Worldwide social employee recognition systems market outlook to 2025 emerging trends and will generate new growth opportunities status – openpr database xampp

This report studies the global Social Employee Recognition Systems market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Social Employee Recognition Systems market by companies, region, type and end-use industry.

World over, the considerable drive for social employee recognition systems has stemmed from the need for getting away with traditional employee reward and recognition methods and programs. The numerous limitations of the traditional systems has led to the rapid emergence of social employee recognition system. The system occupies a key determinant of successful implementation of pay-for-performance compensation strategies and plans in a range of end-use industry verticals. The system is increasingly being gathering pace among human resource managers, IT executives, and business leaders.


These systems are helping in bolstering employee engagement, making their efforts increasingly aligned toward company’s goals and visions, thus permeating across the entire company culture. The adoption of more effective approaches in talent management systems by businesses achieve better outcomes account for the rising relevance of social employee recognition systems.

The key factor impacting the growth of global social employee recognition system market is the increased adoption of the social employee recognition system in the retail sectors. The retail sector is supposed to be one of the largest employers, absorbing and alluring its workforce which has remained a challenge for the retail sector due to the inefficiency of the employees in the retrial industries. Therefore it is taking steps in order to make employees feel admired and aiming to build long lasting relationships with them which in turn can help to create loyalty, increase productivity and nurture positive attitude among the employees. Therefore there is large demand for social employee recognition systems which is a crucial step in order to hit sales target.

The market is driven by the rising implementation of social employee recognition systems across business of all sizes in end-use industries, including manufacturing, IT & telecom, consumer and retail, travel and tourism, hospitality, and healthcare. This is attributed to the widespread adoption of social and gamification concepts in devising employee recognition programs. The growing popularity of BYOT (bring your own technology) concept in the global workplace is fortifying the adoption. Furthermore, in recent years, enterprise social networking platforms have garnered colossal traction, thus boosting the demand. The rising popularity of social employee recognition system deployed through software-as-a-service (SaaS) applications is creating substantial revenues in the market.

Organizations of all sizes and in diverse industry verticals are harping on adopting social employee recognition systems for an inclusive, vibrant, and performing workplaces. To this end, they seek social employee recognition system espoused by potentially human-centered software solutions. Globoforce, a multinational company pioneering in social recognition software and provider of human applications, has in April 2018 announced that it is expanding its assortment of products. This will provide new avenue for organizations looking to leverage the potential of new generation social employee recognition systems. The new suite of products notably include WorkHuman Cloud and they are launched with an objective to help organizations create more closely-knit connected teams and foster better relations among the employees.

The new HR software solutions will be used to promote effective team-driven approaches in the way world is performed across the organization, built on the concepts of crowdsourcing and transparency. The solution will be used to evaluate ongoing work achievement and give developmental feedback. Furthermore, the application of the human-centered social employee recognition cloud solution will help employees and managers to celebrate career milestones, leading to the creation of more productive workplace, believes Globoforce. This is expected to underpin a culture of innovation in organizations deploying the solution, opines the company.

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