Recognition vs. Rewards: Choosing the Right Strategy & Tactics

On-Demand

September 28, 2022

Tom Short

X min

54 min

With Tom Short, Co-Founder & CCO at Kudos

From fostering stronger connections between managers and their team members, reinforcing organizational core values to increasing retention, employee recognition continues to evolve from being a bonus to a necessity.

In this webinar, we'll reveal the approach to employee recognition that the most successful businesses are using to achieve 31% lower voluntary turnover, and 58% increases in profit margins. We'll also explore common pitfalls when selecting an employee recognition platform, how to give meaningful recognition, and how recognition fuels an intrinsic motivation through connection!

So many organizations still view recognition as nothing more than a way to deliver perks and rewards to their employees. While there’s nothing wrong with offering your employees monetary rewards, studies have shown that a staggering 92% of businesses don’t see an impact on their employee retention, engagement, or performance from their rewards-based programs.

Your employees have an unprecedented amount of power in today’s labor market. Successful businesses have realized that in order to keep their talent and remain competitive, they need to do more than just give their employees more money and hope they don’t find a better deal elsewhere.

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