While 73% of recently surveyed companies said that they have an employee recognition program in place, most are unsure of how well satisfied their employees are with the program. A full 37% of respondents said they do not know how satisfied their employees are with the program, and more than 15% said their employees are not satisfied at all.
The Institute for Corporate Productivity (i4cp ñ formerly HRI), in conjunction with HR.com, conducted the Employee Recognition Practitioner Consensus Survey in January of 2007. A total of 265 organizations participated.
ìWe know that employee recognition is a key factor in the motivation of employees ñ and in the ultimate success of an organization ñ so itís surprising to hear just how many companies donít have a handle on the effectiveness of their recognition programs. If organizations are going to implement an employee recognition program, they need to have a system of checks and balances in place to make sure it is doing what it is supposed to do,î says Jay Jamrog, Senior Vice President, Research at i4cp.
When it came to deciding how to dole out rewards, personal performance was pegged as the top criterion for recognition awards at 48.9%, followed by extra effort (34.9%) and corporate performance (26.4%).
While this survey addressed monetary awards, a variety of alternatives to monetary awards were also mentioned, ranging from merchandise and gift cards and luncheons to special merit awards/certificates and days off. Of companies providing monetary recognition, nearly half (54.5%) allocate from 1-3% of the employeeís annual salary for their programs. Of the 265 organizations responding to the survey, 10 allocate less than 1%. (Note: This survey did not include information on bonuses, stock incentives, awards related to service, or awards that do not have a dollar value attributed to them.)
For more information about this study, or to receive a full copy of the results, please contact Greg Pernula at (727) 345-2226.
73% of surveyed companies said that they have an employee recognition program in place
While 73% of recently surveyed companies said that they have an employee recognition program in place, most are unsure of how well satisfied their employees are with the program
