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When done right, employee recognition programs can increase job satisfaction and engagement, and positively impact employee retention. However, when organizations build programs without understanding the impact of those programs, the efforts may not pay off. That’s why we’ve asked the questions in our latest eBook – The 2024 Recognition Survey Report. The survey is an extension of our 2024 Job Seeker Survey Report and digs into the recognition experience to reveal employee engagement, performance and retention insights that can enhance your organization’s recognition strategies and programs.

Do you know the differences between Recognition, Reward and Award?

Recognition is an intangible acknowledgment of people’s behaviors, personal efforts or contributions. Reward is something tangible given in return for service or effort, and an Award is a symbol of recognition for an achievement or milestone.

During the season of thankfulness, it is important that we stop and reflect. In today's fast-paced business world, fostering a culture of gratitude is essential for creating a thriving workplace. Companies prioritizing employee satisfaction and expressing appreciation tend to experience higher productivity, lower turnover and a more positive work environment.

Employee recognition and rewards programs play a vital role in influencing the perceptions, attitudes and actions of employees. They are critical in creating a sense of belonging, motivating exceptional performance and enabling managers and peers to celebrate achievement, milestones and success.