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Yet many business owners today still seem hesitant to invest in better coverage or more paidvacation hours to woo new talent. The recession created an employer’s market where employees often had to settle for “good enough” when it came to their benefits. Get started by accessing best practices from Achievers’ e-book.
It works on fulfilling the social as well as self-esteem needs of the employees as it makes them feel valued and motivated and gives them a sense of accomplishment to have their work recognized. A recent survey found employeerecognition was most important to 37% of employees. Approximately 34% of US workers feel engaged.
Recognition matters. We hear it over and over again in leadership books and best practices articles. It makes sense to recognize employees early and often. But workforce appreciation isn’t a one-size-fits-all thing, and random acts of recognition usually fall flat. So, what do successful organizations do?
Transform years of dedication into lifelong loyalty by implementing Xoxoday’s long service awards solution , celebrating employee milestones, and building a stronger, more engaged workforce. Book a demo with our rewards and incentives expert. Celebrate employee milestones now with Xoxoday. Want to know more?
In contrast, organizations that prioritize recognition and rewards experience a 31% lower voluntary turnover rate. Whether it's leading a high-impact project, mentoring junior team members, or representing the company in a key initiative, these roles can be immensely rewarding and motivating for high-performing employees.
By leveraging these features, Empuls helps organizations create a robust employee benefits program that attracts talent and retains them by fostering a positive workplace culture focused on recognition, engagement, and continuous improvement. Ready to elevate your employee benefits program? What is an employee benefit plan?
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