Employers that report high levels of employee recognition can expect increased productivity and decreased rates of absenteeism and safety incidents, according to a new report by Gallup Inc. and Workhuman.
The report analyzed data from more than 275 global organizations across 450 research studies, as well as survey responses from more than 7,600 U.S. workers. Among organizations that doubled the percentage of workers who said they feel recognized, it found a 22 per cent decrease in both absenteeism and safety incidents, equivalent to savings of $3,244,416 and $2,807,200, respectively.
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These employers also reported a nine per cent increase in employee productivity, according to the report, which noted technology, finance and insurance, pharmaceuticals and medicine were industries most likely to experience an increase in productivity tied to recognition.
The report also cited several key aspects for a successful recognition program, including fulfillment, authenticity, personalization, equity and embedding these values and practices throughout the organization.