After manufacturing giant 3M introduced its Annual Energy Recognition program – which highlights engineers and employees who promote green initiatives the company noted a 22 percent improvement in energy efficiency from 2005 to 2009 and accrued $100 million in energy savings.
The message is clear: Employee rewards programs get results. According to a survey conducted by Bersin and Associates, businesses with successful programs had 31 percent less voluntary turnover compared to other companies. Moreover, the same study reported that workplaces that recognized staff enjoyed better employee engagement, productivity and customer service when compared to organizations that didn’t practice recognition.
Source: Gallup Business Journal
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