Awards & Recognition
Streamline your award & recognition process. Give recognition where its due and get employee engagement in return.
Configure the process as per your needs. Maintain complete history. Get out-of-the-box integration with Performance Appraisal app.
Nearly 75% of organizations have a recognition program (despite the fact that only 58% of employees think that their organizations have recognition programs).
in organizations where recognition occurs, employee engagement, productivity and customer service are about 14 percent better than in those where recognition does not occur.
87 percent of organizations reported that their programs are designed to recognize service or tenure. These programs do not meet the needs of today’s employees, nearly 70 percent of whom report they are recognized annually or not at all.
Nearly two-thirds of HR respondents indicated HR does not effectively enable recognition. This ineffectiveness is underscored by the fact that nearly half of HR respondents report that the organizations’ culture does not support recognition and the fact that most recognition programs are designed to recognize service or tenure.
Organizations with recognition programs which are highly effective at enabling employee engagement had 31% lower voluntary turnover than organizations with ineffective recognition programs
Only 14% of organizations provide managers with the necessary tools for rewards and recognition.
41% of companies that use peer-to-peer recognition have seen marked positive increases in customer satisfaction.
46% of senior managers view recognition programs as an investment rather than an expense.
Companies spending ≥1% of payroll on recognition are 79% more likely to see better financial results.
Companies with strategic recognition reported a mean employee turnover rate that is 23.4% lower than retention at companies without any recognition program.
Organizations with the most sophisticated recognition practices are 12 times more likely to have strong business outcomes.
Praise and commendation from managers was rated the top motivator for performance, beating out other noncash and financial incentives, by a majority of workers (67%)