{"id":5632,"date":"2022-06-27T05:37:00","date_gmt":"2022-06-27T09:37:00","guid":{"rendered":"https:\/\/www.successories.com\/blog\/?p=5632"},"modified":"2025-07-16T15:44:23","modified_gmt":"2025-07-16T19:44:23","slug":"why-your-company-should-start-an-employee-recognition-program-today-if-you-dont-already-have-one","status":"publish","type":"post","link":"https:\/\/www.successories.com\/blog\/why-your-company-should-start-an-employee-recognition-program-today-if-you-dont-already-have-one\/","title":{"rendered":"Why Your Company Should Start An Employee Recognition Program Today"},"content":{"rendered":"\n<p>Here are some statistics that will dismay you:<\/p>\n\n\n\n<p>According to a recent survey conducted jointly by the fine folk of <a href=\"https:\/\/www.gallup.com\/home.aspx\">Workhuman and Gallup<\/a>, two thirds of business leaders report that their companies make no budget allocation for recognition programs.<\/p>\n\n\n\n<p>Worse, 73% of leaders responding to the survey reported that they do not offer managers training for employee recognition and a staggering 81% said that recognition is not a major strategic priority for their businesses.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why Don&#8217;t You Have a Recognition Program?<\/h2>\n\n\n\n<p>And the reason that\u2019s the question is because the vast body of research into the matter is clear \u2013 recognition programs <a href=\"https:\/\/www.successories.com\/articles\/what-is-employee-engagement\">increase employee engagement<\/a> and decrease turnover.<\/p>\n\n\n\n<p>If you own a business of any size, one thing you know for sure is that onboarding a new employee is time intensive, which makes it expensive, so anything you can do to put yourself in a position to do less of that is a good thing and that\u2019s exactly what recognition programs do.&nbsp; For instance, the research shows that:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>44% of employees will see a reduction in stress and are more likely to feel as though they are \u201cthriving\u201d both inside the office and out.<\/li>\n\n\n\n<li>56% report that they\u2019re less likely to look for a new job or to seriously entertain unsolicited offers.<\/li>\n\n\n\n<li>And a whopping 73% report that working for a company with a good, well-run recognition program, they\u2019re less likely to \u201calways\u201d or \u201cquite often\u201d feel burned out.<\/li>\n<\/ul>\n\n\n\n<p>A burned out employee is anything but productive, and if a large swath of your current workforce is quietly updating resumes and looking for other opportunities, that spells big trouble for you as a business owner over the medium to long term.<\/p>\n\n\n\n<p>The good news is that these are all problems that are very easy to fix.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Does Money Work?<\/h2>\n\n\n\n<p>More money is, or can be a decent incentive to get people to stay, but again, research shows that this is only true to a point.&nbsp; Once an employee is earning enough to meet their basic needs and have a little extra left over, money stops being a good incentive.<\/p>\n\n\n\n<p>Mostly, what employees crave these days is to not feel invisible.&nbsp; To feel connected to their place of work.&nbsp; To feel \u201cplugged into\u201d something bigger than themselves, and one way you can give them that feeling is to recognize their efforts on your behalf and reward them for meeting or exceeding the goals of your company.<\/p>\n\n\n\n<p>Yes, it\u2019s your company, but in a very real sense, it\u2019s their company too.&nbsp; You wouldn\u2019t be in business without the tireless efforts of the people in your employ and there\u2019s absolutely nothing wrong with letting them know that and how much you appreciate the work they do on your behalf.<\/p>\n\n\n\n<p>All that to say, if you don\u2019t yet have an <a href=\"https:\/\/www.successories.com\/employee-awards-recognition\/1\">employee recognition<\/a> program up and running, now is the time to do so.\u00a0 Now is the time to stop worrying about employee burnout or employees leaving in large numbers, which could send your business into a tailspin.<\/p>\n\n\n\n<p>Help yourself.&nbsp; Help your employees.&nbsp; You\u2019ll be very glad you did!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are some statistics that will dismay you: According to a recent survey conducted jointly by the fine folk of Workhuman and Gallup, two thirds of business leaders report that their companies make no budget allocation for recognition programs. Worse, 73% of leaders responding to the survey reported that they do not offer managers training [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,656],"tags":[],"class_list":["post-5632","post","type-post","status-publish","format-standard","hentry","category-employee-engagement","category-employee-recognition-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Your Company Should Start An Employee Recognition Program Today | Successories Blog<\/title>\n<meta name=\"description\" content=\"Read the expert article Why Your Company Should Start An Employee Recognition Program Today and learn more about employee management and engagement from the Successories Blog\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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