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What sets recognition apart, is that it is unexpected. Whilst the overall monetary output from the organisation is relatively low, the impact is huge…employees don’t focus on the amount, they are just happy that someone has appreciated and acknowledged what they’ve done. That is hugely powerful!
Head of Employee Benefits and Wellbeing
By consolidating recognition programs, KPMG increased recognition 165% while only increasing program budget 19% for 12,000 partners in 22 UK offices.
KPMG UK’s past employee reward schemes were seen outdated, inconsistent and non-strategic. It also caused confusion amongst employees as to what KPMG was trying achieve.
KPMG’s recognition programme with Globoforce called Encore!, fosters world-class people performance and integrates tightly with the values of the organization Encore! enables all employees and managers to recognise each other quickly and easily through a single, secure online platform accessible across all offices.
In only one year, KPMG saw a 25% increase in the number of employees receiving recognition awards whilst the total number of awards distributed jumped by 165%, with only a marginal increase to the total recognition budget.
Take this quick recognition assessment and see how your company measures up against best practices.
Learn best practices to engage employees and unify culture. Presented by: Derek Irvine, Globoforce and David Learmond, The Conference Board