11 Stats You Didn’t Know About Employee Recognition
Recognizing employees is one of the most overlooked facets of managements that even great leaders sometimes forget about. Without a good employee recognition strategy, people will feel unappreciated and build up stress. In fact, the number 1 reason why most Americans leave their jobs is that they don’t feel appreciated . The last thing you want is to have high employee turnover because of poor employee recognition. Officevibe put together some incredible statistics about employee recognition. Read more on Officevibe blog: https://www.officevibe.com/blog/employee-recognition-infographic Learn more about Officevibe, the simplest tool for a greater workplace: https://www.officevibe.com/ Follow us on Facebook: https://www.facebook.com/officevibe
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11 Stats You Didn’t Know About Employee Recognition
- 1. STATS YOU DIDN’T KNOW ABOUT EMPLOYEE RECOGNITION
- 2. THE #1 REASON most Americans leave their jobs is that they don’t feel appreciated.
- 3. 46% of senior managers view recognition programs as an investment rather than an expense. 1
- 4. 14% of companies indicated that their organization features recognition programs regularly when recruiting. 2
- 5. 41% of companies that use peer-to-peer recognition have seen marked positive increases in customer satisfaction. 3
- 6. 23% Companies with strategic recognition reported a mean employee turnover rate 4 lower than retention at companies without any recognition program.
- 7. Find out what it is HAPPIER EMPLOYEES Discover the one perk not on this list guaranteed to make employees happier. HAVE
- 8. 60% Manager’s recognizing employee performance increases engagement by almost 5
- 9. 28% Organizations with strategic recognition programs in place exhibit 6 lower frustration levels than companies without recognition programs.
- 10. 35% Peer-to-peer is 7 more likely to have a positive impact on financial results than manager-only recognition.
- 11. 85% When companies spend 1% or more of payroll on recognition, see a positive impact on engagement. 8
- 12. 14% than in organizations in which recognition does not occur. 9 In organizations in which individual employees or teams are recognized, results were approximately higher
- 13. 12x Organizations with a strong employee recognition approach are more likely to have strong business results. 10
- 14. 31% Organizations with effective recognition programs had lower voluntary turnover than organizations with ineffective recognition programs. 11
- 15. Discover The State of EMPLOYEE RECOGNITION A real-time report on the state of the 10 metrics of employee engagement, including recognition. See The Live Report
- 16. Curious about the first step to take to be a better leader? Try Officevibe now and start inspiring your employees! Visit officevibe.com
- 17. YOU’LL LOVE THESE SLIDESHARES: