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2 Easy Fixes to Get More ROI from Recognition

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More companies are finding that recognition, appreciation, and human workplace practices improve overall employee experience and fuel business performance. See the results of our latest research with SHRM

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2 Easy Fixes to Get More ROI from Recognition

  1. 1. 2 EASY FIXES TO GET MORE ROI FROM RECOGNITION Based on findings from the 2016 SHRM/Globoforce Employee Recognition Survey
  2. 2. “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
  3. 3. We know that recognition can help HR tackle key issues in employee retention, engagement, and satisfaction.
  4. 4. 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
  5. 5. But are all recognition programs created equal?
  6. 6. No, not according to nearly 800 HR professionals surveyed in the 2016 SHRM/Globoforce Employee Recognition Survey. 800
  7. 7. Here are 2 important ways to get more from your recognition program. Yay!
  8. 8. BASE YOUR PROGRAM ON ORGANIZATIONAL VALUES. 1
  9. 9. 60% of those surveyed have a program that is tied to organizational values. (Only 21% have a program not tied to values.)
  10. 10. Organizations with values-based recognition are 9X more likely to rate their program as excellent.* *2016 SHRM/Globoforce Employee Recognition Survey
  11. 11. 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
  12. 12. 2 INVEST 1% OF PAYROLL INTO REWARDS & RECOGNITION.
  13. 13. Companies that invest at least 1% of payroll on recognition are nearly 3X as likely to rate their program as excellent.
  14. 14. 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
  15. 15. Free recognition–“e-thanks”– doesn’t work. hey,thanks
  16. 16. Companies that put no budget into their recognition program are 5X more likely to rate their program “poor.”
  17. 17. 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 2 1
  18. 18. © 2017 Globoforce Limited. All rights reserved. CALL US: +1 888 7-GFORCE EMAIL US: info@globoforce.com VISIT OUR SITE: globoforce.com READ OUR BLOG: globoforce.com/gfblog Download the Report EMPLOYEE EXPERIENCE AS A BUSINESS DRIVER #WORKHUMAN clickhere Call a Globoforce expert today to learn how to get more ROI from your recognition program.

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