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2 EASY FIXES TO GET MORE ROI
FROM RECOGNITIONBased on findings from the 2016 SHRM/Globoforce Employee Recognition Survey
“More companies are finding that recognition, appreciation, and human workplace practices improve overall
employee experience and fuel business performance.”
2016 SHRM/Globoforce Employee Recognition Survey
We know that recognition can help HR tackle key
issues in employee retention, engagement,
and satisfaction.
For example, workers recognized in the last few months are more than 2X as likely
to identify as highly engaged.*
*2016 WorkHuman Research Institute Report
But are all recognition programs created equal?
No, not according to nearly 800 HR professionals surveyed in the
2016 SHRM/Globoforce Employee Recognition Survey.
800
Here are 2 important ways to get more from your recognition program.
Yay!
BASE YOUR PROGRAM ON ORGANIZATIONAL VALUES.
1
60% of those surveyed have a program that is tied to organizational values. (Only 21% have a program not tied to values.)
Organizations with values-based recognition are 9X more likely to rate
their program as excellent.*
*2016 SHRM/Globoforce Employee Recognition Survey
Values-based recognition also outperformed other programs on
every metric evaluated:
…just to name a few.
DELIVER A STRONG ROI
INSTILL & REINFORCE CORPORATE VALUES
MAINTAIN A STRONG EMPLOYER BRAND
2
INVEST 1% OF PAYROLL INTO REWARDS & RECOGNITION.
Companies that invest at least 1% of payroll on recognition are nearly 3X as likely to rate their
program as excellent.
They are also:
3.5X more likely to say their program
helps attract new job candidates
2X more likely to say their program
helps retain employees
Free recognition–“e-thanks”–doesn’t work.
hey, thanks
Companies that put no budget into their recognition program are 5X more likely
to rate their program “poor.”
So if you really want a state-of-the-art recognition program:
Tie it back to core values.Invest 1% or more in your program
2
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Download the Report EMPLOYEE EXPERIENCE AS A BUSINESS DRIVER
#WORKHUMAN
click here
Call a Globoforce expert today to learn how to get more ROI from your recognition program.