Employee Recognition Programs
When people are properly recognized for meaningful contributions, they’re truly engaged, understand their roles, and share corporate values. The positive impact of this connection, on both company culture and business goals, is undeniable.
Behind every desirable customer experience is a passionately motivated employee. And that’s just the beginning of the benefits of meaningful recognition. Employee recognition programs can reinforce behavior that promote brand image, align employees with corporate values, and continually improve performance.
According to a study by the Aberdeen Group of over 400 organizations, 65% of “Best in Class” Companies (those with the highest levels of engagement, individual performance and retention of key talent) had formal recognition programs and achieved their business goals at a far higher rate than companies without a formal recognition program.
It takes more than instinct, experience or a generous budget to engage people to create change. Effective recognition starts with insight into what drives employee behavior, and additional knowledge about how to best take action on that insight. And Maritz can help you every step of the way.
Related content
The Maritz Institute is an innovation and leadership hub connecting a network of neuroscientists, academics, and business leaders in pursuit of translating a ”deep understanding of people” into more effective business practice. It’s a new, fresh perspective of putting people back into the center of business. And its purpose is to strengthen the relationship between companies and all of the people those companies touch: employees, consumers and partners. Explore The Maritz Institute and how it can work for your business.
Maritz Connections is a quarterly newsletter that provides thought leadership, fresh ideas and innovative approaches to critical business topics including sales effectiveness, employee engagement, customer loyalty, reward strategy and fulfillment.
Webcast
How to use rewards and recognition in a down economy.
White Paper
During this economic crisis, how can you use tools currently available to keep employees motivated and engaged? In this white paper, Mel Van Dyke reviews immediate employee appreciation strategies that can help position your company solidly, both during and after the crisis.
