Recognition Tip

Effective Recognition Training & Consulting

Recognition Tip

March

Recognition Training's Return on Investment

Many companies rely on recognition programs as their sole motivational tool. The reality is most programs are designed only to impact a small fraction of the employee base. The "Employee of the Month" program is one example.*

Recognition Training is an essential aspect of a company's recognition platform and should be implemented in conjunction with the program. Coaching employees how to motivate and recognize others is the key to a thriving culture. And it makes good business sense.

Research shows one of the most common reasons why people quit their jobs is due to a lack of recognition for their work. Considering the high price of turnover, up to 50% of an employee's salary, the ROI for recognition training is quickly recouped.

Recognition Training is similar to the idea of giving people a fish to feed them for a day, versus teaching them to fish so they can eat for a lifetime. The best investment an organization can make is in its people.

* Read more about the "Problems with the 'Employee of the Month' Awards".

If you have a question that you would like to see answered in a monthly Recognition Tip, feel free to email ERC.