A recent employee recognition study of over 800 respondents found that the most popular low-cost award for recognition of work on a project or assignment is time off.
Santa Cruz, California (Press Release) October 1, 2008
A full 56 percent chose time off over gift cards or certificates, electronics, or trophies or plaques for spot awards to recognize short term achievement.
While there was variation according to age, the majority of respondents in each age group listed time off as their number one choice. In second place were gift cards and certificates, with 34 percent listing these are their first choice.
36-45 year olds showed the strongest preference for gift cards and certificates, with 41 percent listing these as their first choice.
A second finding of the study focused on long term achievement. When asked to choose between a raise, bonus, reduced hours, recognition, or promotion for consistent top performance, respondents across all age groups chose a raise as their top preference (49 percent overall). Those 25 and under chose a raise 54 percent of the time, while those 26-35 chose it 58 percent of the time.
Overall the second most popular selection was recognition, followed by a promotion. Viewed by age those 25 and under and 46 and over prefer a promotion over recognition.
About the author:
Cindy Ventrice is the author of the best-selling book Make Their Day! Employee Recognition That Works and the companion guide Recognition Strategies that Work. She has been quoted in The New York Times, Harvard Business Update, Workforce Magazine and on CNBC. She has worked with managers in 14 countries and has helped hundreds of organizations improve employee morale and loyalty through effective recognition strategies.
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