6 steps for determining the ROI of an employee recognition programDon’t exaggerate results — not all benefits can be directly tied to the programBy Andrew Clark01/27/2014|Canadian HR Reporter|Last Updated: 01/28/2014 It’s a question that always comes up when companies are considering starting an employee recognition program — or questioning if they should continue implementing a program: “What’s our return on investment?”It’s a valid and important question. Depending on the size of your organization, you could spend an average of $125 to $175 per employee per year on awards costs and another $50 to $75 per employee per year on administrative costs. That’s up to $250 per employee per year — $125,000 for a medium-sized firm with 500 employees or $2.5 million for a 10,000-employee corporate titan.Of course, the CEO and CFO will want to know what they are getting for that kind of money. To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.