People work better when they are recognised for their time and effort. A 2016 Bersin report found that CEOs and HR leaders believe that creating a better culture for their employees, with regular, frequent feedback and recognition, needs to be a top priority if their organisations want to experience better business results overall.
Be it bonuses, awards, rewards, a virtual gold star, or a simple shout out on social media, fostering a culture of recognition drives higher levels of engagement, which translates into improved performance and better results.
In fact, organisations with highly engaged workplaces outperform their peers by 147% in earnings per share. When it comes to the key drivers of engagement, recognition ranked at the top of the list (at 72%) as having the greatest impact for employees, according to an HBR study. The question isn’t whether to start building a recognition culture, but how to get started.
Key findings from this report include:
24% of respondents say employees in their organisation are highly engaged
71% of respondents rank employee engagement as very important to achieving overall organisational success.
Strong sense of purpose, inclusiveness, and open communications are higher where employees intend to stay longer.
Culture is the ultimate driver of organisational success. With Achievers’ employee voice and recognition solutions, bring your organisation’s values and strategy to life by activating employee participation and accelerating a culture of performance. Achievers’ solutions leverage the science behind behaviour change to deliver sustainable, data-driven business results anywhere in the world. Integrated insights fuel smarter solutions that deliver just-in-time nudges to the entire organization and an industry-best customer success and support team guides you on every step of the journey.