Honoring and encouraging workers is a no-brainer for companies keen on keeping their best people, but there is a way to optimize employee recognition programs. According to O.C. Tanner’s research, businesses should be lauding staff members for everyday efforts, work-related accomplishments and milestones.
Ideally, ongoing toil should be recognized at least once a week, results such as project completions should be celebrated once per quarter, and workers should receive plaudits for career achievements (such as time spent on staff).
Although many businesses observe one or two facets of appreciation, O.C. Tanner’s infographic says only 38 percent of companies surveyed offer all three types of employee recognition. The graphic also states that when businesses offer all three, they could see “30 percent more ROI from recognition programs.”