Credit: Shutter_M/Shutterstock.com

Companies are always looking for ways to increase their productivity and reduce expenses.  Now, a new study from Gallup and Workhuman, a human resources software company, suggests that there’s a relatively easy way for organizations to improve their return on investment: employee recognition.

According to the report “Amplifying Wellbeing at Work and Beyond Through the Power of Recognition,” which was based on a study of 12,000 employees in 12 countries, positive employee recognition reduces burnout and improves performance. On the other hand, a lack of recognition can lead to financial losses: currently, some $20 billion is lost per 10,000 workers due to low wellbeing and subsequent low performance, for a total figure of $322 billion.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.