According to the survey, the most popular recognition initiatives, beyond Service Award programs, include Above and Beyond Performance incentives and Peer-to-Peer nominations.
Long Island City, NY (PRWEB) July 22, 2015
Michael C. Fina, a leading provider of global employee recognition and incentive programs, today announced the results of an in-booth survey of 400+ HR professionals attending the recent SHRM 2015 Annual Conference & Exposition.
As recognition continues to be a popular way to keep employees motivated, 90 percent of respondents offer Service Award programs. Also, 60 percent of respondents plan to expand their employee recognition programs in the next 12 months.
Respondents' top goals for recognition programs include:
- Increasing employee engagement (71 percent)
- Improving retention (47 percent); and
- Motivating high performance (44 percent).
According to the survey, the most popular recognition initiatives, beyond Service Award programs, include Above and Beyond Performance incentives and Peer-to-Peer nominations. However, there is a growing trend around Wellness initiatives. Forty percent of respondents plan to increase recognition and incentives that are tied to wellness efforts.
"The increased focus on health and wellness in the workplace is in the public's eye due to the Affordable Care Act along with the recent push for paid sick leave in several major cities," said Cord Himelstein, vice president of marketing and communications, Michael C. Fina. "Companies are rediscovering that wellness in the workplace translates to lower healthcare costs for all of us."
The survey also showed increased interest in early recognition. While half of respondents indicated that their service award program begins at the five-year mark, one in four said they are now recognizing employees after one year of employment.
"The earlier you start building a meaningful connection with an employee the better," added Himelstein. "For decades the five-year mark was the benchmark to start a service award program, but younger workers are used to instant feedback and a more social workplace."
Michael C. Fina's poll was conducted in its booth at the SHRM 2015 Expo in Las Vegas, June 28-30, via data collection app QuickTapSurvey. For more information, visit http://www.mcfrecognition.com.
About Michael C. Fina
Michael C. Fina is a leading provider of global employee recognition and incentive programs that not only align with core values and business goals, but also inspire people to do great things. With a focus on personal service, the company's recognition and incentive programs help organizations develop more inspired relationships with their employees. Headquartered in New York since 1935, Michael C. Fina is family-owned and operated and certified by the Women's Business Enterprise National Council.