In a recent study conducted by Globoforce and SHRM (Society for Human Resource Management) shows senior executives and human resources scoring the lowest marks for giving recognition. This confirms our own data that shows that top-down recognition programs need to be reinforced with peer-driven recognition, giving every employee the power of appreciation.
The survey was based on 803 HR professional respondents from a randomly selected sample of SHRM’s membership with the title of manager or above and from organizations with 500 or more employees. The study was conducted March of 2013 and has a margin of error of +/- 3%.
Other key findings include:
- Nearly half of HR professionals indicated “employee engagement” as the No. 1 HR challenge their organization faces. Other common HR challenges included “succession planning” (39%), “culture management” (35%), and “employee retention/turnover” (33%).
- An overwhelming number of organizations (94%) believe positive feedback (reinforcing behaviors or performances that should be repeated) has a greater impact on improving employee performance.
- Over three-quarters (77%) of organizations conduct annual performance reviews. This is the reason we are sponsoring the webinar “Like Me, Engaging Employees In the Era of Social“.
Nice work on this Globoforce and SHRM! Here is the full presentation: