Survey Links Recognition to Financial Outcomes

The 2016 SHRM/Globoforce Employee Recognition Survey reveals that recognition programs tied to organizational values are perceived to outperform other programs when it comes to delivering ROI, reinforcing corporate values and maintaining a strong employer brand. The survey found that in 2016, 60% of organizations had a values-based recognition program, up from 50% in 2012. HR leaders at organizations that dedicate 1% or more of payroll to recognition programs are nearly three times more likely to rate their program as excellent versus companies that spend less than 1%. In addition, HR leaders with values-based recognition programs with a budget of 1% or more of payroll are 3.5 times more likely to say their program helps HR professionals attract new job candidates, nearly two times as likely to perceive it delivers a strong return on investment, and two times more likely to help retain employees.