1% of Payroll: The Magic Number For Social Recognition Investment
WorkHuman
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.
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