Synchro actively researches the latest Incentive Marketing and Motivation Industry Reports and Papers to provide you with information designed to demonstrate ROI - ‘proof of performance’ for using proven recognition, reward and employee engagement strategies to grow your business.
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An exceptional worker can deliver up to 40 percent more value to the Company than his or her average counterpart... which can translate into enormous financial gains.
'Stack Your Staffing Deck', Return on Performance, Fourth Quarter 2009
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A 15% improvement in employee engagement can mean a 2% increase in operating margin - Towers Perrin.
'Incentives Vs. Recognition: How Do You Get Your Workers Engaged Again?', Forbes.com, December 2009.
Companies in the top quartile on both engagement and enablement, exceed industry averages on five-year return on assets, return on investment, and return on equity by 40 to 60%.
'Tough Decisions in a Downturn Don't Have to Lead to Disengaged Employees', Hay Group, August 2009.
In the 2008 Employee Involvement Association Suggestion System Survey – 33 participating companies reported a total saving of over $564 million – an average saving of $9,000 per implemented suggestion.
‘Optimizing Human Capital Assets in Tough Times’, Performance Improvement Council, May 2009.
Towers Perrin found that firms with the highest percentage of engaged employees collectively increased operating income 19% and earnings per share 28% year-to-year.
Recognition Council - 'Employee Recognition and Rewards Programs Can Generate Significant Revenue and Profits', July 2009.
Employee Engagement: Despite the uncertain economy, 77% of Australia's work-force are keeping their options open for a role that better fits their needs.
CareerOne 'Hunting the (Hidden) Hunters' February, 2009.
A 10 year Fortune 500 Study showed that those companies with high employee engagement outgrew lesser engaged companies by 4:1.
Engagement' - Site International Foundation, May 2009.
Most Companies use a variety of disjointed programs to recognise and reward their people. Learn how to get more from your employees without paying more...
Cash Just Isn't Enough to Motivate: Four Cornerstones to Successful Recognition', Manage Smarter, March 2009.
80 percent of workers are not engaged in their job. Disengagement stifles productivity - it is a cost to business of $33.5 billion a year.
“Workers as disengaged as ever”, The Australian Financial Review – Tuesday, 10 February 2009. Pg 59.
85% of a company's capital is derived from intangible assets such as knowledge, technology/intellectual property, brand/reputation and human talent.
Brookings Institution, 2008.
The fixed cost of Incentive Programs, unlike other sales and marketing strategies, is 20 to 30% of the Program. The remaining 70 to 80% is paid ONLY when the Program's goals are reached.
Incentive Research Foundation: 'Why Incentive Programs Endure Recessions,' December 2008.
A Global Study conducted by Towers Perrin showed that only 14 percent of employees worldwide consider themselves to be fully engaged in their work.
‘Incentive Primer: Employee Disengagement Dilemma’, Manage Smarter, June 2008.
The Hewitt Survey noted that 'Best Employers' average profit growth outstripped that of the other organisations in the study by 25% to 21%.
"Laughter a Positive Sign", The Australian, 4 August.
The 'Trends in Employee Recognition Survey 2008', reports that over 90 percent of responding organisations are continuing all of their existing Recognition Programs or have increased them in the last 12 months.
"The Rise and Fall of Workplace Recognition", Manage Smarter, May 2008.
Voluntary employee turnover is at a record high of 14 percent... work / life balance is the most important factor in employee attraction and retention.
The Converge report, "Work-Life Balance: The Key to engaging and retaining the 21st century workforce", March 2008.
Those companies who have both staff and customers engaged outpace their competition by 26% in gross margin and 85% in sales growth.
The Australian Financial Review Tuesday, 4 December 2007.
Companies with high levels of employee engagement ... improved their operating income by 19.2% ... while companies with low levels of engagement saw their operating income decline by 32.7% over a 12 month period.
"FORUM - The Economic Case for People Performance Management and Measurement", December 2007.
According to Hewitt Associates, every engaged employee is worth about $5,000 each year in additional profit.
The Australian Financial Review, “Work Space” – Tuesday, 9 October 2007. Pg 58.
74% of respondents declared that their organizations were highlight focused on customer service improvement. However, only 44% indicated they had a formal process for achieving these desired service improvements.
"The Key to Customer Loyalty", The Ken Blanchard Companies, June 2007.
Earnings Per Share (EPS) grew 2.6 times more among publicly traded companies with top-quartile employee engagement levels than among businesses with below-average engagement.
The Gallup Management Journal, June 14, 2007.
KPMG's People First Recognition Program has made a big impact - a 3.6% fall in turnover, saving $3 million and $5 million per annum.
The Australian Financial Review, ‘Work Space’ - Tuesday, 27 March 2007. Pg 59.
69% of workers surveyed say that non-monetary forms of recognition provide the best motivation.
The Gallup Organisation Marketing Magazine May 2007.
Australian results from an International Survey by Accenture, show 67% of job seekers target employers who recognise and reward accomplishments.
‘New Ways to Find and Keep the Best’. The Australian Financial Review, 2 February 2007.
Effectively designed and properly implemented Incentive Programs increase Individual Performance by an average of 22%. Team Incentives can increase performance by as much as 44%.
‘Incentives, Motivation and Workplace Performance’, International Society of Performance Improvement.
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