More than three-quarters (81 percent) of organizations responding to the 2012 Society of Human Resource Management (SHRM)/Globoforce Employee Recognition Survey offer recognition programs. Employee recognition, when done strategically, can round out the employee feedback loop by giving visibility into the true impact and influence of employees’ performance across the organization.
Through a more frequent and informal assessment in the form of recognition from managers and peers alike, managers and employees both gain a more collective approach to feedback. This results in higher levels of employee engagement and appreciation due to more fairness and transparency.
In fact, survey respondents in organizations with employee recognition programs say their managers are more effective in acknowledging and appreciating employees (55 percent versus 36 percent — see top chart).
Companies that align recognition with core values also have more employees who are satisfied with how their performance is measured and more managers who are effectively appreciating employees. Of those organizations with values-based recognition programs, 76 percent report employees are rewarded according to their job performance while 65 percent say managers or supervisors effectively acknowledge and appreciate employees (bottom chart).
