Employee recognition programs are an important component to creating a healthy company culture.  HR professionals with value-based recognition programs and a budget of 1% of payroll or more are more likely to perceive positive effects on the organization and its employees. The majority of HR professionals indicate their employee recognition program had a positive impact on employee engagement, workplace culture, retention and employee happiness.  Below are the results of a survey conducted by SHRM pertaining to the perceived impact Employee Recognition Programs have on the organization as well as the perceived impact based on the link to the organizational investment.

The most important workforce challenges that employers face are:

• Employee retention/turnover
• Employment engagement
• Recruitment
• Succession Planning
• Culture management
• Performance management

A successful Employee Recognition will have a positive  impact on all of these challenges.