An organization is only as strong as its work culture. In fact, 84% of the value of an S&P 500 company comes from the talents, skills, knowledge, work ethic, and health of its employees.
But, as daily stress remains at a record high and a majority of the world’s workers are not engaged, companies must ask themselves: What can be done to foster a strong culture of connection and engagement?
It starts by investing in people – the beating heart of any successful organization.
To assemble and energize the workforce of the future, organizations must prioritize the “human element” of their business, recognizing that productivity and efficiency come when employees are engaged, inspired, and connected to their coworkers. And one of the best ways to do that is to recognize employees for who they are and what they do.
Recognition not only helps build strong company cultures, it also makes good business sense. In fact, Gallup and Workhuman research shows, if the average organization of 10,000 employees doubled the number of employees who strongly agreed that they received recognition or praise for doing good work in the last seven days, that productivity gain would amount to $91,989,474 in cost savings.
So, what can your organization do to get started? In this report, you’ll learn:
- What workplace culture is and why it matters
- How recognition builds workplace culture and engages employees
- 4 practical tips for transforming your culture through recognition
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