Future Market Insights (FMI) has published a new market research report on Social Employee Recognition Systems. The report is titled  “Global Social Employee Recognition Systems Market: Global Industry Analysis (2013-2021) and Forecast (2022-2028)”. Long-term agreements with large and private companies will help expand business revenue, and industry innovation will allow social employee recognition system providers to reach new potential customers in emerging markets. These factors are expected to help the global market for Social Worker Awareness Systems observe striking growth in the coming years.

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“The global social worker recognition systems market is projected to exhibit an outstanding CAGR of 15.7% from 2022 to 2028. The USD 5.8 billion market is expected to exceed USD 29 billion by the end of 2028.” Future market insights.

Social Service Personnel Recognition System Market

Social worker accreditation system providers can focus on expanding their business in developing countries in the MEA, SEA and APAC. These regional markets continue to adopt a variety of modern employee engagement and retention systems/programs. New players challenging the Social Employee Recognition Systems market are most likely to focus on initiating partnerships and collaborations with existing players. This will help you understand demand patterns and supply chain scenarios in order to achieve higher returns by gaining an attractive customer base.

The company is also focusing on product development and innovation to maintain its position in the market. In March 2022, Salesforce launched streamlined software aimed at small and midsize businesses. Dubbed ‘Essentials’, this new software is sales and customer service software designed specifically for small businesses. Salesforce is targeting small businesses today by launching a new, powerful and promising tool at an affordable price. Other major players operating in the global Social Employee Recognition Systems market are Globoforce Ltd., REFFIND Ltd., Achievers Solutions Inc., Kudos, Inc., Madison Performance Group, and Recognize Services, Inc.

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Adopted by businesses as part of an effort to enjoy a range of benefits

The deployment of social employee awareness systems increases employee satisfaction and consequently improves performance and productivity. In addition, social recognition of professionally used systems significantly enhances the professional profile of employees. Therefore, organizations tend to deploy social employee recognition systems to maintain high employee withholding rates and high returns. Social media platforms specifically used by working professionals and businesses, including Twitter and LinkedIn, are widely used to recognize and engage with employees, independent of their promotional and marketing efforts. The company also advertises details about new product launches and product discounts. New strategies and plans for future growth of employees to drive sales online and increase brand loyalty. Businesses also connect with business partners in real time through these social portals and platforms.

New challenges to retaining employee engagement to restrain market growth

Research included in the report shows that social employee recognition programs must include employees at all levels to be successful in organizations. Including and motivating employees who work remotely, such as salespeople or marketing people, is a daunting task. Companies typically implement social employee awareness solutions for employees who work on premises, so employees who work remotely cannot participate in these programs.

Key Segments of Social Employee Recognition Systems Industry SurveySocial Employee Recognition Systems Market by Distribution Type:

  • Cloud Social Employee Recognition System
  • In-house social employee recognition system

Social Employee Recognition Systems Market Segment by Company Type:

  • Commendation system for social service personnel of large corporations
  • Small business social service worker commendation system

Social Employee Recognition Systems Market Segment by Industry Type:

  • Social Employee Awareness Systems for Retail and Consumer Goods
  • Social Service Personnel Commendation System for Health Management
  • Social Employee Awareness System for IT and Telecommunications
  • Social Employee Recognition System for Travel and Hospitality
  • Citation system for social service personnel for manufacturing
  • Social Employee Recognition System for Media and Entertainment
  • Other

Social Employee Recognition Systems Market by Regions:

  • North American Social Employee Recognition Systems Market
  • Latin American Social Employee Recognition Systems Market
  • European Social Employee Recognition Systems Market
  • East Asian Social Service Personnel Commendation System Market
  • South Asia and Pacific Social Employee Recognition Systems Market
  • Middle East & Africa (MEA) Social Employee Recognition Systems Market

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Key questions answered in the report

  • What is the Forecasted Social Worker Awareness Systems Market Value in 2022?
  • Which industries have the highest share of demand for social employee recognition systems?

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