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Top Six Employee Recognition Trends of 2024

Vantage Circle

According to a Bersin & Associates study , organizations with effective recognition programs promoting employee engagement had 31% reduced voluntary turnover. Getting employee recognition right is tough - there's no two ways about it. The cost of employee turnover can be significant, often estimated to be 1.5

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What Hourly Workers Really Want (It Might Surprise You)

Achievers

Hourly workers are among the most unhappy employees in the workforce. They often take fewer vacations, have worse benefits, and are passed over for promotions compared to their salaried counterparts. Employee Recognition. There are simple ways to get an employee recognition initiative started.

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Appreciation in the Workplace: Why It Matters

Achievers

In the study, employees report that recognition is more effective at increasing their engagement, performance, and innovation than an additional bonus of five percent of their salary. Here at Achievers , we focus on the power of employee recognition. This doesn’t sound like child play now does it?

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What are total rewards? Building an amazing total rewards package

Achievers

Salaries matter, but if given the choice between working at an organization that offers higher pay and one with a reputation for providing a variety of exceptional incentives and other forms of recognition, many employees would choose the latter. This category includes salary, bonuses, commissions, stock options, and more.

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How to Protect Your Company from High Employee Turnover

Achievers

Current statistics from Catalyst show that it costs an average of one-fifth of an employee’s salary to replace that person, which means that for a position paying $50,000 a year, your replacement costs will generally run over $10,000. The dimensions of the problem.

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How HR Professionals Attract Top Talent

eni

HR can achieve this through: Conducting employee surveys and feedback sessions to understand the perception of the company’s culture and work environment. Showcasing success stories of employees who have grown within the organization, emphasizing career advancement opportunities.

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How to Address High Turnover With Retail Employees

Achievers

According to Human Resources Today, that translates to $19 billion in costs related to hiring and training new employees. The highest turnover rates are for hourly employees: 65% of them will leave their jobs for greener pastures, and it costs a full 16% of their annual salary to replace them. .

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