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HomeRecruitmentAre Companies Rethinking Their Worker Recognition Packages in 2022?

Are Companies Rethinking Their Worker Recognition Packages in 2022?

For a lot of organizations, worker recognition has at all times been one of many cornerstones of efficient administration. Nevertheless, at present, with the worldwide expertise scarcity and the competitors for expert staff at an all-time excessive, recognizing and rewarding the workforce has develop into extra vital than ever earlier than. And we even have the info to show it.

At SSR, our web page that includes the finest worker recognition platforms has been getting important curiosity during the last yr. There has additionally been a forty five% enhance within the variety of folks trying to find worker rewards and recognition platforms in 2021, as in comparison with the earlier yr.

Additional, during the last six months alone, there was a ten% international enhance within the variety of searches for worker recognition packages. Analysis carried out by HRM exhibits that US organizations spend over $100 billion yearly on incentive and recognition packages. And in line with specialists, this quantity is simply set to extend sooner or later.

Nevertheless, what’s most attention-grabbing to take a look at, utilizing Google Search Console, is what individuals are particularly trying to find, aka the searcher’s intent. Listed below are 5 phrases which have had probably the most curiosity in 2021, together with the enhance in searches during the last six months:

After we have a look at this information, it’s clear that HR groups aren’t simply on the lookout for any worker recognition platform — they’re on the lookout for an answer that truly works and offers actual outcomes.

What to Think about Earlier than Shopping for a Rewards and Recognition Platform

With 44% of staff switching jobs resulting from lack of recognition for his or her efforts, there is no doubt that discovering an efficient system has develop into the necessity of the hour. So, if you have not applied a rewards/recognition platform to your group but, listed here are just a few vital issues to bear in mind earlier than shopping for one:

1. HRIS Integration:
If a vendor does not combine along with your current HRIS, you are going to spend so much of effort and time updating it each time a crew member is onboarded/offboarded. It additionally implies that you’ll have to allocate extra IT assets to make sure that your rewards platform works seamlessly.

2. Integration with pre-existing communication channels:
Suppose your staff use communication apps like Slack or Microsoft Groups each day. In that case, the popularity platform you select ought to be capable of talk along with your staff by these channels. Not having one other app to log into facilitates a rise of their utilization of the rewards system.

3. Flexibility:
A great worker recognition platform is one that’s versatile sufficient to assist the particular wants and targets of what you are promoting. Whether or not it is wanting your staff to take part in a well-being program that your HR crew put collectively or creating an elaborate reward scheme, the seller you select ought to be capable of present the flexibleness you want.

4. Worker viral loops:
The success of an worker recognition program is considerably depending on the virtuous cycle of staff getting after which giving public recognition. A well-run peer-to-peer recognition program sees round 90% of staff logging into the system every month to acknowledge their co-workers.

With out this viral loop, HR groups are both compelled to constantly beg folks to make use of the system – or threat this device having little to no impression on firm tradition.

Recognizing achievements and offering rewards by recognition software program will assist increase worker engagement, make your groups really feel extra valued, and extra engaged within the success of your organization. It actually is among the key stepping stones to organizational success!

Associated Articles:

Our Roadmap for Efficient Worker Recognition Packages

Inventive Worker Award Titles for Recognition


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