1. “Organizations with the most mature employee recognition approach are 12 times more likely to have strong business results” - Bersin by Deloitte, The Employee Recognition Maturity Model, 2012
2. “When companies spend 1% or more of payroll on recognition, 85% see a positive impact on engagement” - SHRM/Globoforce Employee Recognition Survey, 2012
3. “46% of senior managers view recognition programs as an investment rather than an expense” - Briq - Drive Team Engagement with Employee Recognition Guide
4. “89% of managers running 4 results-driven employee recognition programs perceive those programs as meeting goals” - Briq - Drive Team Engagement with Employee Recognition Guide
5. “39% employees feel under-appreciated at work with 77% reporting that they would work harder if they felt better recognised” - (www.dcrstrategies.com)
While most companies would jump at an opportunity to offer a well-deserved serving of limelight to its employees, there’s always a lack of satisfaction about recognition in employees.
The importance of employee rewards and recognition is barely debated in the corporate space. Most companies would jump at an opportunity to offer a well-deserved serving of limelight to its employees. However, there’s always a lack of satisfaction about recognition in employees. Let’s try and get to why.
It’s possibly attributed to several logistical difficulties attached to running a successful employee rewards programme that infuses an inertia in many small and medium-sized companies to implement it. A report from the Aberdeen Group, The Power of Employee Recognition, 2013 states, “Only 14% of organisations provide managers with the necessary tools for rewards and recognition.” Again, for those companies that are spread across wide geographical locations, the entire exercise can result into an immense expenditure. For exactly these reasons, R&R is often sidelined.
However, thankfully with the help of high-end technology we are now in a position to wade through all such difficulties and show employees the appreciation they deserve. We say, going digital is the best way of avoiding logistical and cost hassles in gifting. What are your thoughts on ensuring your employee gifting on this festive season goes smoothly?