Premium Incentive Products - Inspiration for Motivation Newsletter Features

Feature Story

July 2017


Survey: Performance & Service Awards Most Popular Forms of Recognition

Recent Inspiration for Motivation Feature Stories

Survey: Employee Recognition Widespread - June 2017

Study: Financial Services Industry Needs to Focus on Engagement - May 2017

IRF Research Looks at Wellness in Meetings & Incentive Travel - April 2017

Few Global Companies Prepared to Build Organization of the Future - March 2017

What Are the Top Trends for Incentive Rewards, Recognition & Travel in 2017? - February 2017

Burnout: Study Reveals Big Workforce Challenge in 2017 - January 2017

Survey Looks at Holiday Gift Practices - December 2016

Culture & Communication Are Critical for Sales Compensation Policies - November 2016

Despite Tech Revolution, Younger Workers Want In-Person Collaboration - October 2016

Report: Small Biz Uses Merchandise to Motivate - September 2016

Workers Want Insight on How They Affect Bottom Line - August 2016

Incentives Market Reaches $90 Billion Annually - July 2016

Report Reveals Proven Ways to Create a More Human Workplace - June 2016

Employers Falling Short in Recognizing Millennials - May 2016

SHRM Survey: Employee Job Satisfaction Hits 10-Year High - April 2016

Which Generation Is Most Engaged? Survey Says: Gen X - March 2016

IRF Spotlights Top Motivation Trends for 2016 - February 2016

Bersin by Deloitte Looks at Growing Challenges in Engagement, Productivity - January 2016

SHRM Says Fewer Are Hosting Holiday Parties for Employees This Year - December 2015

New IMA Study Examines Award Preferences, Dispels Myths - October 2015

IMA Recognizes Five Firms with Circle of Excellence Awards for Successful Incentives - August 2015

The two most popular forms of employee recognition are Above & Beyond Performance and Service Awards, according to a new survey. Michael C. Fina Recognition, a leading rewards, recognition and incentives provider, announced the results recently from its third annual in-booth survey of more than 100 HR professionals at the Society for Human Resource Management (SHRM) 2017 Annual Conference and Exposition in New Orleans. The survey respondents also reported that organizations should focus more on tying recognition into onboarding initiatives and on overall recognition program measurement.

Mirroring last year's survey results, Above & Beyond Performance and Service Awards are the most effective methods of recognition, garnering 38 percent and 21 percent of votes, respectively. In addition, more than half (52 percent) of respondents indicated they currently have a comprehensive recognition program with three to five initiatives in place.

"Service awards have always been the cornerstone to any recognition program," said Cord Himelstein, vice president of marketing and communications of Michael C. Fina Recognition. "But as the recognition space grows, we're seeing achievement-based programs like Above & Beyond becoming more and more essential."

Although 73 percent of respondents said they plan to make changes to their recognition program over the next year, 67 percent said they do not integrate employee recognition with onboarding activities. Dealing with limited budgets and/or resources was the number one challenge for HR professionals, according to nearly half of those surveyed (49 percent).

"Even with limited resources, organizations that build engagement at the beginning of an employee's tenure are more likely to have better long-term retention rates," Himelstein said.

Nearly four out of 10 survey respondents said they use employee surveys to measure their programs, but a near-equal amount said they do not measure the success of their recognition programs at all. This aligns with other industry research, as a recent WorldatWork study reported only 5 percent of recognition programs are measured for ROI.

"Measurement is an essential component of successful recognition. It is very hard to improve what you can't measure," Himelstein said.

For more details, visit www.mcfrecognition.com.