“Your employees are not just the assets of your company; they are the main contributors to business production. A motivated employee can amplify the capability of the organization to achieve its goals and objectives.”
All too often, these programs are the last item on the budget list. In essence, this is what gets funded after everything else is taken care of, so it’s not hard to guess how many of these employee recognition programs are underfunded or even forgotten. So is there a sound ROI model to justify moving them up on the priority list? There sure is! The article goes on to say:
“…improvement of employee attitudes by 5%, customer satisfaction jumped to 1.3%, and the profits increased by 5%.”
If you are doing the math in your head now regarding what 5% more profit could do for your organization, then that should result in taking a fresh look at employee recognition and rewards for your most valuable asset.
In the current climate, for those organizations and companies fortunate enough to still be working, teams are under tremendous stress. For those employees furloughed or laid off temporarily, the weight is multiplied. When business doors open again, and they will, make sure your recognition and engagement tell them just how important they are to the success of your organization. Do that, and watch them move mountains to rebuild their lives, your company, and this country, together.