By Tom Conran, UK Research Manager at Reward Gateway
Employee reward and recognition (or, as we like to say, recognition and reward) has received a lot of attention in the last decade. Companies around the world are spending more than £36 billion on employee reward and recognition programmes and our research shows that 78% of managers prioritise timely appreciation and are craving recognition at work.
If you’re building the business case for investing in employee recognition and reward, you may not know where to start, or how hard you should be pushing. But the truth of it is that organisations are losing their people because they’re failing at recognition.
Click here to read some employee recognition statistics, from our own research and from other sources.