Overview
At BI WORLDWIDE, we use the principles of behavioral economics to create the best engagement strategies on the planet. We work with expert academics who advise us on the latest research on human behavior, engagement and decision-making. We use non-cash rewards and recognition to engage and motivate employees and sales teams. Check out our case study library to see how our customized and results-driven solutions have helped clients all over the world.Everyone likes to be noticed! Recognition and rewards help people feel good about what they are doing and things they have accomplished. Known to behavioral economists as the dopamine effect, recognizing employees will keep them focused, directed and willing to repeat the behaviors they were recognized for. Here are ten reasons why recognition works:
ONE: It shows employees that you appreciate and value them.
Sincere, timely recognition given face-to-face or in writing is a gift that employees are thankful for and often cite as a key reason for being engaged.
TWO: It empowers you to promote what you value on your team.
Public recognition reinforces the key behaviors and attitudes you want to foster within your group.
THREE: It sets standards of performance for everyone to aspire to.
Recognition is a positive way to communicate what you expect from all employees and that you are willing to publicly celebrate those who meet your expectations.
FOUR: It helps reduce turnover and retain top talent.
It’s been said that employees don’t quit a company – they quit a boss. Giving consistent, positive and timely recognition helps employees be more loyal to you.
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