What drives your employees to excel? Do they strive to outperform the competition and recognize their strengths? Are they aware that you value their contributions? Remember, your employees are partners in success. An employee recognition or incentive program can strengthen this partnership.
Studies show employee engagement and recognition go hand in hand. When employees know they are valued and appreciated, engagement soars – motivating staff to excel, and driving desired behaviors. And when employees perform, companies succeed. At its core, an employee recognition program is a foundation for driving employee engagement and the benefits that come with it.
Low employee engagement costs American companies $370 billion dollars annually, according to Gallup. Low employee engagement and complacency are costing your company. Disengaged employees hurt your company in the following ways:
How much are disengaged employees costing you? A lot! Gallup found that, on average, 17.2% of an organization’s workforce is actively disengaged, and those disengaged employees cost their organization 34% of their salary, or in other words, $3,400 for every $10,000 in salary. To illustrate, let’s look at those metrics for a 3,000-employee company.
Average Annual Salary in U.S. – $63,360
Disengagement Costs – 34% of $63,360 = $21,542 per employee
Number of Disengaged Employees: 516 (3,000 x 17.2%)
Total Cost of Disengaged Employees: 516 (employees) x $21,542 (disengagement cost) = $11,115,878 PER YEAR!
Driven by an advanced Artifical Intelligence engine, keeping staff engaged with a corporate recognition and rewards program is easy.
Tie your employee service awards, peer-to-peer nominations, points-based behavorial programs and spot recognition programs together in one unified platform. You choose the performance, sales, and behavior metrics you want to monitor and reward.
Engage your workforce with a social news feed, and fun gamification elements that keep them interested in the platform. Employees can also set up a wishlist of rewards they want to aim for. With over 10 million global awards, there will always be something for everyone.
Fill out the employee recognition program assessment form and we will be in touch to help you revitalize your current employee recognition program or craft a new program.
Don’t miss our future updates! Get Subscribed Today!
©2026. CoreCentive. All Rights Reserved.