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Why Employee Recognition is Important and Key Benefits

Achievers

And meeting this desire can have a huge effect on key contributors to your bottom line, like employee engagement and retention. Let’s look at some of the biggest ways employee recognition can impact your business. The importance of employee recognition. Happy, appreciated employees mean happy customers.

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3 Employee Retention Best Practices

Achievers

Recognition is that little something extra that gives people a good feeling—about themselves and their employer. Giving recognition alone won’t do the job— how you give it can determine your success rate. Here are the most effective employee retention best practices that reinforce productive behaviors and deepen job satisfaction.

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5 Eye-Opening HR Stats: Why Employee Recognition Matters

Achievers

What defines an effective retention strategy varies from business to business, but there is one common element that has been found to work across most business types and sectors: employee recognition. Employees are loyal to careers, not jobs. Recognized employees are happy employees.

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3 powerful ways to improve your employee retention rate

Achievers

A competitive salary is the bare minimum that you need to provide to keep employees satisfied. Beyond compensation, your employee retention strategies should factor in the total rewards package you offer, the quality of your leadership, and the power of your social recognition strategies.

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Why Employee Recognition Matters

Achievers

Think carefully, because over 65 percent of employees report they don’t feel recognized at work. And lack of recognition just happens to be the number one reason why employees quit. Employee recognition drives employee engagement, and with higher employee engagement come lower turnover rates and stronger business results.

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Revamp Your Employee Recognition Strategy to Drive Results

Achievers

According to WorldatWork, 89 percent of organizations report that they have some type of recognition system in place, but with these staggeringly low employee engagement rates, it’s clear that these programs are far from effective. It’s important to take the same approach with creating a meaningful employee recognition strategy.

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Employee recognition drives retention and productivity

HR Digest

Employee recognition is an important cornerstone for the engagement and retention of a workforce. Employee engagement surveys conducted by Energage in 2020 showed that appreciation was the top driver of employee engagement. Employee Satisfaction and Happiness.