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Building a business case for employee recognition during a recession

Updated on June 12, 2023

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Topics Covered:

Rewards and recognition

Key Takeaways

When the economy is uncertain and talent shortages grow, how can businesses stay competitive?

The answer is to make a strong business case for employee recognition. With 66% of HR leaders reporting worsening labor shortages, attracting and retaining top talent is more challenging than ever.

So, how can you rise above these obstacles? By investing in a platform that fuels engagement, elevates morale, and boosts retention — empowering your organization to not just survive, but thrive.

Which recognition platform drives the most engagement and impact?

The right recognition program can transform employee engagement and drive lasting cultural change.

AWI research reveals that Achievers’ employee recognition platform outperforms competitors in active usage and recognition frequency. Achievers users are 45% more likely to receive recognition at least once a month compared to those using other platforms.

Achievers outperforms its competitors in driving frequent recognition chart

In The business case for recognition during an economic downturn, learn how small increases in recognition frequency can make a big difference in boosting engagement and retention. With the right program, businesses can create a culture that motivates employees to perform at their best — no matter the economic climate.

Why recognition is your secret weapon

When times get tough, recognition is a powerful tool to help your team stay engaged, productive, and loyal. It’s not just about morale — it’s about driving real results and keeping your business moving forward, no matter the challenges.

Here’s a sneak peek of what you’ll learn:

  1. How recognition can inspire higher productivity and balance workload stress
  2. Why employees who feel recognized are less likely to job hunt or leave during layoffs
  3. How consistent recognition helps maintain morale, even when teams are understaffed

Download the report to see how making the business case for employee recognition can help your organization thrive, even in the most uncertain times.

Profile image of author: Caitlin Nobes

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