Remove Employee Recognition Remove Employee Retention Remove Employee Wellness
article thumbnail

The Importance of Employee Recognition: With Statistics and Examples

Vantage Circle

We all know that employee recognition is all about appreciating and rewarding the hard work and achievements of your employees. But do you know why is employee recognition important? Employee Recognition serves as a fundamental cornerstone for organizational success. So, let’s dive in!

article thumbnail

15 Ideas for an Unforgettable Employee Appreciation Day

Achievers

When employees feel appreciated, they perform at their best and are less likely to leave. In fact, organizations that rate their culture of recognition highly are 3 times more likely to see increased employee retention and 2.5 times more likely to see increased employee engagement, among other benefits.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

14 Amazing Benefits of Employee Retention for Business Success

Vantage Circle

This challenge is more common than you might think, and it highlights the importance of understanding the benefits of employee retention in today's business environment. Companies with high retention rates enjoy a plethora of advantages, from substantial cost savings to enhanced productivity and a stronger company culture.

article thumbnail

15 actionable employee appreciation ideas

Achievers

Support employee wellness. Employee wellness programs support your team’s physical and mental health. An employee wellness program can include everything from weekly guided mindfulness sessions to providing various critical health services, like vaccinations, in office.

article thumbnail

24 Actionable Employee Engagement Ideas and Activities

Achievers

Providing social recognition has a significant impact on employees as material rewards do, and it leads to organizational benefits across the board: improved individual performances, better NPS scores, and even higher stock prices. It also results in improved employee retention and engagement.

article thumbnail

Guide To Drive Employee Recognition

Empuls

MGM Grand 1 , a Las Vegas hospitality company, realized the need to enhance employee engagement by following a value-driven employee recognition program. In its approach, the company successfully streamed employee satisfaction surveys, which showed an increase from 87.5%    What is employee recognition?

article thumbnail

How to retain your best employees when you can’t afford to give them a raise

Achievers

If you find yourself seeking creative ways to increase employee retention and reward exceptional worker effort, here are a few useful points to keep in mind. A change in title is another way to express recognition for an employee’s outstanding contribution. Salary isn’t the key factor in engagement.