Socialcast.com have collated data from a number of different surveys to illustrate the power of recognition in the enterprise. This infographic underscores the reasons to recognize employees aswell as how to recompense their performance effectively.
From the blog post:
According to a Westminster College study, 65 percent of surveyed managers believe that money is the primary driver of employee performance. However, the same data shows that employees actually feel differently. This discrepancy had lead to a disproportionate amount of attention paid to financial incentives and not enough spent on simple employee recognition and support. In general, managers can easily over look these non-financial incentives that can be powerful tools for improving employee engagement and performance. Before spending more on salaries, it makes sense to understand the value of a simple pat on the back in the enterprise.