Praise vs Profit: Driving Engagement and Productivity with Social and Monetary Recognition
There's no doubt in the data: frequent recognition is a key driver of motivation and retention. The new 2023 State of Recognition report from Achievers Workforce Institute shows increasing employee recognition has a high potential return on investment. In fact, individuals who are recognized at least monthly have higher job commitment than those who receive recognition quarterly or less often. But does recognition require money or points to be effective? Or could a simple, meaningful "thank you" be enough to move the needle on engagement and retention?
In this webinar, we'll dive into the different roles that social and monetary recognition play in helping drive business results and explore best practices for increasing recognition frequency and impact.