Getting more out of an employee’s day is a top of mind subject for managers and supervisors across all industries. Facilitating an environment where motivation, engagement and productivity exists, is easier said than done! Appreciation is at the center of a great performance management plan. Recognition and gratitude for a job well done is not a nicety to be dismissed, but rather an often overlooked piece of performance management ripe with opportunity.
Sixty percent of best-in-class organizations consider employee recognition extremely valuable in driving individual performance. This statement comes from the Aberdeen Group’s recent report, “The Power of Employee Recognition.” Yet the report goes on to say that “only 14% of organizations provide managers with the necessary tools for rewards and recognition.”
This disconnect becomes more alarming when you consider research from Bersin by Deloitte showing “organizations with recognition programs that are highly effective at improving employee engagement had 31 percent lower voluntary turnover than those organizations with ineffective recognition programs.” Continue reading Employee Recognition Should Be Pervasive