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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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How Employee Recognition Systems Improve Productivity

Achievers

And the best way to ensure everyone receives the recognition they deserve is to take full advantage of a leading employee recognition system. Here’s a rundown of how employee recognition systems work, and how they can help you raise productivity across your organization. Why employee recognition systems matter.

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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. Workforce analysis.

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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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Meijer Leverages Recognition to Strengthen Key Business Metrics

Achievers

Meijer is able to effectively engage and motivate their workforce of 70,000 team members and strengthen key business metrics through the power of recognition. According to a recent Brandon Hall Group report , organizations that have a strong culture of recognition are: 3x more likely to see increased employee retention.

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An Employee Recognition Program That Actually Works

Synergita

You may have seen and read about the many recognition programs discussed in blogs and articles and perhaps wondered about how effective they are. Recognition is essential for employee engagement and retention, but many enterprises struggle to find ways to make it a reality. What is an Employee Recognition Program?

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7 Best Practices for Employee Recognition Programs 

HR Management

Employee recognition programs can be an effective way for companies to increase employee engagement, boost productivity, and attract top talent. Great customer experience depends heavily on employee engagement, so employee recognition helps boost morale. Give Employees Choice and Voice .