Remove Employee Recognition Remove Employee Retention Remove Retail
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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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How to Address High Turnover With Retail Employees

Achievers

Here’s a not-so-fun fact: Retail employees leave their positions at a rate that’s over four times higher than the average turnover rate in all other industries. According to Human Resources Today, that translates to $19 billion in costs related to hiring and training new employees.

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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. A culture of peer-to-peer appreciation goes a long way in employee job satisfaction.

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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!

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Employee retention strategies to overcome the Great Resignation

Business Management Daily

Employee retention is a major challenge for employers at this time. Employees largely put off changing jobs during the pandemic due to the level of instability in the labor market. Retail and food workers who were hailed as heroes and paid higher wages at the start of the pandemic don’t want to go back to minimum wage.

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Meijer Leverages Recognition to Strengthen Key Business Metrics

Achievers

Grocery stores make up a large sector of the retail industry and there are more than 38,000 supermarkets in the U.S. How are major grocery retailers engaging their hundreds to thousands of employees on a daily basis? 5x more likely to see increased employee engagement. 25x more likely to give frequent recognition.

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For Recognition to Have an Impact, Make It Strategic

Achievers

We’re way beyond the old paradigm of years-of-service plaques or holiday gift cards as a form of employee recognition. We know that such rewards, tied to tenure or sporadically bestowed on an individual employee for a job well done, fall short of achieving any larger goal. By: Meghan M.

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