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Do you know how much your organization spends on employee recognition each year?
Best practice organizations are spending 1% or more of payroll dollars on an increasingly diverse range of employee recognition programs.
As more companies realize the strategic value of recognition for reinforcing particular behaviors, practices and activities that result in better performance and positive business results, budgeting has become much more strategic.
Every week, more than 150 million Americans go to work with the expectation that they will make decisions that are in the best interest of the company they work for and its customers. Employee recognition plays a vital role in influencing the attitudes and actions of employees, motivating and celebrating behaviors that bring company values, aspirations and policies to life.
In our latest best practices report, Great Recognition Moments, we showcase insights, strategies and examples from eight Engage2Excel clients that do an exceptional job at integrating recognition into operations and the daily experiences of employees. The programs represented include different types and styles of recognition for performance, safety, demonstration of core values and employee loyalty.
In our first blog to this series, we provided a synopsis of Dr. Jack Wiley’s paper Suggested Actions for Human Resources to Create a Better Employee Experience, which offers strategies based off his research-based RESPECT framework. If you haven’t had a chance to read part one, you can do so here.
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