CHAPEL HILL, N.C., May 23 /PRNewswire/ -- Employee performance is not only related to financial remuneration, but also, to daily affirmation of the employee's value and importance within the organization.
In a recent research study, Best Practices, LLC found that the highest rated forms of employee recognition are acknowledgement at staff meetings, followed by a personal letter of appreciation and formal recognition events in front of peers. Best- in-class companies specifically train their managers to recognize the importance of non-financial recognition and encourage them to employ the tactics on a regular basis.
Study participants indicated that resources spent training managers to be more sensitive to the employees' physiological needs are negligible in relation to potential productivity improvements brought about by too high levels of employee commitment and motivation.
The study findings profiled above are drawn from "Organizational Strategies for Improving Employee Morale," a benchmarking study performed by Best Practices, LLC. Thirty-nine leading companies of varying sizes from industries including banking, consulting, food and beverage, pharmaceuticals, financial services and technology participated in the study.
The full study can be accessed by subscribing to Best Practices Benchmarking and Best Practice Database. A complimentary 24-page overview of the Best Practice Database is available by clicking on the link: http://www3.best-in-class.com/dr226.ad.
Additional topics covered in the "Organizational Strategies for Improving Employee Morale" study include:
- A review of employee satisfaction measurement techniques.
- A review and ranking of employee recognition and reward tactics.
- An assessment of employee satisfaction location within organizations.
- Employee satisfaction program resource allocations.
- An evaluation of employee satisfaction communication mechanisms.
Some of the companies profiled in this study include: Abbott; US Bank; Emirates Airlines; Reuters; Ricoh Electronics, Inc; T-Mobile; Accenture; Autodesk; American Express; Bank of America; Capital One; CenterPoint Energy; Eastman Kodak; Goodyear; Johnson & Johnson; Marriott; PSEG; SAS Institute; Solvay America; Sprint and Xerox.
The full study is available by subscribing to http://www3.best-in-class.com/dr226.ad, the Best Practice Database.