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Help your employees be comfortable sharing concerns. Ensure employeewell-being. Employee engagement has an emotional connotation to it. Prioritize EmployeeWell-being. A Gallup research has shown that employee engagement and well-being are reciprocal to each other. EmployeeRecognition.
By prioritizing these practices, businesses can create a sustainable workplace culture that values employees and promotes long-term success. Take care of your employees, and they'll take care of your business.
Fifty-two percent of employees say they’ll job hunt in 2021 — up from 35% in 2020. By 2030, the US will lose an average of $430 billion annually due to low talent retention. Recognizing employees inspires confidence and demonstrates that you’re paying attention to the exceptional work employees do.
The way organizations offer recognition has changed tremendously over the past 10 years. Rather than giving away traditional “years of service” awards , employers have seen the power in employeerecognition software that goes beyond just an annual work anniversary mug. Employees are your most valuable asset.
McKinsey & Company, in its report , similarly expect the greatest growth in labor demand by 2030 among health aides, technicians, wellness occupations, and health professionals. 89% of workers at companies that support employeewell-being initiatives are more likely to recommend their company as a good place to work.
Better retention strategies that include an emphasis on employeerecognition and well-being are an investment in long-term productivity and short-term recruitment cost reduction. The World Health Organization (WHO) anticipates that the global healthcare industry will face an 11-million worker shortfall by 2030.
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