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. The data doesn’t look good. The annual pay raise or bonus for example, only gives a lift in employee engagement for about one month.
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