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How Four Companies Show Appreciation for Their Employees

Cornerstone On Demand

According to a SHRM/Globoforce report, companies that utilize strategic recognition are 48 percent more likely to see high employee engagement. Not making the investment in employee appreciation, however, can be costly—employees that don't feel valued are more likely to quit.

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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

Leading companies like Microsoft and Google are known for providing exceptional compensation to their employees, but not every business can afford top dollar to fill every role. Here, other forms of monetary compensation are useful as well. These can also take the form of defined wellness programs that an employee can avail of.

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Employee Recognition Program: Things You Need To know!

Vantage Circle

And that is something this blog will cover and give you a good headstart on how you can start your employee recognition program. According to Globoforce , 83% of HR leaders say that an employee recognition program benefits their company values. Delve into how to create a recognition program for your employees.

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The importance of employee recognition

Interact-Intranet

While this continue to have a place, the focus needs to shift to celebrating employees who embed and demonstrate the values of your business; for example, a willingness to go above and beyond, to innovate, or perhaps communicating effectively. Source: Globoforce. Source: OfficeVibe. What should recognition look like?

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

Terryberry

Companies with strategic recognition programs are 48% more likely to report high employee retention rates. Globoforce) Highly engaged teams have a 40% lower turnover rate compared to disengaged employees and teams. Verbal recognition from a manager in front of peers is preferred by 37% of employees.

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The Ultimate Guide To Employee Rewards and Recognition

Vantage Circle

Appreciation is limited to a particular section of the workforce. Measurement of the ROI of routine employee appreciation. There is more hunger for love and appreciation in this world than for bread. A well-designed recognition and rewards program can drive an 11.1% increase in average employee performance.

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A Complete Guide To Employee Recognition

Vantage Circle

It can be a meaningful ‘well-done’, a high-five, or a special shout-out on social media. These gestures help build an emotional connection between the company and the employee. Employees feel valuable and that they matter. 83% of HR Leaders say employee recognition strengthens their organizational values. Globoforce ).