Recognize This! – Employees everywhere need and want recognition for work well done.
For a couple of years now, Globoforce
(my company) has been running semi-annual Workforce Mood Tracker™ surveys, testing the opinions and moods of fully employed US workers. (I’ve featured the results of those studies in past posts here
Now we’ve issued our first UK Workforce Mood Tracker
, proving the attitudes and opinions of the workforce are very similar across the pond.
Recognition Keeps People Working Harder and Loyal to You
*64% of UK workers would leave their job for a company that clearly recognised contributions.
*90% said employee recognition motivates them to do a better job.
People Like Recognition, but Aren’t Recognised Enough
*86% said they like to have their efforts/contributions at work recognised
*37% are dissatisfied with the level of recognition they receive for doing a good job
Recognition Frequency Is Directly Correlated to Key HR Metrics
*70% of those recognised in the last month feel appreciated at their job vs. 11% of those never recognised
*35% of those recognised in the last month plan to search for a new job vs. 44% of those never recognised
*60% of those recognised in the last month are satisfied with the level of recognition they receive vs. 7% of those never recognized
Frustration around Executive Bonuses Is High
To me, this was particularly interesting. With widespread redundancies and salary reductions:
*Only 6% believe their organisation improved how they motivate and engage employees throughout the downturn
*51% feel these elements had declined.
And that’s despite all the efforts of the Employee Engagement Task Force
. Clearly, much works remains to be done.
Funding Recognition – Use Bonus Budgets Better
*87% believe the money spent on large executive bonuses could be better spent elsewhere in the business. When asked how they would spend this money, 35% call for an employee recognition programme.
*The negativity towards the impact of bonuses also extends to the employees themselves, as nearly half of UK employees said they’d prefer more frequent recognition than a yearly bonus.
The full press release is available here
. What do you think? Would more recognition for your work motivate you more?