openPR Logo
Press release

Social Employee Recognition Systems Market Demand is Increasing Rapidly in Recent Years

01-30-2017 04:28 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Social Employee Recognition Systems Market Demand

Social employee recognition systems are designed to recognize employees for their good work. For instance, according to a survey conducted by The Hershey Company, it concluded that employees globally wanted a novel, employee-friendly technology to recognize colleagues for good work. This lead to the creation of SMILE, a social recognition program which celebrates the company’s values and identifies the work of employees who go the extra-mile to accomplish company objectives. SMILE is a recognition-specific app available on mobile devices to identify and applaud colleagues whose tasks are commendable, irrespective of the colleague working in different departments of the office or at offices in other countries. Following the launch of SMILE, around 14,000 recognition moments were captured in the first three months with a 40% employee participation.

Social Employee Recognition Systems Market: Drivers & Restraints

Social employee recognition systems boost employee engagement. Social recognition at workplace is an important aspect in human resources management. The power of employee recognition creates the best workplace. Social recognition leverages employee behavioral habits and upcoming social technologies to voice the opinions of employees worldwide, further adding an important tool of saying “thanks” to the organization’s rewards strategy. Another prominent aspect of the social employee recognition systems is that it is not limited by reward practices such as monthly points or any other monetary benefits. Currently, social employee recognition systems which are delivered through social networks are trending with programs being delivered via software-as-a-service (SAAS) applications.

Request For Report Sample: http://www.futuremarketinsights.com/reports/sample/rep-gb-2302

Social Employee Recognition Systems Market: Segmentation

The global social employee recognition systems market is classified on the basis of deployment and region.

Based on deployment, the global social employee recognition systems market is segmented into the following:

Web-Based
Cloud-Based
Software as a Service (SaaS)
Social Employee Recognition Systems Market: Overview

HR and business leaders are currently utilizing social employee recognition systems and reward systems to report any significant improvement in employee engagement which are further related to business outcomes. The number of companies implementing social employee recognition systems is growing at a good pace. Organizations are encouraging collaborations among employees and further enhancing better teamwork, as they realize that social recognition has a vital role which cannot be solely driven by the management of a company. The best social recognition programs are inclusive of peers and managers and most importantly driven by good work.

Request For TOC: http://www.futuremarketinsights.com/toc/rep-gb-2302

Social Employee Recognition Systems Market: Region wise Overview

Geographically, global social employee recognition systems market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, Middle East and Africa (MEA). Social employee recognition systems enable the employees to gain access to social recognition programs anytime, anywhere, so the trend in the market is to move to web platforms and mobile applications. With more and more globalization of companies with its workforce as well, socializing is the new strategy to create a harmonized work environment with increasing mobilization.

Social Employee Recognition Systems Market: Key Players

The key players in global social employee recognition systems market are REFFIND Ltd., Kudos, Achievers Corp., Globoforce, Terryberry, Peoplecart, Ultimate Software, Paramax, CorporateRewards, BI WORLDWIDE EMEA, Incentive Logic to name a few.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Press@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Social Employee Recognition Systems Market Demand is Increasing Rapidly in Recent Years here

News-ID: 423503 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for Social

Global Social Television Market by Types (Sharing Technology, Social EPG/Content …
The Global Social Television Market is expected to reach US$ XX Million by 2026, with a CAGR of XX% from 2021 to 2026, based on a newly published report. Global Social Television Market Overview Social Television Market research report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Global social television is a new form of television that is growing in popularity. Social television
Social TV Market: Growing Popularity of Social Media
According to a new market report published by Transparency Market Research the global social TV market was valued at US$ 996.4 Mn in 2016 and is expected to expand at a CAGR of 13.6% from 2018 to 2026, reaching US$ 3,492.7 Mn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the social TV market in 2016. Request
Social Media Marketing Software Market Major Technology Giants In Buzz Again | S …
HTF MI recently introduced Global Social Media Marketing Software Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Lithium Technologies, Qwaya, Sync2CRM, Social Board, AgoraPulse, Zoho Social,
Customer Relationship Management (CRM) Market Report 2018: Segmentation by Socia …
Global Customer Relationship Management (CRM) market research report provides company profile for SAP, Oracle, Salesforce.com, Amdocs, IBM and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the
Very social, but not just social media
Which channels are customers’ favourites when it comes to sharing good experiences? By: Graham Ede, Yonder Digital Group “Twice as many people tell others about bad experiences as opposed to the good ones” do you believe in this old adage? If so, you would not be alone, however, latest research commissioned by Yonder Digital Group reveals this common perception is in fact not true. A key game-changer has been the rise of
Trig Social Media announces acquisition of social-commerce.co
Trig social media AB is delighted to announce acquisition of 50.5% of www.social-commerce.co and its holding company Fusion Finance with an option to acquire the remaining 49.5% toward the end of the year. The transaction will be completed with 9 million Trig Social Media shares to be issued shortly. The price for the remaining 49.5% is performance based. Social-commerce is a gamified gig economy platform with an affiliate component that is