ROI of Recognition

A 2008 survey of over a 1000 respondents completed by UK coaching company White Water Strategies showed that acknowledging staff achievements properly had an equivalent perceived value to a one percent pay increase.

So, that means if your company has an annual payroll of four million dollars, recognition has a perceived value equal to $40,000 in raises. Try this calculation with your company payroll figures. In this time of tight budgeting, would you say it is worth teaching managers how to recognize effectively? I would consider it an intelligent investment.

If you are interested in implementing recognition into your organization you will want to read this post.

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My name is Cindy Ventrice. I am the author of the best-selling book Make Their Day! Employee Recognition That Works and the companion guide Recognition Strategies That Work.

My work has been quoted in The New York Times, Alaska Airlines Magazine, Workforce Magazine, and Tim Sanders' book The Likeability Factor.


Visit my website www.maketheirday.com today!


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