Almost 70 per cent of employees polled by P&MM believe a public ‘thank you’ from the boss is a worthy alternative to other, more expensive, incentive options.
Of the 400 UK employees questioned, more than two thirds said that if a company did not have the budget for an incentive, a formal show of gratitude in front of peer group colleagues would suffice. However, 43 per cent said they had not received any reward in the last year and 61 per cent felt their company did not offer enough non-salary incentives.
Of those companies which did offer staff and customer incentives, 64 per cent failed to consult with their audience before deciding on the type of reward.
John Sylvester, managing director, P&MM Motivation, said: “This analysis demonstrates the outstanding value of a well structured recognition programme with a staggering 67 per cent saying that, under the current conditions, it would be a worthy alternative to traditional performance incentives. This is backed up by the strong growth in demand that we have seen here at P&MM for this type of programme.”
The 20-page P&MM METRIC Report 2012 also includes data on meetings, events, travel and communications. It can be downloaded for free via http://pmmourworld.com/metric-report-download-your-copy-now/
Pictured: John Sylvester, P&MM Motivation