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Benefits of Recognition

• "Improved morale.  When employees are recognized for doing good work, they feel special, and consequently happier and more satisfied with their employers.
• Enhanced productivity.  Employees who feel good about their jobs tend to perform at a  higher level; the performance itself becomes a further motivator for wanting to continue to do a good job.
• Increased competitiveness.  When companies recognize and reward performance that is aligned with the organization's key objectives, the organization becomes more successful, competitive, and efficient in reaching its goals.
• Higher revenue and profit.  Any organization that wants to make money and be profitable will find that recognizing progress in those areas will encourage employees to work harder to make money, and realize greater profits for the company.
• Decreased stress.  Recognition helps to make work more fun and exciting, increasing the likelihood that employees will 'rise to the challenge' when needed, rather than feel out of control and swamped by their work.
• Decreased absenteeism.  When employees are thanked and valued for the work they do, they begin to look forward to the time they spend on the job.
• Decreased turnover.  More recognition equals better relationships, equals decreased turnover and increased tenure.
• Lower related costs.  When employees are happy to come to work and are excited about doing their best work, the need for - and costs of - interviewing, hiring, and training new employees declines drastically (Nelson & Spitzer, 2002, p. xxiii)."

Reference:  Nelson, B. & Spitzer, D.  (2003) The 1001 rewards & recognition field book.  New York: Workman Publishing.

Does your organization reap the benefits of recognition?

The 1001 Rewards & Recognition Field Book is available on loan from the Ohio State University Leadership Center.  To borrow this resource or any other resource please go to the resource search page http://140.254.85.212/winnebago/search/search.asp?lib

If this is the first time you have borrowed resources from the OSU Leadership Center, please contact us at 614-292-3114 and we will register you in our library system.  Once you have been added to the system, you may request resources via the website.

Learn how the Ohio State University Leadership Center is strengthening tomorrow's leaders today at http://leadershipcenter.osu.edu

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Created: 2008-04-02, Updated: 2008-11-12