Employee recognition is important. It helps to improve overall employee engagement hence increasing the employee productivity. WorkforceGrowth is a cloud based talent management system which also helps to recognize employees socially in an easy and cost effective way.
16. Company Lacks Social Recognition Practices!
Along with monetary incentives employees need
“Social Recognition”
They want to be “Acknowledged” for every true effort
they make
18. He explains the difference…
VS
Recognition is given to Incentive given is on
“strengthen employee “achieving business
behavior”. goal”.
19. Several principles of social and cognitive
psychology provide reasons to believe that
employees may perceive non-monetary
incentives to be more valuable than the
retail value of that award in cash.
20. To further explain Recognition he quotes
Michael T. Williams
“Timely, sincere and visible gestures of
respect and recognition that are offered
directly to an employee for his or her
contribution to a job well done”.
21. Stephen shows some facts and figures
3%
97% of employees
surveyed responded "It is
important to receive
recognition”.
Its important to receive
recognition
Its not important to receive
97% recognition
Source: National Association for Employee Recognition
22. Stephen shows some facts and figures
63% of respondents
ranked a "pat on the
back" as
37% a meaningful incentive.
Social Recognition
63%
Other Incentives
Source: Society of Incentive Travel Executives Foundation
23. He knows recognition can solve all the issues company is
going through because he has employee’s opinion!
Employee Employee Job Employee
Engagement Retention Satisfaction Productivity
69% of 49% of employees Job Satisfaction 78% of U.S.
employees would would leave their 63% of workers said
work harder if current job for a employees who being recognized
they were better company that have no plans of motivates them in
recognized! clearly recognized! leaving are their job!
satisfied with their
level of
recognition!
Source: Workforce Mood Tracker survey (630 global corporate respondents)
24. Now, Senior
Management wants to
know what could be the
best possible way to
recognize employees?
25. Stephen is smart so he chose a smart Talent Management
tool in order to socially recognize employees.
33. Management is quite happy with Stephen's
decision and recognize their employees on daily
basis using WorkforceGrowth!
Want to be cool like
Stephan? Hit the nail right on
the head!