The power of employee recognition

employee recognition guideIt’s simple; motivated employees are productive and loyal employees. An employee recognition scheme acts as a fundamental tool when organisations are looking to attract and retain top talent.

Why is an employee recognition scheme essential?

  • Engaged employees are up to 43% more productive.
  • Engaged employees are twenty times more likely to improve your customer satisfaction and loyalty, productivity, turnover and profit.
  • Receiving a simple thank you increased the likelihood of a person’s willingness to help again in the future by 100%.
  • Over 35% of employees consider lack of recognition at work to be the biggest hindrance to their productivity.
  • 42% of employees consider a company’s reward and recognition programme when seeking employment.
  • The number 1 reason employees leave a company is from lack of recognition. The average cost for replacing staff is £6,125.

Strategically aligned recognition drives behaviours, actions and results! For more advice and guidance download our Guide to Employee Recognition here.

why is employee recognition needed

Data Sources: 

Hays Group Study

Employee engagement capability report 2012, Altus and RedBalloon

HR Zone

TJ Insite

Research and knowledge arm of TimeJobs.com

The Happiness Advantage- The Seven Principles of Positve Psychology That Fuel Success and Performance at Work by Shawn Achor

CIPD

 

 

John Sylvester

John is responsible for the motivation division of p&mm ltd. Specialising in developing, implementing and directing many large scale staff motivation, recognition and employee communications programmes.

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Comments

  1. Good points on the importance of employee recognition. Happy employees who are more engaged in their work are also more productive employees. Those are the kind of employees you want in your company. While you can look for motivated candidates in the interview, whether in person or through online video, it’s important to keep those new hires motivated. This means investing in employee recognition programs and making sure employees’ good work doesn’t go unnoticed.

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