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This question is about employee recognition statistics.
Do employee recognition programs work?
Yes, employee recognition programs work. Companies that have these programs see employee performance, engagement, and productivity rates that are 14% higher than those in companies that don't have recognition programs.
However, it's important that these programs recognize employees in a way that is meaningful to them. Otherwise, they won't have much of an impact.
For example, many employee recognition programs give out cash rewards to their workers, but in reality, 65% of employees would rather have a personalized, non-cash award instead.
Note that personalized doesn't necessarily mean getting a Bluetooth speaker with their name on it instead of a plain one, but it does mean finding something that they'd personally enjoy and presenting it to them in a meaningful way.
That doesn't mean that monetary recognition should be nixed - many people still prefer this means of recognition - it just means that companies should be aware that just because they throw cash at employees doesn't mean that their workers feel appreciated.
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