Remove Certification Remove Employer Branding Remove Globoforce Remove Metrics
article thumbnail

The importance of employee recognition

Interact-Intranet

Another study states that spending 1% or more of payroll on recognition helped 85% of companies see improved engagement. Traditionally, these programs have focused on the easier to define and measure metrics, such as length of service or reaching of internal milestones. Source: Globoforce. Peer-to-peer recognition is 35.7%

article thumbnail

Employee Recognition Statistics: What HR Professionals Need to Know in 2024

Terryberry

Globoforce) Highly engaged teams have a 40% lower turnover rate compared to disengaged employees and teams. Quantum Workplace ) Employee engagement, productivity, and customer service are about 14% higher where recognition occurs compared to where it doesn’t. times more likely to be highly engaged.