Globoforce, an international provider of employee recognition programs, and the RES Forum, a 1,300-strong network of exclusively in-house international HR practitioners, conducted a survey of RES Forum members. The main respondents within the survey were senior reward managers and global mobility managers. Half of those surveyed work at companies of 25,000 or more employees and the top industries surveyed were banking and finance, fast-moving consumer goods, and manufacturing.
61% of those surveyed empower everyone in their organization to recognize outstanding performance, including peer to peer, manager to employee, and employee to manager
69% of those surveyed said they have a formal program for employee recognition. Nearly half (49%) said they have a program that provides rewards based on performance and behaviors tied to core values.
63% of respondents said employee recognition positively impacts employee engagement.
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