HR Metrics Benchmarking 2023: Employee Rewards and Recognition Programs—January 2024

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HR Metrics Benchmarking 2023: Employee Rewards and Recognition Programs—January 2024

Human Resources
Pages:25 pages15 min read

Author: Dilys Leman, Liz Marcil, Tabatha Thibault

$895.00

This new research provides benchmark data for key areas in human resources that allow organizations to compare their own position with other employers in their sector or industry.

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A survey for the third quarter of 2023 was sent to human resources professionals working in Canadian organizations operating in a variety of regions, sectors, and industries. Four recurring topics of interest were explored: turnover rates for unionized and non-unionized employees, retirement rates, absenteeism rates, and job vacancy rates. The survey also looked at rewards and recognition initiatives. 

What sector saw the highest voluntary turnover? What was the average absenteeism rate and its cost to gross annual payroll? What percentage of employers found it difficult to fill job vacancies? How important were reward and recognition initiatives in enhancing employee morale and productivity? And what were the most prevalent types of reward offered?

Read the data briefing our full analysis.

Key findings
Introduction
Turnover rates for unionized and nonunionized employees
Retirement rates for unionized and nonunionized employees
Employee absenteeism
Job vacancies
Trends in human resources: Employee rewards and recognition programs
Conclusion
Appendix A—Glossary
Appendix B—Methodology
Appendix C—Participating organizations, Respondent profiles

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