Employees want to be recognized for their great work—and rewarded for it, too! Recognition and rewards confirm to employees their work is valued. And when employees feel valued, they are happier at their jobs and are more productive, which motivates them to keep doing—and improving upon—that good work.
Seventy-eight percent of employees say that recognition is a major motivator for them. In addition, 76 percent of employees who are recognized regularly say they love their jobs, while only 37 percent who aren’t being recognized say they do.
Creating a reward and recognition program is a great place to put your time and resources because of the potential it has to elevate your employees and your company. Reward and recognition programs can be a huge step in acting more strategically and bringing great value to your entire company by inspiring engaged and motivated employees.