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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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Why Employee Recognition is Important and Key Benefits

Achievers

The vast majority — 82% — wish that they received more recognition. 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. Meijer, a U.S.

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Ways to Show Outstanding Employee Recognition

6Q

That’s why it’s important to create a culture of appreciation and an environment that encourages employees to do their best by recognising an employee’s accomplishments and providing valuable feedback. So how can you make sure you’re giving your top performers the recognition they deserve?

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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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Five Types of Employee Recognition That Backfire (+ 4 That Don’t)

6Q

Here are some instances of what not to do when it comes to different types of employee recognition programs and what can be done to improve the morale of your team. What is employee recognition? Because of this, organisations are increasingly establishing and reconsidering employee recognition programs.

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Cheers from Peers: The Importance of Employee Recognition and Kudos

Netchex HR Blog

Employee recognition and appreciation can make a big difference in motivating workers. However, a majority of employees report that “not feeling valued by their organization” is a top-three reason for leaving a job. Employee recognition provides a meaningful boost to morale and company culture.

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You Can Successfully Clear Your Year-End To-Do List

PeopleStrategy

General Activities Your department (or just you) might be tasked with completing annual performance reviews, asking employees to update information in your HR platform, backing up HR data and personnel files, budgeting, reviewing recruiting or hiring processes, or creating plans for new hires. Review HR metrics.