Over seven in 10 employees want their employers to do more to motivate them. Only 26% of managers strongly agreed that their company praises or thanks employees for the good work they do based on their company’s values, and almost a third agreed that they struggle to find the time to give out thanks and praise. The importance of recognition and motivationĪlmost half of employees agreed that they would leave a company that didn’t praise or thank them enough for the work they did. Of HR employees surveyed said they would be likely to invest in recognition and reward programmes within the next year. Of HR workers don't agree that their current recognition and reward programmes are as effective as they could be.
Of managers strongly agree that their company provides them with the tools and understanding on how to recognise colleagues effectively. Of HR workers agree recognition and reward has a positive effect on employee retention. Of HR workers agreed that an effective recognition and reward programme helps drive business results. Employees aren't motivated by the rewards they are given. It doesn't allow for continuous or immediate recognition.ģ. Moments of recognition aren't seen or celebrated by other people.Ģ. Here are a few other employee recognition statistics, from our own research and from other sources: Our research says.
But the truth of it is that organisations are losing their people because they’re failing at recognition.įixing recognition isn't a 'nice-to-have,' it's a must-have, for your business and for your people. If you're building the business case for investing in employee recognition and reward, you may not know where to start, or how hard you should be pushing. Companies around the world are spending more than £36 billion on employee reward and recognition programmes and our research shows that 78% of managers prioritise timely appreciation and are craving recognition at work.
Employee reward and recognition (or, as we like to say, recognition and reward) has received a lot of attention in the last decade.