According to the recent "The State of Employee Recognition in 2012" study from Bersin & Associates there is a serious gap between employee perception of availability and execution of rewards and recognition programs, and the amount of rewards and recognition programs employers are actually offering. According to the study 75% of companies have reward and recognition programs, but only 58% of employees are aware that their company is running these programs. Employers must do a comprehensive job of communicating the availability of certain rewards to employees in order for the recognition programs to be effective in motivating employees, increasing productivity, and employee morale. The study also revealed that in organizations where recognition programs are present employee engagement, productivity and customer service are about 14% better than those where recognition programs do not occur. Recognition programs can range from small spot rewards such as gift cards, to extra time off and larger rewards such as travel.
For more information on effectively communicating your organizations employee recognition program visit this Employee Benefit News article.