Recognition and Rewards in the Australian Workplace
Discover how recognition and rewards empowers the Australian workplace and fuels productivity and engagement. Plus, we reveal the critical correlation between recognition and reward funding and retention challenges.
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Recognition fuels productivity and retention...
1
in
3
employees
say they would consider staying with their current employer if they received more recognition.
Aussie employees feel more productive when receiving recognition and rewards...
49%
of
HR managers
who say their recognition and reward programs are underfunded have turnover rates of 11% or higher.
Engage and retain your people with effective and meaningful recognition and reward initiatives.
Address the disconnect between HR perception and employee reality:
HR managers believe employees are consistently recognised
Employees who believe they're consistently recognised
Employees who rarely feel appreciated or recognised
Employees see the ripple effects of recognition...
“It's not something that’s done well in my company and it can drastically improve output and productivity if there is recognition and reward regularly.”
- Early Millennial
“It’s always nice to be recognised for the work you do. And I believe if you feel valued, you are more motivated to do what’s needed and more.”
- Late Millennial
“As a manager myself continually recognising and rewarding my team, I would like to sometimes see that in the reverse.”
- Generation X