Recognition Programs equal a competitive advantage

Downsizing and cost reductions, along with advances in technology and a rapidly changing marketplace lead to concerns over job security, employee stress levels, and loyalty.  As a result, the challenges of low productivity, retention rates of employees, and negative attitudes are high priority for HR professionals.

2 major trends

  1. Getting an early start on recognition. Rather than waiting 5 years, some companies are seeing results  in implementing programs that show recognition to employees as early as one year.
  2. The culture of recognition. Developing a positive culture and focusing on recognition may be a challenge, and take some to execute, the growth and benefits are worth it. Buy-in from executive leadership, with support from managers and everyone involved throughout the company is important. Performance-based rewards and recognition are also important components.