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Small firms more likely to recognize employee accomplishments

While most companies understand the value of employee reward recognition programs, small firms are more likely to show appreciation to their workers.

While most companies understand the value of employee reward recognition programs, small firms are more likely to show appreciation to their workers.

A survey of chief financial officers by Accountemps found that 65 percent of CFOs feel they do an adequate job of recognizing their employees. However, small businesses were twice as likely to thank their staff than large corporations. Sixty-nine percent of companies with 20 to 49 workers had recognition programs in place, while just 34 percent of firms with over 1,000 employees had such programs.

"Employee recognition at large companies can be challenging due to the size of the organization and the number of individuals each manager may supervise," said Accountemps chairman Max Messmer in a statement. "But recognizing great work is time well spent by leaders. To remain engaged, people need to know their contributions are valued."

Employee recognition is an important step toward engaging workers and boosting their performance. The large number of small businesses running reward and recognition programs proves that organizations don't need large budgets to implement successful initiatives. Companies can recognize workers with heartfelt thank-you​'s and small gift cards. Rewards should be personalized as much as possible and given in a timely manner.

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