
Globoforce UK Mood Tracker Shows Recognition is Strong Motivator for British Workforce
August 15, 2012 | Globoforce Press Release
GLOBOFORCE UK MOOD TRACKER SHOWS RECOGNITION IS STRONG MOTIVATOR FOR BRITISH WORKFORCE
Sixty-four per cent of UK employees would leave their job for a company that clearly recognised contributions DUBLIN, Ireland, and SOUTHBOROUGH, Mass. – August 15, 2012 – Globoforce® (www.workhuman.com), the world's leading provider of employee recognition solutions, today announced the results of its first UK Workforce Mood Tracker™. According to the survey, 64 per cent of UK workers would leave their job for a company that clearly recognised contributions. Another 90 per cent of respondents said employee recognition motivates them to do a better job. The 2012 Globoforce UK Workforce Mood Tracker*, a follow-on to Globoforce's U.S. Workforce Mood Tracker, provides key insights into the current pulse of the UK workforce, including attitudes and perspectives on employee engagement, recognition, and reward. The inaugural survey highlights the seriousness with which British workers regard recognition as a motivator. Eighty-six per cent of UK workers said they like to have their efforts/contributions at work recognised; however, 37 per cent of respondents are dissatisfied with the level of recognition they receive for doing a good job. Additional findings from the survey demonstrate an opportunity for organisations to elevate employee performance and minimise potential risks to the business. In fact, survey results indicate a direct correlation between recognition frequency and several key HR metrics. Of those respondents who have been recognised in the past month versus those who have never been recognised in their job, the survey finds:- Seventy per cent feel appreciated at their job, compared to 11 per cent of those never recognised.
- Thirty-five per cent plan to search for a new job compared to 44 per cent of those who have never been recognised.
- Sixty per cent are satisfied with the level of recognition they receive compared to seven per cent of those never recognised.
- Fifty-eight per cent of respondents think annual performance reviews aren't an accurate appraisal of the work they do, indicating recognition moments are being lost.
- Nearly a quarter of respondents do not get constructive feedback throughout the year.
- Eighty-seven per cent of respondents 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 per cent 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.