Changing the way organizations think about employee recognition.
What can recognition do for your business?
In business today, building and sustaining a positive work environment are essential to an organization’s success. Research shows that effective recognition practices consistently correlate with:
• Higher employee retention
• Increased employee engagement
• Improved quality, service and productivity
• Increased profitability
Over the past decade, employee recognition programs have undergone significant changes. It’s not enough anymore to just recognize your “star” employees once a year or create one-size-fits-all programs.
The most successful companies – including those on Fortune Magazine’s 100 Best Companies to Work For list – create opportunities at every level to celebrate and acknowledge employees’ contributions. These can range from formal recognition programs for “above and beyond” performance to creating a culture of appreciation at the local level.
In fact, when it’s done right, a well designed employee recognition strategy is a powerful tool for achieving business goals. It’s no longer viewed as simply “a nice thing to do” for employees, recognition is now an integral part of every organization’s business strategy.