Globoforce Brings New Real Time Measurement Capabilities to Employee Recognition Industry
Company’s best-in-breed benchmarking services and interactive dashboard technology provide HR leaders new insights on ROI and program optimization
SAN DIEGO, Calif., SOUTHBOROUGH, Mass, and DUBLIN, Ireland. – May 23, 2011 – Globoforce®, the world’s leading provider of SaaS-based employee recognition solutions, today announced new offerings and capabilities to its In*sight consulting services and strategic recognition platform. The additions, Recognition Benchmark Index™ and Recognition In*telligence™, provide companies with valuable benchmarks and business intelligence to build a recognition roadmap toward higher employee engagement and culture management.
The employee recognition industry has suffered from a decades-old issue of a lack of reporting and measurement, resulting in little governance and reportable ROI. Without reliable metrics of interest to the executive suite, HR leaders have been unable to quantify the business impact of their employee recognition programs. With the Recognition Benchmark Index and Recognition In*telligence, Globoforce brings to the recognition industry, for the first time, the ability to benchmark programs and deliver metrics that quantify culture impact and results.
“In today’s competitive marketplace, ROI and measurement aren’t just buzz words; they are what separates the winning companies from the rest. With these new offerings, Globoforce is transforming recognition from a “nice-to-have” tool in the HR arsenal to a “must-have” driver of culture and engagement,” said Eric Mosley, CEO of Globoforce. “With industry benchmarking and real-time measurement and reporting, HR leaders finally have the ideal combination of technology and strategic methodology to measure their recognition program and prove its business value.”
Recognition Benchmark Index is the newest addition to the Globoforce In*sight™ program, a consulting services arm that was officially announced last year and helps companies better understand and improve their recognition program. The Index is based on a comprehensive set of data points and best practices from nearly two million Globoforce users across multiple industries globally. By examining a set of 10 tenets, including participation rates, communication programs, executive sponsorship, and strategic alignment, companies can compare their program against the proven success measurements from the world’s most effective and highest achieving recognition programs.
Recognition In*telligence offers companies an interactive platform to measure the effectiveness of a unified recognition program in real-time. Backed by Globoforce’s SaaS technology, Recognition In*telligence provides instant data through a highly graphical dashboard used by HR leaders to drive performance management and monitor the impact of culture and recognition across their global organization. The result is real-time business intelligence, giving companies greater insight and clarity to maximize program investment and ensure strategic alignment with company priorities.
Globoforce will be providing live demos and expert analysis of the two offerings in Booth 438 at WorldatWork’s Total Rewards Conference, May 23-24 in San Diego, California. Globoforce’s Recognition Benchmarking Index and Recognition In*telligence are both available to current and new clients. In addition, HR leaders who are interested in learning more about how to unlock the power of employee engagement through employee recognition can click here to download a free guide.