If you answer “no” or “I’m not sure” to this question, then you may want to take a look at a recent study I found. Workforce Mood Tracker’s™ Spring 2012 Report, “The Growing Influence of Employee Recognition” takes a look at what recognition means to employees and how it affects their feelings about their jobs, managers and companies.
Basically, recognition matters. It’s becoming more important to employees to feel like they are contributing to a goal and doing well at it. This recognition helps employees become more loyal to their companies. And those who aren’t receiving this recognition are more likely to be looking for a company who will recognize their hard work.
Fortunately for companies, the study found that recognition is rising, from 51% in the Fall of 2011 to 65% in the Spring of 2012. There is an opportunity for human resources professionals to focus on recognition within their organizations to increase loyaltyand increase their competitive advantage.
Other takeaways include:
1. Frequent recognition increases employee satisfaction.
2. Recognition increases productivity and motivation.
3. Company culture matters too.
Take a look at the full report to see the specific statistics; it’s not a long one.
Any cool recognition ideas your company is doing?
Originally posted at http://uecubenefit.uecu.org/