Workhuman®, the company revolutionizing the way employees celebrate, connect with and appreciate each other in the workplace, knows that strategic and pervasive employee recognition delivers profound results. The research backs it up; a 10,000-person company can save up to $16.1M in turnover costs annually, alongside extraordinary workforce productivity gains, by investing in recognition. As a result, the company has introduced the Workhuman ROI Guarantee – a market first for the HR technology sector. After the first year of a customer’s Social Recognition program, Workhuman will refund the transaction fees collected if the customer does not achieve a significant increase in employee engagement or improvement in employee retention.
“With over 20 years’ experience delivering break-through, measurable client outcomes, we’ve developed battle-tested best practices that give us absolute confidence we can guarantee results,” said Tom Libretto, Workhuman President. “We know that employee recognition programs, when done correctly, not only increase engagement, reduce turnover, and improve productivity, but also strengthen overall organizational culture and elevate the employee experience. We’re putting our money where our mouth is and risking our fees because we know that Workhuman Social Recognition programs deliver results, and we have the unique ability to measure and prove it.”
How the ROI Guarantee works:
- Clients launch a Social Recognition program, designed for success, using best-practice program design frameworks.
- Clients achieve program participation and activity levels.
- Workhuman’s analytics team demonstrates achievement of pre-defined ROI metrics related to employee engagement and retention.
Workhuman’s employee recognition and experience software is informed by over one billion data points derived from the interactions of millions of real, actual humans. Research shows that an employee recognition program can prevent $91.9M in lost productivity, $3.8M in unscheduled absences, and $2.8M in avoidable injuries, in addition to the millions saved in turnover costs annually.
*Valid only for select new customers that sign contracts after October 10, 2023. Fees only include transaction fees that Workhuman collects throughout the first year of the customer’s Social Recognition program.
Explore HRtech News for the latest Tech Trends in Human Resources Technology.
