CHICAGO—September 30, 2009 - Employee recognition programs, when used as part of a “Total Rewards” package, can dramatically improve employee engagement and job performance, as well as positively impact business results, according to research announced today at the Motivation Show by the Human Capital Institute, the Forum for People Performance Management and Measurement, and the Incentive Research Foundation.
“This comprehensive report synthesizes recent research by analyzing case studies of successful recognition programs and recommending further investigation into workplace recognition,” said Forum Vice President Beth Schelske of the ITAGroup, Inc.
The report, “The Value and ROI in Employee Recognition: Linking Recognition to Improved Job Performance and Increased Business Value—The Current State and Future Needs,” uncovers significant information about workplace recognition.
‘Total Rewards’ Package Includes More than Pay, Benefits
Although compensation and benefits are traditional ways employers retain and motivate workers, a “Total Rewards” package may include other incentives such as work-life improvements and recognition, which meet an individual’s psychological need for appreciation. Recognition, ranging from simple praise to awards, cash or extra time off, is awarded to the employee immediately after the action and without achievement expectations.
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