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Survey: Recognition is a good investment

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in Compensation and Benefits,Human Resources

More than half of employers view their employee recognition programs as an investment in their workforce, according to a new survey by the WorldatWork nonprofit.

The survey, Trends in Employee Recognition, for the ninth year in a row, assessed specific types of recognition programs and their impact on the workforce.

Recognition is defined as a spontaneous gesture of thanks or a structured or planned program of recognition implemented to acknowledge employees and achieve desired performance.

Eighty-nine percent of employers offer recognition programs, a percentage that is largely unchanged from past WorldatWork surveys on the topic. Lack of support from senior management (28%) and the cost (26%) are the most common reasons given for not having a recognition program.

Top 3 reasons for recognition:

Length of service: 85%
Superior performance: 77%
Motivate specific behaviors: 51%

Source: WorldatWork survey, June 2017

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