Fifty-five percent of U.S. workers would leave their jobs for employers that practice employee recognition programs, according to a recent survey by Globoforce, a provider of employee recognition solutions.
The survey also finds that more employers are using recognition as 50 percent of respondents report being recognized in the last three months as opposed to 44 percent in the fall of 2011. Another 81 percent of respondents say being recognized increased their satisfaction, a jump from 73 percent in the fall of 2011, and 54 percent of respondents say they are happy with their levels of recognition, up from 48 percent from last fall.
Among the respondents who have been recognized in the past three months, 23 percent say they anticipate looking for new jobs while 51 percent of respondents who have not been recognized intend to look for new jobs. Eighty-nine percent of respondents that have been recognized in the past three months feel appreciated in the workplace, and 17 percent of respondents who have not been recognized feel the same.
Additionally, 83 percent of respondents who have been recently recognized are satisfied with their levels of recognition, and 90 percent say their managers effectively recognize their efforts. For respondents who have not been recognized, however, 17 percent are satisfied with their recognition levels, and 21 percent feel their managers effectively acknowledge their efforts. Of the respondents who have recently been recognized, 76 love their jobs while only 37 percent of those never recognized say the same.
“Companies know what they need to do to impact the bottom line – keep top employees and keep them engaged and focused on common goals,” says Eric Mosley, CEO of Globoforce.“Yet, as this survey shows, many fail to connect the one thing that all employees seek: frequent peer-to-peer recognition tied to performance. Taking the bottom-up approach to recognition is changing the way employees are managed. Not only will business leaders know who the flight risks are, they will be able to prevent many from ever becoming flight risks.”