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Employee Recognition Statistics: What HR Professionals Need to Know in 2024

Terryberry

From productivity to culture to retention - research shows recognition programs continue to be a key factor in improving a range of business outcomes. Employee Recognition and Retention Statistics Employee recognition research supports that employee recognition is directly related to employee retention.

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5 Benefits of Investing In Employee Recognition Software

Engagedly

Some of the other benefits of employee recognition includes: Reduced Turnover. Increased Productivity. Improved Employee Retention. It is a type of cognitive bias in which managers judge their employees based on recent events. As a result, it increases the productivity and engagement of the team. Request A Demo.

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Top 5 Takeaways from #SHRM15

WorkHuman

I was lucky enough to be part of this incredible event. It’s time to invest in HR tools that give team leaders real-time, reliable insights on the productivity and engagement of their teams. Use culture to fight turnover. 61% of performance management data is more about the rater than the person being rated. What does that mean?

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Cultivating Well-Being: How Peer-to-Peer Recognition Helps Manage Work Burnout

Engagedly

This culture shift can lead to real results, including increased productivity, lower turnover rates, and a more harmonious work environment. Mentorship and Professional Development Platforms: Mentorship has been proven to increase retention rates by 200% , demonstrating the value of growth and learning as a form of recognition.

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Data & People Analytics: A WorkHuman 2018 Recap

WorkHuman

These phrases are tossed around at industry events and conferences, but how do they apply in the day-to-day work of an HR professional? I had the privilege of attending the fourth annual WorkHuman , conference pioneered by Globoforce, from April 2-5 in Austin, TX. Talent attrition/ retention. By Cathy Tran —. People analytics.

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How To Create an Effective Employee Recognition Program (in 2023)

Analytics in HR

An employee recognition program can help your company retain employees, improve productivity and recognize employee performance. In fact, it’s been shown that when larger businesses double their employee recognition efforts, they experience a 9% increase in productivity and a 22% decrease in absenteeism.

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Employee Recognition Program: Things You Need To know!

Vantage Circle

According to Globoforce , 83% of HR leaders say that an employee recognition program benefits their company values. These are effective, as well as impactful, that boost the productivity and satisfaction of your employees. The cost of employee turnover can be significant, often estimated to be 1.5 Only 52.6%