For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Employee Recognition Still Very Much Alive
The study by WorldatWork, a compensation professionals trade group, and the National Association for Employee Recognition, found that 84% of responding companies have a program to honor workers for their accomplishments.
Researchers said the figure was approximately the same as in last year’s study, taken just before the September 11 attacks. “This shows, ” researchers wrote,” that despite a tough economy over the past year, companies realize the importance of making sure their top performers are happy.”
The companies had a variety of goals for their recognition programs:
- creating a positive work environment, 84%
- reinforcing desired employee behaviors, 76%
- motivating higher performance, 73%
- increasing morale, 69%
- supporting organization values, 68%.
Respondents also reported a variety of ways to spotlight a top-performer:
- gift certificate, 63%
- cash, 58%
- office accessories, 41%
- jewelry, 40%.
The survey covered 391 companies.