BI WORLDWIDE report: Recogdemption: A Formula for Loyalty. A Blueprint for Change
It shows, using data from BI WORLDWIDE’s EMEA client programmes, that the first six months of a new employee’s tenure are critical, and that six or more recognitions can double rates of engagement with reward.
Specifically, there are two primary types of employee behaviour: spenders, who redeem rewards every six months, typically after five or six “recognitions”; and savers, who redeem every 12 to 24 months, typically after between eight and 12 recognitions.
Download the full report to find out:
- 66% of high/frequent recognition receivers at one employer are also high/frequent visitors to its rewards platform.
- 50% of high recognition receivers are classified as spenders.
- 40% of occasional/low recognition receivers are savers.
- High-frequency reward redeemers are four times more likely to stay in an organisation for at least 18 months.
Supplied by REBA Associate Member, BI WORLDWIDE
BI WORLDWIDE is a global engagement agency delivering measurable results for clients through inspirational employee and channel reward and recognition solutions.
