A new growth opportunity is the favored form of recognition for 47 percent of respondents; monetary rewards in the form of salary increases (23 percent), high performance ratings (21 percent), and bonuses (10 percent) are also welcome, but to lesser degrees.

How do you know what type of recognition to give? According to Deloitte, you can break employees into four categories:

• Pioneers value possibilities. They spark energy and imagination, and believe big risks can bring great things.
• Drivers seek challenge and generate momentum. They're technical, quantitative, and logical.
• Guardians value stability, and they bring order and rigor. They're deliberate decision-makers apt to stick with the status quo.
• Integrators value connection and draw teams together. They're empathic, diplomatic, and relationship-oriented.

According to the report, 75 percent of people are satisfied if someone acknowledges their work—but 36 percent of women would like it better if it were put in writing. Only 28 percent of men expressed such a preference.

There are other differences between men and women on how such praise is received. While only 34 percent of women want to be recognized for success—compared with 46 percent of men—it's not that they don't want recognition; they just want it for other things. Knowledge (27 percent), effort (22 percent), and living the organization's core values (17 percent) are their preferred sources for acknowledgment.

See also:

• How to Hang onto Your Top Talent
• The Lasting Benefits of Job Rotation
• Convince Your Best Employees to Stay

And surprisingly, most people—49 percent—would actually prefer for word of their achievement to be public but shared only within a small group, rather than broadcast to the world at large. Thirty-four percent would prefer private recognition, while only 18 percent actually want a big public declaration.

In addition, although 37 percent would like that recognition to come from leadership above a direct supervisor, 32 percent would like it to come from that direct supervisor, and 31 percent would prefer for recognition to come from their colleagues.

“There is tremendous value in understanding the perspectives of those you work with, and this includes their preferences for how they want to be recognized,” says Suzanne Vickberg, senior manager, applied insights lead, the Deloitte Greenhouse Experience. “This understanding can help create more successful working relationships, while fostering a workplace that validates its people and their unique contributions.”

From: BenefitsPro