Employee Gifts, Incentives and Recognition
Employee Gifts, Incentives and Recognition As the Holidays are upon us, we thought we would share one of the many cool reasons we are in this business. Yes we will put your logo, company name, messaging on just about anything. Heck we even sell blank goods just because we can. But what is the purpose behind all of this? Today we are going to discuss the effects this has on our customers’ bottom line when it comes their employees.
Even though employee recognition is often discounted as a “warm and fuzzy” program with no discernible return on investment, nationwide surveys find that 55 percent of employees agree or strongly agree that recognition efforts impact their job performance. Compared to those unsatisfied with their company’s recognition programs, recognition-satisfied employees are:
• Eleven times more likely to be satisfied with their jobs.
• Seven times more likely to spend their entire careers with their employers.
• Much more likely to recommend their company to others as a great place to work.
Additional research shows that high quality recognition programs are essential to improve key business metrics.
A study by Bersin & Associates indicates that organizations with effective employee recognition programs have rates of voluntary turnover 31 percent lower than companies with poor recognition programs. Proper recognition programs also boost employee engagement, workforce productivity, and customer service by 14 percent on average, compared to organizations without recognition programs. Research from Aon Hewitt finds that recognition is the second most important driver of employee engagement, ranking only behind growth and advancement opportunities. Put simply, recognizing the hard work and dedication of employees ultimately promotes organizational success.
Bolstering the evidence provided by specific case studies, multiple scientific studies have found a high level of correlation between employer/employee engagement and financial results. A survey of 90,000 workers in 18 countries reports “that companies with high employee engagement had a 19% increase in operating income and a 28% increase in earnings per share. In contrast, companies with poor employee engagement scores had declining operating income and an 11% drop in earnings per share.” The increased employee engagement created by implementing or improving an existing recognition program provides a real quantifiable addition to a business’ bottom line.
If you want to learn more about this case studies, or any others relating to this topic, please email email@example.com
City Apparel is passionate about delivering our customers the best in products and services while providing customer service beyond their expectations! When it comes to employee gifts, recognition and incentives….we’ve got you covered!
We offer: Corporate Apparel, Uniforms, promotional predicts, Employee/Customer Recognition Programs, Employee/Customer Incentive programs, In house services from graphic design to embroidery and silk-screening. Learn more at www.CityApparel.net