Want better employees? - Then the answer is Recognition, Recognition, Recognition

Recent respected surveys show the way to your employees performance sweet spot is through recognition the survey suggest the following.

Recognition Keeps People Working Harder and Loyal to You

  • 64% of UK workers would leave their job for a company that clearly recognised contributions.
  • 90% said employee recognition motivates them to do a better job.

People Like Recognition, but Aren't Recognised Enough

  • 86% said they like to have their efforts/contributions at work recognised
  • 37% are dissatisfied with the level of recognition they receive for doing a good job

Recognition Frequency Is Directly Correlated to Key HR Metrics

  • 70% of those recognised in the last month feel appreciated at their job vs. 11% of those never recognised
  • 35% of those recognised in the last month plan to search for a new job vs. 44% of those never recognised
  • 60% of those recognised in the last month are satisfied with the level of recognition they receive vs. 7% of those never recognized

Frustration around Executive Bonuses Is High

  • Only 6% believe their organisation improved how they motivate and engage employees throughout the downturn
  • 51% feel these elements had declined.

Funding Recognition - Use Bonus Budgets Better

  • 87% believe the money spent on large executive bonuses could be better spent elsewhere in the business. When asked how they would spend this money, 35% call for an employee recognition programme.
  • The negativity towards the impact of bonuses also extends to the employees themselves, as nearly half of UK employees said they'd prefer more frequent recognition than a yearly bonus.

So how do these stats compare with your company? From the feedback I get; those businesses that effectively track "Reason for Leaving" seem to confim the findings.

Author: Martin Shaw

About RecruitSmart Technology

Founded by Martin in 2012, RecruitSmart is a company focused on applying any combination of technology, on and off line marketing and communications and all their years of recruitment industry expertise to support a company's talent attraction, acquisition and management strategies.

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