ALEXANDRIA, Va. and SOUTHBOROUGH, Mass., Nov. 15, 2012 /PRNewswire-USNewswire/ -- Roughly seven in 10 organizations use employee recognition programs to strengthen corporate culture according to a joint survey from Society for Human Resource Management (SHRM) and Globoforce consultancy.
The survey shows that 72 percent of HR professionals say their company or organization's employee recognition program serves to help the business "instill and reinforce corporate values to its employees."
Even more—82 percent—report employee recognition programs have a positive impact on employee engagement. Another 54 percent say recognition programs help the organization retain employees.
Still, when it comes to performance reviews, only 61 percent of HR professionals say employees are rewarded according to their job performance and only 56 percent say annual performance reviews are an accurate appraisal for employees' work. A little more than half—52 percent—of HR professionals say managers and supervisors effectively acknowledge and appreciate employees' performance.Furthermore, the joint SHRM-Globoforce survey, the second of two to release in 2012, shows that:
- 50 percent of HR professionals say their company has a recognition program tied to company values;
- 27 percent of HR professionals say their company's recognition program is not tied to company values; and
- 18 percent of HR professionals report that their company has no program in place while six percent report plans to implement a recognition program in the next 12 months.