Remove 2015 Remove Employee Recognition Remove Retention and Turnover Remove Wellness
article thumbnail

How to Protect Your Company from High Employee Turnover

Achievers

Every manager and HR professional views employee turnover as a headache, but do you actually know how expensive and damaging it can be to your organization? Furthermore, this cost estimate is only an average; replacing more specialized employees can often run into six figures! The dimensions of the problem.

article thumbnail

11 Easy Ways to Reduce Employee Turnover

Bonusly

Employee turnover has a major impact on your organization's trajectory, but if you're having trouble with it, you're not alone. Even the best companies struggle with turnover. In this post, we’ll examine employee turnover: what it is, why it costs so much, and how to reduce it. Voluntary vs. involuntary turnover.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Why Employees Love Social Recognition

Achievers

According to Gallup , “Companies with engaged employees outperform those without by 202 percent.” ” But how can you move the needle on employee engagement? One of the best and most effective ways is through employee recognition programs. Rewards and recognition create a positive workplace culture.

article thumbnail

The importance of employee recognition

Interact-Intranet

The importance of employee recognition is often overlooked – are you aware of the impact? Employee recognition is essential for motivating, retaining and fully engaging our employees. What employee recognition is – and what it isn’t. What should recognition look like?

article thumbnail

10 Things a Good Manager Never Does

Achievers

Employees want more than money. They want opportunities to learn and grow, to feel like a valuable member of a successful team, and get social recognition as well as financial rewards. Under-appreciate employees. Under-appreciated employees are usually unmotivated employees. Ignore employee turnover rates.

article thumbnail

Trends in Employee Recognition Show Growing Importance in Results-Driven, Culture-Oriented Approach

Compensation Cafe

WorldatWork’s latest “Trends in Employee Recognition Report” is out. Published every two years, I like this report as it offers consistent comparison for trends analysis as well as interesting new insight into data each time. 89% of organizations offer some sort of recognition program with an average of 4.6

article thumbnail

7 Easy Ways to Solve High Employee Turnover

Bonusly

What's worse, the departure of even one or two top-performers or a charismatic leader can trigger a spiral of additional turnover. Unlike other major disasters, a turnover spiral is often avoidable, and protecting against it might be easier than you think. Start with the lowest hanging fruit: common turnover contributors.