With so much change and uncertainty affecting workplaces globally, it can be easy to forget that employees are at the center of any organization’s success. And what those employees feel – about the companies they work for, their leaders, their teams, and themselves – ultimately provides the fuel for high performance.
Gallup and Workhuman research finds that strategic employee recognition – that is, recognition that is fulfilling, authentic, equitable, embedded in company culture, and personalized to the individual – is critical for cultivating an environment where both employees and the business thrive.
Recognition is a simple way for organizations to demonstrate their investment in and commitment to their employees. But it makes good business sense, too.
By making recognition an important part of company culture, a 10,000-person organization with an already engaged workforce can save up to $16.1 million annually due to reduced employee turnover.
But that begs the question: If recognition has such an impact on reduced turnover, are there other cost savings it can yield throughout the organization? A new report from Gallup and Workhuman describes correlations between employee recognition and business outcomes across hundreds of organizations and thousands of teams in different industries.
In this report, you’ll learn:
Thriving Through M&As: The Positive Impact and ROI of Recognition
To maintain employee engagement and productivity during mergers and acquisitions, leadership must put equal focus on employees’ emotional and psychological needs as they do the technology and departmental integrations.
Why Workhuman Now
Economic uncertainty has employees feeling stressed and burned out. Here, learn more about recognition's impact on employee engagement and organizational strength, and why Workhuman is the ideal partner to elevate and enrich your culture.
3 Key Data Points: The Immediate and Long-Term ROI of Social Recognition
Dive deep into three data points uncovered by the Workhuman® research team that show how a robust Social Recognition program enhances productivity, safety, and more.
11 Ways Employee Recognition Builds Better Managers
Here are 11 ways employee recognition can increase manager effectiveness, improve performance management and business processes, and help your managers realize their full potential.
12 Tips for Having Amazing Check-Ins
The employee-manager relationship is one of the most critical elements of the employee experience. And one of the primary tools to communicate and stay in sync is the check-in.
10 Ways a Workhuman Solution Provides You Peace of Mind
Are you in the process of choosing a new recognition vendor? Here are 10 security and safeguard questions your organization should consider first.
12-Step Guide to Transition to Continuous Performance Management
Tired of annual reviews and looking for best practices in your evolution to continuous feedback, check-ins, and goal setting? Use this guide as a starting point.
10 Ways Social Recognition Can Strengthen Your Employer Brand
Recognition and reward are powerful ways to keep your employees on board, engaged, and motivated. But did you know recognition is also a powerful way to attract and win new hires?
10 Reasons Why Annual Reviews Are No Longer Enough
Learn 10 ways we have outgrown traditional performance management. If they feel familiar, you may want to explore whether your current performance management technologies need an overhaul.