员工认可的商业案例

Employees are18x more likelyto produce greatwork if they arerecognized —O.C. Tanner Institute If you’re putting together a business case forrecognition at your own organization, or even if you’rejust starting the process of exploring recognitionsolutions, here are some of the key ways recognitioncan deliver measurable HR results. The ideal employee recognition budget First things first: Budgeting. After working with thousands of clients andcarefully tracking their results, we’ve put together clear budgeting guidelines toensure you get the most out of your investment. Companies investing in employee recognition should expect to budget between$200-$350 per employee per year for maximum impact. Any more or any lesscreates diminishing returns on your investment. The return on employee recognition What return can you expect from your investment in employee recognition?Improved perceptions of leaders, lower turnover, greater innovation, andelevated employee Net Promoter Scores—and those are just a few examples. Plus, studies consistently show that where there’s recognition, there’s profit. Infact, organizations with highly integrated recognition are twice as likely to haveincreased in revenue over the past year. Capital One, a leading financial services company, launched its recognitionprogram, powered by Culture Cloud, to its 51,000 associates and 145 businessunits across the company. With 75% of associates getting recognized, and moreevery day, employees have shared they are more motivated to contribute to thesuccess of the company. “The power of recognition and appreciationcan impact engagement. It impacts attrition,it impacts net promoter score. There is abusiness return when you do it the right way.” —Kelley Lynch, HR Director, Capital One Here are some other ways recognition affects key HR and business initatives. BOOSTING EMPLOYEE RETENTION According to Gallup, 51% of employees are actively seeking or watching for anew job. And replacing employees costs businesses time, productivity, andmoney. •The cost of replacing an individual employee can range from one-half to two times theemployee’s annual salary (a conservative estimate). •A 100-person organization that provides an average pay of $50,000 could have turnover-and-replacement costs of approximately $660,000 to $2.6 million per year. Losing your best people often means losing your top performers, yourbest innovators, and your most effective problem solvers—people with theinstitutional knowledge to grow your business. Attrition also breaks down teammorale and customer relationships. Voluntary attrition of your best talent is worth avoiding at all costs. Andemployee recognition can help. Here’s what the data says about the impact of recognition on attrition: •Consistent recognition can add 3.5 years to an employee’s tenure. •Employees who feel appreciated are 5x more likely to stay at their organization. •53% of employees said they would stay at their jobs longer if their employers showedthem more appreciation. •79% of people who quit cite “lack of appreciation” as their reason for leaving. IMPROVING EMPLOYEE ENGAGEMENT Investing properly in employee recognition has a direct effect on employeeengagement. When organizations invest $250 per employee per year forrecognition, employee engagement increases 21% compared to companies thatdo not invest in employee recognition at all. Explore the full study on employee recognition budget and employeeengagement. Employee recognition can help your organization reap the benefits of highlyengaged employees, which include: 18%higher productivity23%higher profitability 81%lower absenteeism64%fewer employeesafety incidents Increasing output Productive employees drive output for your business, your customers, and yourcommunity. Fortunately, giving and receiving employee recognition increasesproductivity: •84% of employees say the simple act of giving recognition inspires them to think aboutbetter ways to get things done. •Employees are 18x more likely to produce great work if they are recognized. When asked, “What is the most importantthing your company could do to cause youto produce great work,” the number oneemployee response was“recognize me.” Invest in people, see impact Investing in employee recognition is a powerful commitment to your peopleand your organization. If you are ready to take the next step in your employeerecognition journey, check out our guide to choosing the right employeerecognition partner.