which tends to influence his… Read more »

Incentive and Recognition Program ROI – Review Objectives and Indicators

“I” “I BELIEVE” “I BELIEVE THAT” “I BELIEVE THAT WE” “I BELIEVE THAT WE WILL KEEP OUR INCENTIVE/RECOGNITION PROGRAM FRESH BY REVISING GOALS AND OBJECTIVES THROUGHOUT THE LIFE OF THE PROGRAM.” Now that we have that out of the way, I find myself guilty of not pushing clients to adjust program goals and objectives as… Read more »