Globoforce

Many companies are concerned about how the struggling economy may affect their performance-based pay increases.

Many companies also are worried that the potential lack of substantial pay increases may have a negative effect on morale and engagement.

As the leading provider of global strategic recognition solutions to the world’s most diverse and globally distributed corporations such as Intuit, Amgen and Nortel Networks, Globoforce helps companies implement low-cost, high-impact recognition programs that improve morale, increase productivity and drive strategic objective performance results.

A recent roundtable by McKinsey & Co. and Corporate Executive Board shows that low value awards have 10 times the impact of an increase in base pay. White Water Strategies also found acknowledging staff achievements had the same impact as a 1% raise in pay. Globoforce helps companies develop strategic recognition strategies that drive bottom line results by tying core company values to everyday recognition moments.

Download our new Executive Briefs, “Increase Employee Performance by Meeting Psychic Income Needs” and “The Power of Recognition to Overcome Recession Fears” to learn the latest tips to continually engaging your employees during this time of uncertainty.