Recognise This! – Properly implemented strategic, social recognition yields solid, measurable ROI quickly.
Possibly the question I am asked most is: “What’s the ROI I can expect on our employee recognition programme?”
The honest answer is: “It depends on how you implement it.”
If you simply put into place a typical Employee of the Month or a standard Years of Service programme, you can expect very little return on that (for reasons I explained in this post and this one). But if you follow the principles of strategic, social recognition, you can expect a very solid ROI, indeed, in a very short amount of time.
That ROI usually takes the form of reduced employee turnover, increased productivity from improved employee engagement, and overall improved performance. But you don’t have to take my word for it.
My company, Globoforce, recently summarised a good deal of research on the ROI of recognition in this infographic, which I’m pleased to share here.
