Despite countless reports, case studies and statistics revealing the vast impact employee recognition can have on productivity, engagement and motivation levels, organisations are often failing to recognise the efforts of their staff regularly enough or publically enough.
During financially difficult times companies need to turn to alternate methods to incentivise and reward their staff. Employee recognition programmes can be a cost effective and efficient way of maintaining staff loyalty.
According to a recent SHRM/Globoforce Employee Recognition Survey, companies with employee recognition programmes experienced a 22 percent lower turnover rate versus those without.
Taking on the mission that is constant recognition can seem a daunting task but investing in the right programme can be the first step to achieving both your company and employee goals…
Companies that allocate just one percent or more of payroll to recognition observe higher levels of employee engagement and retention and stronger financial results, making consistent recognition vital to any workplace. All your employees have the potential to become superheros in your business, are your recognising them as such?
John is responsible for the motivation division of p&mm ltd and a Director on the board of the IPM. Specialising in developing, implementing and directing many large scale staff motivation, recognition and employee communications programmes.
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- Employee recognition – It’s just nice to be nominated!
- Getting employees more involved
- Employee Engagement is a two way street