Blog

Five Compelling Statistics to Create an Employee Recognition Program

Any business organization must be run smoothly if it wants to make a profit and move ahead of their competitors. And it can be achieved only when you have great employees who are engaged and productive. But it is not the responsibility of only the employees to perform. In fact, as a business organization, you must create an environment that helps your employees feel valued, respected, and engaged in their job roles. One of the ways you can ensure engagement and productivity is by implementing an employee recognition program. These programs are meant to appreciate the efforts of your employees. Now, if you have been avoiding creating such a recognition program, here are five statistics that will prompt you to create one such program right away.

• Disengaged Employees

The percentage of disengaged employees is disproportionate. A recent survey conducted by Gallup states that 51% of employees in the workforce are disengaged as they feel underappreciated for their work. With remote working, this percentage seems to increase. In fact, only 3 out of 10 employees have said that they received recognition and praise in the last seven days. Do your employees also feel the same? Well, maybe it is time to start an employee recognition program right away.

• Fueling More Energy

Employee recognition programs such as long term performance incentives will help employees put more energy into their work. More than 40% of employees have said that employee recognition programs motivate them to put more effort and energy into doing their tasks. Doesn’t that seem like a good idea for your organization? Of course, it does! Just imagine how far your organization can be with just a few kind words of appreciation for your employees.

• One-on-One Feedback

More than half the employees say that they would love to get immediate one-on-one feedback for their performance rather than annual performance appreciation. This has also been effective in increasing employee engagement. Employee recognition programs ensure that your employees get instant feedback which makes them feel valued and recognized at the organization. Don’t you think your hardworking employees deserve recognition? Set up an employee recognition program now.

• Building Morale

A recent survey result published in Harvard Business Review shows that 82% of employees haven’t been recognized by their supervisors for their work. The survey result also shows that employee recognition programs can boost morale easily without much effort. Yes, it is that simple! If you want your employees to be more productive, just boost their morale by recognizing them.

• Build Employee Trust

Not many think of building employee trust in their organization. And that’s a fundamental mistake! Almost 90% of employees have said recognition at the workplace has allowed them to trust the organization and their seniors. As you can see, employee trust is rooted in employee recognition. So, make sure you create an employee recognition program if you want your employees to trust in your organization. And if you need some inspiration on how to recognize your employees efficiently, get in touch with us at Diamond Recognition. We have been providing employee recognition programs such as employee service awards in Canada for more than 75 years. Visit our website to know more.