Organisations dedicating 1% of payroll to values-based rewards and recognition more likely to perceive greater impacts on financial outcomes | Globoforce and SHRM

Recognition schemes tied to organisational values are perceived to outperform other programmes when it comes to delivering a return on investment, reinforcing corporate values, and maintaining a strong employer brand, according to this survey of 798 HR leaders in the USA. SHRM and Globoforce, the survey’s co-sponsors, found that 60% of organisations had a values-based recognition programme in place last year, up from 50% in 2012.

The survey also found that ‘traditional performance management practices may be failing to properly measure employees’ work in many organisations’. As many as 40% of HR professionals feel performance reviews undertaken as part of performance management do not provide an accurate appraisal of employees’ work.

Eric Mosley, CEO of Globoforce, said:

‘It’s crucial for HR leaders to take a fresh look at compensation structures and evaluate the value they bring to employees and their respective companies.’

‘2016 SHRM/Globoforce Employee Recognition Survey’, December 2016: www.globoforce.com/shrmgloboforce-recognition-experience/