10
Reasons to improve
your recognition practices
To solidify your employer brand:
66% of human resource managers affirm that their recognition program solidifies their employer brand1
To attract talent:
Consistently high performing employees are 19% more likely to work for organizations that adopt excellent recognition practices2
To improve employer-employee relationship:
63% of employees who are dissatisfied with their relationship with their immediate supervisor mention the lack of recognition as the primary source of conflict3
To motivate your employees to perform:
69% of employees would work harder if they felt that their efforts were appreciated4
For better mental health:
The risk of psychological health problems is 6 times higher among employees who don’t receive recognition from their boss5
To decrease the risk of work incidents:
Companies with a recognition program related to health and safety at work have seen their number of incidents decrease by 37%6
To increase engagement:
85% of companies that invest 1% of the payroll in recognition see a positive impact on engagement7
To retain your employees:
Companies who adopt a strategic recognition approach report an average turnover rate of 23.4% less than organizations who don’t have a recognition program8
To increase productivity:
Companies that implement social recognition based on peer values see a 23.9% increase in productivity9
To promote financial performance:
Organizations with the most sophisticated recognition practices are 12 times more likely to see a positive impact on their financial returns10
Be part of industry-leading businesses!
Boost your organization’s performance, one gesture of recognition at a time.
Ready to boost performance?
SOURCES: 1Officevibe – 2Cicero group – 3Greatify – 4GSoft – 5Brun J.P., Biron C., & Martel J. – 6Globoforce – 7Effectif, Volume 15, number 1 – 8SHRM – 9SHRM – 10Bersin by Deloitte