Strategic Recognition Can Promote Engagement

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<p><strong>Westborough, Mass. &mdash; Aug. 27</strong><br />A recent study suggests gauging employee satisfaction is worthless unless companies have engaged workforces, according to Globoforce, an on-demand provider of global, strategic recognition solutions.<br /><br />In a study by the Corporate Leadership Council, increased engagement can lead to a 57 percent improvement in discretionary effort. </p><p>Further, increased discretionary effort improves performance by 20 percent and reduces attrition by 87 percent. Highly engaged organizations grow profits three times faster than their competitors.<br /><br />Although employees might say they are &ldquo;satisfied,&rdquo; it does not mean that they are necessarily performing to the best of their abilities. </p><p>And employee engagement is key to building a sustainable, high-performance workforce &mdash; engagement makes employees loyal, proactive, productive and invested in the growth of the company. <br /><br />&ldquo;Satisfaction has long been considered the cornerstone for evaluating the strength of a company&#39;s workforce, however, satisfaction is only a measurement of past experience &mdash; not an indicator of future behavior,&rdquo; Eric Mosley, Globoforce CEO, said. &ldquo;Companies need to focus on engaging their workforces, and a well-executed recognition program can be the &lsquo;tipping point&rsquo; to making engagement matter.&rdquo;<br /><br />Employee-recognition programs can create a culture of appreciation for employees and fosters engagement,  thus creating loyalty. </p><p>Without the use of tools such as strategic recognition programs, companies become increasingly vulnerable to losing their employee talent to competitors. </p><p>Recognition programs can help raise the engagement score at any company by catering to the desires of each individual in a workforce, enhancing employees&rsquo; sense of value, building confidence, inspiring and, most important, build an appreciation culture.</p>

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