Companies with successful employee recognition programs achieve superior performance across a variety of key metrics.
LEWISVILLE, Texas (PRWEB) December 07, 2020
Semos Cloud partnered with Aberdeen in creating a specific knowledge brief focusing on employee recognition platforms that enable business leaders, employees, and customers to acknowledge and reward employee performance and behavior. These systems improve employee engagement, satisfaction, and productivity. Companies with successful employee recognition programs benefit from year-over-year improvements in business KPI’s.
The latest Aberdeen knowledge brief (KB), "Secrets for Maximizing ROI of Employee Recognition in 2021 and Beyond," highlights the major topics that allow organizations to measure the impact of successful recognition programs, leading to superior employee productivity and performance. “There are two pivotal capabilities that allow HR leaders to extract the maximum value from employee recognition programs – strengthening and enlivening internal communication and enabling a 360-degree view of employees by integrating data-driven HR systems,” says Omer Minkara, Vice President and Principal Analyst at Aberdeen.
The report unveils that businesses have struggled to maintain employee morale throughout the COVID-19 pandemic. Savvy firms using employee recognition and rewards programs achieve superior performance across a variety of key metrics:
- 2.2x greater YoY increase in employee tenure
- 3.4x greater YoY increase in recurring revenue generation
- 17% YoY increase in profitability
“Modern organizations need access to the right tools and expertise for implementing and managing employee recognition programs in a way that eliminates costs and errors by automating bi-directional integration with organizational data and employee master data,” adds Goran Rice, Chief Revenue Officer at Semos Cloud. Aberdeen’s knowledge brief finds that the companies with successful recognition programs reach 83% of alignment between employee activities and company objectives. It also underlines three key strategies for capitalizing on employee recognition investments that rely on:
- Effectively communicating expectations and rewards to optimize employee buy-in
- Integration between employee recognition and other relevant systems to optimize the impact of recognition programs and
- Innovative technology enablers augmenting the power of recognition platforms.
Semos Cloud’s end-to-end Employee Recognition and Rewards platform helps create and manage such strategic initiatives. JobPts, an SAP® endorsed app – available on SAP App Center and integrated with SAP® SuccessFactors® solutions – enables companies to extend existing HR technology stack and bring human experience management initiatives to the next level. It comes with built-in solutions for internal employee communications, employee surveys, and metrics to help create internal awareness and get feedback from the employees. AI-powered, it enables companies to rapidly analyze the vast volume of data to uncover hidden correlations and trends, such as links between employee skills validation, topics of high employee interest, and emotional capital for retention.
About Semos Cloud
Semos Cloud is an HR Tech company with a set of innovative Human Capital Management platforms perfectly integrated with SAP® technology, including SAP SuccessFactors®. Our solutions for employee recognition, feedback management, internal employee communications, and workplace collaboration are reshaping the experience of thousands of employees across the globe. To learn more, visit: https://semoscloud.com.
Aberdeen research content brings credible, 3rd party validation to the table with insights that are vendor-neutral and based on facts – not opinions. Aberdeen’s maturity class framework defines organizational goals, employee performance, bench strength and other insights to evaluate emerging technologies and their impact on business.
Any statements in this release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in SAP’s filings with the U.S. Securities and Exchange Commission (SEC), including its most recent annual report on Form 20-F, that could cause actual results to differ materially from expectations. SAP cautions readers not to place undue reliance on these forward-looking statements which SAP has no obligation to update and which speak only as of their dates.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.