Benefits October 31, 2002

Employee Recognition Still Very Much Alive

October 31, 2002 (PLANSPONSOR.com) - Executives lucky enough to have top-notch workers continue to embrace employee recognition programs despite the weak economy and faltering stock markets, according to a new study.
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The study by WorldatWork, a compensation professionals trade group, and the National Association for Employee Recognition, found that 84% of responding companies have a program to honor workers for their accomplishments.

Researchers said the figure was approximately the same as in last year’s study, taken just before the September 11 attacks. “This shows, ” researchers wrote,” that despite a tough economy over the past year, companies realize the importance of making sure their top performers are happy.”

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The companies had a variety of goals for their recognition programs:

  • creating a positive work environment, 84%
  • reinforcing desired employee behaviors, 76%
  • motivating higher performance, 73%
  • increasing morale, 69%
  • supporting organization values, 68%.

Respondents also reported a variety of ways to spotlight a top-performer:

  • gift certificate, 63%
  • cash, 58%
  • office accessories, 41%
  • jewelry, 40%.

The survey covered 391 companies.

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