Are Employee Recognition Programs Really Important?

award-ceremony

The number one reason most Americans leave their job is that they do not feel appreciated! Did you know that approximately 65% of people say that they do not receive recognition for good work.(1) People want affirmation and to know that they are doing a good job. There have been numerous studies over the years that have proven that one of the top motivators of employee engagement, satisfaction, and loyalty is recognition. Employees in a recognition-focused organization are 5 times more likely to feel valued, 6 times more likely to invest in the company, 7 times more likely to stay, and 11 times more likely to feel completely satisfied.

According to Forbes research, companies that give regular thanks to their employees far outperform those who do not. Nearly 75% of organizations have a recognition program despite the fact that only 58% of employees know about it.(2) The most common type of recognition you will see at companies are tenure-based. What’s interesting is that research shows tenure rewards system has virtually no impact on company performance. Would you work harder and stay another year with your company so you could qualify for a 10-year watch? Probably not.film The Great Wall online streaming

Companies that have updated their recognition programs have seen a 31% lower turnover rate.(3) Now that’s a statistic that gets your attention. Most CEO’s we know would pay whatever it takes to reduce their turnover rates. Let’s look at a few statistics to further drive home the importance of employee recognition programs.

  1. Organizations with strategic recognition programs in place exhibit 28.6% lower frustration levels than companies without recognition programs. (SHRM/Globoforce Employee Recognition Survey, 2012)
  2. Organization with the most sophisticated recognition practices are 12 times more likely to have strong business outcomes. (Bersin by Deloitte, The State of Employee Recognition, 2012)
  3. Praise and commendation from managers was rated top motivator for performance, beating out other noncash and financial incentives, by a majority of workers (67%). (McKinsey Motivating People, Getting Beyond Money, 2009)
  4. When companies spend 1% or more of payroll on recognition, 85% see a positive impact on engagement. (SHRM/Globoforce Employee Recognition Survey, 2012)
  5. Recognition is an important psychological need. Employees who know that they will receive recognition for acting on the brand promise will have a strong incentive to do so. (Gallup, 2013 State of the American Workplace).
  6. Peer-to-Peer is 35.7% more likely to have a positive impact on financial results than manager-only recognition. (SHRM/Globoforce Employee Recognition Survey, 2012)
  7. 60% of Best-in-Class organizations stated that employee recognition is extremely valuable in driving individual performance. (Aberdeen Group, The power of Employee Recognition, 2013)

Recognition brings higher engagement, positive employee morale, quality work, and employee retention. What does your company’s recognition program look like?

Sources
(1) Gallup, Tom Rath and Donald Clifton, How Full is Your Bucket? Positive Strategies for Work and Life, 2001
(2) Bersin by Deloitte, The State of Employee Recognition, 2012
(3) Bersin by Deloitte, The State of Employee Recognition, 2012

The J Paul Company has a New Look at JPaulCo.com

JPC-HomepageThe J Paul Company, an awards manufacturer and distributor of branded products based in Lewisville Texas, has unveiled a new website as part of their strategic plan to continue the rapid growth of their branded products and programs business. The full website redesign is aimed at fully defining each line-of-business to better serve their growing client base.

“From small businesses to large enterprises, we are built as their turn-key partner for awards, branded apparel, employee uniforms, and branded products,” said Steve Tabor, President at The J Paul Company. “Marketing communication through our website and online channels is a strategic priority for us to continue delivering superior products and services to our clients.”

The new website showcases J Paul’s in-house service offerings of awards manufacturing and apparel embroidery, along with top-quality branded products.watch Krampus 2015 film now

JPaul.com now features:

  • Awards: A complete selection of crystal, glass, and acrylic awards for any occasion or recognition opportunity. From individual performance recognition or charity golf tournament to large workforce award ceremonies, J Paul will help select the right award to fit the occasion.
  • Apparel: With a seemingly endless selection of apparel, J Paul helps clients navigate the selection process. A major benefit in choosing The J Paul Company, they embroider the garments in-house for the best quality result and guaranteed delivery schedules.
  • Branded Products: Selecting the perfect product for branding can be daunting. That’s where J Paul’s experience and expertise make them a valued partner to their clients. Selecting top-quality products and living up to the quality of your brand is what has built these client partner relationships.
  • Employee Uniforms: Establishing your brand with the people who carry out the work every day is a powerful branding opportunity. From the uniform look and purpose to usability, J Paul has experience across many industries from food & beverage to construction.
  • Team Uniforms and Apparel: Get the latest uniforms and branded performance gear on the market. J Paul offers everything from team uniforms to fan apparel.
  • Print: The J Paul Company works with so many client partners on events and because of this, the demand for an easy print solution was necessary. The company now adds yet another value turn-key offering to make event campaigns that much easier.

With the new website the company also has created Programs-as-a-Service! Its combination of turn-key services, products, software, and facilities delivers on-going branded merchandise and services on-demand. Often clients need a solution for year-round availability of products and services. J Paul created the solution!

Program-as-a-Service Benefits:

  • Consistent availability and warehousing of branded products & apparel
  • Turn-key order fulfillment
  • 100% brand guideline compliance
  • Online ordering for employees, members, and fans
  • Dedicated account representative
  • On-demand services for trade shows, banquets, ceremonies, trips, and more

The website is the first phase of marketing plans for The J Paul Company. Additional initiatives are planned for Q4 2014 and phase two of the website is slated for 2015.

To learn more about The J Paul Company, visit http://www.jpaulco.com.