Employee recognition promotes morale , increases productivity, and builds positive relationships. Praise for employee accomplishments reinforces quality performance, benefiting both the employee and the organization. Globally, employee recognition is a $46 billion market. Statistics on employee recognition can help employers to better recognize and reward their employees . A recent survey found employee recognition was most important to 37% of employees. Teams scoring in the top 20% of engagement experience 59% fewer turnovers. Approximately 34% of US workers feel engaged. 53% of workers in the US are not engaged, according to Gallup’s employee engagement statistics. Despite these facts, one survey found that 65% of employees haven’t received any form of recognition for good work in the last year. When people aren’t appreciated for their hard work, they aren’t as inclined to continue to produce. What are the statistics on empl...