In Workforce’s Spring 2012 Globoforce Mood Tracker, they  examined patterns of worker recognition, and then analyzed workers’ attitudes toward and responses to that recognition, (or lack thereof). From the 653 respondents, the following five findings were clear:

  1. Employee recognition is moving to center stage. More companies are using recognition, more employees are being recognized, and more employees are factoring recognition programs into how they measure job satisfaction.
  2. Frequent recognition and employee satisfaction go hand-in-hand. Regular recognition correlates with satisfaction, feeling appreciated, and feeling more effectively recognized by management. People who are recognized are much more likely to love their jobs.
  3. Failure to recognize may result in higher turnover. Employees are more likely to jump ship for a job at a company that recognizes their employees, and many of them have done so. Recognized employees are much more likely to stick around.
  4. Appreciation=Motivation. Recognition provides motivation and employees say that more recognition and appreciation would motivate them to work harder.
  5. Culture matters. More employees value a strong, positive company culture. Where almost half of company cultures currently fall short, recognition represents an opportunity to reverse that trend.

Experience how Tufts University recognizes and rewards employees:

See how Southwest Airlines uses recognition to distinguish its culture and attract and retain talent:

Article Source: Workforce Mood Tracker, Spring 2012 Report, The Growing Influence of Employee Recognition