The Value of Social Recognition
Engaging employees requires more than directing them in what to do; they also need to receive credit for their accomplishments. Such recognition helps improve the employee experience, according to our benchmark research on human capital analytics; as a result, rewards are a critical part of talent management in more than half (52%) of organizations.
Offering rewards for the achievement of milestones or tasks that are done well is a simple and direct way of motivating employees. Recognition also can acknowledge employment anniversaries or lengths of time in serving a customer or on a project. While it contributes to a positive employee culture, recognition ultimately is driven by a practical business purpose: Employees who feel respected and valued in their work are likely to perform better than those who feel overlooked.