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Social employee recognition systems are computer-based systems that allow employees to give and receive recognition for their work. These systems typically include a social media component, allowing employees to post messages of appreciation for their colleagues. Social employee recognition systems can help to improve morale and motivation in the workplace, as well as fostering a sense of community and cooperation among employees.
Key Trends
The key trends in social employee recognition systems technology are:
- Social media integration: Social media platforms such as Facebook, Twitter, and LinkedIn are being increasingly integrated into employee recognition systems. This allows employees to share their recognition experiences with their social networks, amplifying the reach and impact of the recognition.
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- Gamification: Gamification elements such as points, levels, and badges are being used to make employee recognition more engaging and fun. This encourages employees to participate more actively in the recognition program and drives up overall engagement levels.
- Data-driven: Employee recognition systems are becoming more data-driven, using data analytics to identify recognition opportunities and track employee engagement levels. This helps to ensure that recognition is given to the right employees at the right time, and that the recognition program is having the desired impact.
- Mobile-friendly: With the increasing use of mobile devices, employee recognition systems are being designed to be mobile-friendly. This allows employees to access the system and give or receive recognition anywhere, at any time.
Key Drivers
There are a few key drivers of social employee recognition systems. The first is that it can help to improve employee morale and motivation. When employees feel appreciated and recognized for their work, they are more likely to be engaged and productive.
Additionally, social employee recognition can help to create a sense of community and belonging within an organization. It can also help to build relationships between employees and management, which can improve communication and collaboration.
Finally, social employee recognition systems can help to attract and retain top talent. When potential employees see that an organization values its employees and recognizes their contributions, they are more likely to want to work for that company.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
The Social Employee Recognition Systems Market is segmented into deployment, enterprise size, end-user, and region. By deployment, the market is divided into cloud and on-premise. By enterprise size, the market is bifurcated into SMEs and large enterprise. By end-user, the market is classified into FMCG, healthcare, retail, manufacturing, and others. By region, the market is classified into North America, Europe, Asia-Pacific and rest of the world.
Key Players
The key players in the Social Employee Recognition Systems Market are Salesforce.com Inc., Globoforce Ltd., REFFIND Ltd., Achievers Solutions Inc., Kudos Inc., Madison Performance Group, Recognize Services Inc., Aurea Software Inc., BI Worldwide Ltd. and Terryberry.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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