GITNUX MARKETDATA REPORT 2024

Employee Recognition Statistics [Fresh Research]

Statistic 1

"Companies with effective employee recognition programs have 31% lower voluntary turnover."

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Statistic 2

"50% of employees believe being recognized helps build trust with their managers."

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Statistic 3

"Companies with a recognition-rich culture have a 31% lower employee absenteeism rate."

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Statistic 4

"Employees who are recognized are more likely to be satisfied with their jobs by 63%."

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Statistic 5

"Recognized employees are more productive, generate higher levels of customer satisfaction and are more loyal."

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Statistic 6

"Formal recognition programs lead to a 25% increase in employee performance."

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Statistic 7

"69% of employees say they would work harder if they were better recognized."

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Statistic 8

"41% of companies that use peer-to-peer recognition can see customer satisfaction increase."

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Statistic 9

"Highly engaged organizations have a 21% greater profitability."

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Statistic 10

"58% of employees say their managers could improve if they gave recognition."

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Statistic 11

"Employee recognition can decrease employee frustration by 23%."

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Statistic 12

"Recognizing employees can improve their sense of purpose by 40%."

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Statistic 13

"72% of businesses agree that recognition programs drive higher employee engagement."

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Statistic 14

"83% of surveyed employees say recognition for contributions is more fulfilling than rewards and gifts."

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Statistic 15

"Employees who don’t feel recognized are twice as likely to say they'll quit in the next year."

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Statistic 16

"65% of employees haven't received any form of recognition for good work in the last year."

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Statistic 17

"91% of HR professionals agree recognition and reward make employees more likely to stay."

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Statistic 18

"Employee productivity increases by 25-35% when employees feel their work is recognized."

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Statistic 19

"60% of companies that implement peer-to-peer recognition report a rise in employee engagement."

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Statistic 20

"82% of employees feel that being recognized for their contributions makes them happier in their jobs."

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