New Study Reveals Challenges in Employee Recognition Programs

New Study Reveals Challenges in Employee Recognition Programs

Key Takeaways (TLDR)

• 94% of organizations have recognition programs - gain advantage by ensuring yours is highly effective.

• HR.com's State of Rewards and Recognition Programs and Tools 2024 report provides insights and actionable recommendations.

• Improving rewards and recognition programs is pivotal to boosting employee engagement and productivity, making tomorrow better than today.

• HR.com's research reveals the challenges HR teams face with employee rewards and recognition efforts, including cost and lack of leadership involvement.

Why it Matters

This news highlights the widespread issue of ineffective rewards and recognition programs in organizations, impacting employee engagement and productivity. HR professionals and managers can benefit from the insights and recommendations provided in the report to improve their R&R initiatives and address key challenges.

Summary

A recent study by HR.com's Research Institute reveals that while 94% of organizations have a recognition program, only 31% rate their rewards and recognition (R&R) programs as highly effective. The report provides insights and actionable recommendations to address this issue, including the biggest challenges HR teams are facing with employee rewards and recognition efforts.

Key challenges identified include cost, inconsistent application of R&R, loss of engagement for those not being recognized, lack of leadership involvement, and lack of manager training on best practices. HR.com's CEO, Debbie McGrath, emphasizes the need for adaptive strategies and cost-effective R&R programs to boost employee engagement and productivity.

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