In today’s business management, employee recognition has become a significant tool for HR specialists that helps them to keep their employees engaged.
However, some of the companies are still using and sticking to old methods and techniques and they are fighting against the odds. If you are tired of fighting and the old methods then do have a look at the employee’s reward stats that might help you get out of the situation.
Statistics One Should Not Miss
1- Company Recognition
Published in Bersin and Associates, “55% of the employees agree that the quality of their company recognition program affects their job performance”
2- Improved Customer Engagement
Studies from the psychometrics said, “When asked what leaders could do more of to improve engagement, 58% of the respondents replied, GIVE RECOGNITION“.
3- Gamification
“70% of the employees feel that gamification would not be a positive addition to recognition”,” stated Globoforce.
Read More: Gamification for Employee Engagement
4- Appreciation of Employee’s Efforts
Socialcast covered it, “69% of the employees would work harder if they felt their efforts were better appreciated.”
5- Rewards and Recognition
“Only 14% of the organizations provide managers with the necessary tools for rewards and recognition.” stated in Globoforce.
6- Peer to Peer Recognition
Globoforce also stated that “41% of the companies that use peer-to-peer recognition have seen a positive increase in customer satisfaction.”
7- Recognition from the Manager
According to the Cicero group, “50% of the employees believe being thanked by managers not only improved their relationship but also built trust with their higher-ups.”
8- Instant feedback
It has been shown in the studies that, “Millenials required immediate recognition for accomplishments.”
9- Advertising recognition programs
“14% of the companies indicated that their organization advertises recognition programs regularly when recruiting.” stated by WorldatWork.
10- Spending on incentive programs
According to the HRM reports, “US organizations spend over $100 billion annually on incentive programs.”
Read: Top Employee Recognition Statistics
Conclusion:
Staying informed about the latest statistics and trends in employee rewards can give you a competitive advantage in today’s workplace. With BRAVO, you can turn these insights into action and create a culture of recognition and motivation. Don’t let valuable opportunities slip away, embark on a transformative journey toward maximizing the impact of your employee rewards efforts.
Looking to enhance your understanding of employee rewards with compelling stats? Look no further! Book a demo of BRAVO today and experience how our innovative platform can help you leverage these statistics to elevate your employee rewards program and achieve outstanding results. Start your journey towards becoming an employee-rewards expert – schedule your demo now!
