In the article by Josh Bersin for Forbes magazine linked below you can clearly see the correlation of employee recognition and business success. In their comprehensive research project Forbes Magazine found that organizations that give regular thanks to their employees “far out perform those that don’t.” Further what the study found is that although many companies devote money to employee recognition programs (roughly 1-2% of total payroll), 87% of the recognition programs focus on tenure. Now while tenure is certainly something that can and should be acknowledged, research shows that only 58% of employees even know that such tenure programs exist which questions there effectiveness in creating a culture of employee recognition and appreciation. In laying out some recommendations on how companies can improve on their employees recognition one of Bersin’s recommendations is “Make recognition easy and frequent.”
This is where we might come in at The Presentation Watch Company. 50% of our customers are businesses that are purchasing our watches for their employees. 90% of our business customers are repeat customers. We take great pride in our work and the value, beauty and finish of our personalized watches with brass or nickel plates on hardwood boxes is second to none. At a price range of $169-$649 it allows an employer to acknowledge employees with a gift that say they matter and will last a lifetime. It is also something most will wear daily with a personal acknowledgement literally right on their wrist all day everyday.
http://www.forbes.com/sites/joshbersin/2012/06/13/new-research-unlocks-the-secret-of-employee-recognition/#2432abf02d94