Almost three-quarters (74%) of respondents said that ‘crowdsourcing’ recognition data provides the most accurate picture of employee performance, according to research by Globoforce.
The Spring 2013 Society for Human Resource Management/Globoforce Employee recognition survey, which polled 800 HR professionals, defines ‘crowdsourcing’ as the collection of feedback from all employees within an organisation.
The research found that 90% of respondents said feedback from an employee’s peers is more accurate than that of a supervisor or manager.
It also found:
- 77% of respondents conduct performance reviews once a year.
- 85% of respondents are currently using or would consider using social recognition, a system that empowers employees to recognise each other for great work.
- 78% of respondents said crowdsourced recognition would be helpful data to incorporate into performance reviews.
- 74% of respondents currently use or would consider mapping recognition awards against performance rankings or ratings.
- 83% of respondents said employees are further motivated by recognition that includes a reward than recognition with no associated reward.
- 94% of respondents said positive feedback has a greater impact on performance, versus just 6% who said negative feedback is the better motivator.
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Eric Mosley, chief executive officer at Globoforce (pictured), said: “The arrival of the ‘crowdsourced’ performance review is a welcome paradigm shift in the human resources industry.
“An innovative, more complete system for providing team members with accurate, consistent feedback creates happier employees and more productive work environments.”
Really interesting Jennifer, thanks ?!
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Given your interest, I think that you (and the other readers here) would be really interested in some recent research that I have come across that theorizes about crowds and such similar phenomena.? ?
It’s called “The Theory of Crowd Capital” and you can download it here if you’re interested:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2193115
In my view it provides a powerful, yet simple model, getting to the heart of the matter. Enjoy!