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11 Stats You Didn’t Know About Employee Recognition

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Recognizing employees is one of the most overlooked facets of managements that even great leaders sometimes forget about. Without a good employee recognition strategy, people will feel unappreciated and build up stress.
In fact, the number 1 reason why most Americans leave their jobs is that they don’t feel appreciated . The last thing you want is to have high employee turnover because of poor employee recognition.

Officevibe put together some incredible statistics about employee recognition.
Read more on Officevibe blog:
https://www.officevibe.com/blog/employee-recognition-infographic

Learn more about Officevibe, the simplest tool for a greater workplace:
https://www.officevibe.com/

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11 Stats You Didn’t Know About Employee Recognition

  1. STATS YOU DIDN’T KNOW ABOUT EMPLOYEE RECOGNITION
  2. THE #1 REASON most Americans leave their jobs is that they don’t feel appreciated.
  3. 46% of senior managers view recognition programs as an investment rather than 
 an expense. 1
  4. 14% of companies indicated that their organization features recognition programs regularly when recruiting. 2
  5. 41% of companies that use peer-to-peer recognition have 
 seen marked positive increases 
 in customer satisfaction. 3
  6. 23% Companies with strategic recognition reported a mean employee turnover rate 4 lower than retention at companies without any recognition program.
  7. Find out what it is HAPPIER EMPLOYEES Discover the one perk not on this list guaranteed to make employees happier. HAVE
  8. 60% Manager’s recognizing employee performance increases engagement by almost 5
  9. 28% Organizations with strategic recognition programs in place exhibit 6 lower frustration levels than companies without recognition programs.
  10. 35% Peer-to-peer is 7 more likely to have a positive impact on financial results than manager-only recognition.
  11. 85% When companies spend 1% or more of payroll on recognition, see a positive impact 
 on engagement. 8
  12. 14% than in organizations in which recognition does not occur. 9 In organizations in which individual employees or teams are recognized, results were approximately higher
  13. 12x Organizations with a strong employee recognition approach are more likely to have strong business results. 10
  14. 31% Organizations with effective recognition programs had lower voluntary turnover than organizations with ineffective recognition programs. 11
  15. Discover The State of 
 EMPLOYEE RECOGNITION A real-time report on the state of the 10 metrics 
 of employee engagement, including recognition. See The Live Report
  16. Curious about the first step to take to be a better leader?
 Try Officevibe now and start inspiring your employees! Visit officevibe.com
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