One would be hard pressed to find a business leader who didn’t agree that engaged employees perform better. Study after study shows investing in programs that build employee engagement are good for the bottom line. The benefits outweigh the costs in terms of higher productivity, less absenteeism, stronger culture, more innovative ideas, and the list goes on. The business indicators are no longer subjective. Today’s technology allows organizations to measure the results before and after with data-based reporting and usage rates. It is difficult to argue with the numbers.
Chances are your organization has one or more recognition programs or an operating budget line item. It may be a business unit’s slush fund to recognize employees with a perfect safety record or gift cards managers buy to thank employees or a tradition of acknowledging career milestones.
These types of programs are great but organizations are missing out on the value-added benefits of having one centralized HR technology to manage, not to mention ensuring equality.
Here are three reasons more and more companies (of all sizes) are using technology to assist in engaging and recognizing their people.
- Company-Wide Visibility
Informal recognition programs are great but are often ad hoc and only visible to the individual or their business unit. Being publicly recognized amongst peers and management is an extremely powerful motivator. Company-wide visibility reinforces core values and goes a long way in establishing a culture of recognition.
- Administrative Ease
Sure running out and buying a dozen gift cards isn’t a big deal. However, now you have to fill out an expense form, get it approved, send to accounts payable who has to log and cut a cheque that needs to be signed and then another trip to the bank to deposit. Oh and you likely need to buy a thank you card too. Sound familiar?
- Cost Effective
HR Recognition Programs such as CSI STARS adapt to any size budget. In many cases, moving to a recognition platform is cost neutral. The dollars allocated to each business unit for recognition can be pooled and used more efficiently. Gifts can be sent immediately after a positive behavior, project success or employee milestone. Employees can be recognized by peers and managers which doesn’t cost a thing (non-monetary) but inspires while improving performance and morale. The benefits quickly outweigh any additional costs as key performance metrics start climbing.
Top employers recognize the benefits of engagement technology. Tools to streamline administration, make recognition a daily event and measure results all help build an engaged workforce. It just makes good business “cents”.
Ready to get started?
CSISTARS is happy to lend a hand. Contact Us today.