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5 Eye-Opening HR Stats: Why Employee Recognition Matters [INFOGRAPHIC]

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5 Eye-Opening HR Stats: Why Employee Recognition Matters [INFOGRAPHIC]

  1. 1. Source URL for stat listed in point 1: Source URL for stat listed in point 2: Source URL for stat listed in point 3: Source URL for stat listed in point 4: Source URL for stat listed in point 5: 4 5 With employee recognition, you can motivate and identify core competencies to help develop career paths for employees in a positive and organic way. Solution 78% of employees would stay with their current employer if they knew they had a career path instead of just a job. Career Development is Key Set Attainable Benchmarks Praise Publicly Recognize Consistently Goals can be daunting: understanding the progress made towards attaining them makes them seem more manageable, and 32% of employees agree. People work hard to cultivate their skills, and 53% of employees say respect for their knowledge and experience is their top expectation of leadership. In a recent survey of 1,000 U.S.-based, full-time employees 75% of employees who were recognized by their manager once a month reported being satisfied with their job. Convey Your Mission Unnervingly, nearly two-thirds (61%) of employees don’t know what their company mission statement is. 2 3 Employee recognition isn’t just for the big wins; it’s an excellent way to support progress and provide encouragement by giving employees feedback every time they move one step closer to completing their goals. Solution An employee recognition platform allows both leaders and peers to publicly praise employees for their expertise, providing the employee with further motivation to develop it further. Solution Solution Learn More: The more satisfied your employee is, the more engaged they will be, and the more likely they will stay with your company for the long-term while producing stronger results. 75% 53% 85% 78% 32% While 85% of those that were recognized weekly reported being satisfied. Solution An employee recognition program, clearly linked to a company’s mission and values, is a great way to align employees around those values. 2/3 To help set the groundwork for success, we present to you five revealing HR stats that prove the value of employee recognition.