Results from a recent survey from software provider BambooHR indicate employers who can’t provide hefty bonuses may benefit from recognizing employees.
Nearly a third of employees said they’d prefer being acknowledged for their work to a $500 bonus.
The survey also found that one in five U.S. employees would rather receive a promotion and higher title without a 3 percent raise, instead of a 3 percent raise and no title change. Learn more about the impact recognizing employees can have in BambooHR’s detailed infographic.