One of the toughest tasks for many organizations is to attract, retain and engage top people who will enable the organization to achieve its key goals.
Employee recognition at all levels is a simple and powerful tool to create and sustain a culture that engages and aligns employees with organizational goals. This is proven in many cases and it applies to organizations of every size. What’s more: it is low cost.
Yet research shows employee recognition continues to be a poorly utilized technique. It is done badly everywhere!
A recent WorldatWork survey in the United States found that 65% of workers wanted more gratitude and thanks, while 78% of Generation Y workers thought an increase in thanks would improve their job performance. A recent Maritz survey found that 65% of employees agreed or strongly agreed that the quality of their organization’s recognition efforts affected their job performance.
Huge surveys conducted by Sirota Consulting revealed that only 51% of workers were satisfied with the recognition they received after a job well done. This figure is as conclusive as you could get – it has been reached from interviewing 2.5 million employees in 237 private, public and not-for-profit organizations in 89 countries around the world over 10 years.
Photo by Windows on Unsplash.
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