1% of Payroll: The Magic Number For Social Recognition Investment
FEBRUARY 16, 2017
Finding 3 in the 2016 SHRM/Globoforce Employee Recognition Survey shows that the sweet spot for values-based rewards and recognition investment is 1% or more of payroll. Companies that make this level of investment are nearly three times as likely to rate their program as excellent, compared to companies that invest less than 1% of payroll. The data doesn’t look good. What if you took a small percentage of the annual bonus and used it for social recognition?