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2 EASY FIXES TO GET MORE ROI FROM RECOGNITION Based on findings from the 2016 SHRM/Globoforce Employee Recognition Survey

2 Easy Fixes to Get More ROI from Recognition

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Page 1: 2 Easy Fixes to Get More ROI from Recognition

2 EASY FIXES TO GET MORE ROI

FROM RECOGNITIONBased on findings from the 2016 SHRM/Globoforce Employee Recognition Survey

Page 2: 2 Easy Fixes to Get More ROI from Recognition

“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

Page 3: 2 Easy Fixes to Get More ROI from Recognition

We know that recognition can help HR tackle key

issues in employee retention, engagement,

and satisfaction.

Page 4: 2 Easy Fixes to Get More ROI from Recognition

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

Page 5: 2 Easy Fixes to Get More ROI from Recognition

But are all recognition programs created equal?

Page 6: 2 Easy Fixes to Get More ROI from Recognition

No, not according to nearly 800 HR professionals surveyed in the

2016 SHRM/Globoforce Employee Recognition Survey.

800

Page 7: 2 Easy Fixes to Get More ROI from Recognition

Here are 2 important ways to get more from your recognition program.

Yay!

Page 8: 2 Easy Fixes to Get More ROI from Recognition

BASE YOUR PROGRAM ON ORGANIZATIONAL VALUES.

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Page 9: 2 Easy Fixes to Get More ROI from Recognition

60% of those surveyed have a program that is tied to organizational values. (Only 21% have a program not tied to values.)

Page 10: 2 Easy Fixes to Get More ROI from Recognition

Organizations with values-based recognition are 9X more likely to rate

their program as excellent.*

*2016 SHRM/Globoforce Employee Recognition Survey

Page 11: 2 Easy Fixes to Get More ROI from Recognition

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

Page 12: 2 Easy Fixes to Get More ROI from Recognition

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INVEST 1% OF PAYROLL INTO REWARDS & RECOGNITION.

Page 13: 2 Easy Fixes to Get More ROI from Recognition

Companies that invest at least 1% of payroll on recognition are nearly 3X as likely to rate their

program as excellent.

Page 14: 2 Easy Fixes to Get More ROI from Recognition

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

Page 15: 2 Easy Fixes to Get More ROI from Recognition

Free recognition–“e-thanks”–doesn’t work.

hey, thanks

Page 16: 2 Easy Fixes to Get More ROI from Recognition

Companies that put no budget into their recognition program are 5X more likely

to rate their program “poor.”

Page 17: 2 Easy Fixes to Get More ROI from Recognition

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

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Page 18: 2 Easy Fixes to Get More ROI from Recognition

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