Recogniton and rewards programs enable companies to place a spotlight on exemplary people through public praise, personalized monetary and non-monetary gifts, and experiences. There is no one-size-昀椀ts-all approach to recognizing and rewarding employees, which makes these programs ideal for any size organization, and on any budget. SHINE A SPOTLIGHT FACTS DON’T LIE Unlike other workplace programs, such as Plus, recognized people make happy employee resource groups (also referred people at work and at play, and studies have to as ERGs) which seek to be inclusive of shown that happy people are 31 percent all employees, recognition and rewards more productive, which 100 percent REWARDS + RECOGNITION programs do the opposite: they single out directly affects your business bottom-line. people and teams for doing great work And productivity is not the only bene昀椀t of that impacts your business objectives and recognizing and rewarding employees. How it works values. Leaders who show they appreciate their people generate higher levels of trust than THINK “RETAIN”, NOT “HIRE” those who don’t. People who trust their Moreover, employees who feel valued in managers are more likely to work harder for their organization are more likely to stay, them. which in today’s multi-generational job market is the ultimate challenge. Increasing A MULTIPLIER EFFECT employee retention is critical for your Recognition and rewards programs also business bottom line, since the average promote a culture of self-improvement cost-per-hire is around S4,500, according that boosts self-esteem and encourages to the Society for Human Resource collaboration among people. Afterall, Management (SHRM). Recruiting, hiring, and people at work spend more time with their training typically costs around 20 percent peers than they do with their own families. and can be as high as 50 percent of an That puts pressure on companies to not employee’s salary for more sought after only be a great place to work, but also a talent. When you 昀椀nd the right employee, great place to connect, grow, and thrive. keeping them and nurturing them is a business-altering initiative