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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

However, it is often more helpful if the recognition comes from employee recognition programs that actually indicate their work is appreciated rather than a mechanical process of certificate distribution. Keeping the key metrics in mind, understand what you can do better, not just for your clients but your employees as well.

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The importance of employee recognition

Interact-Intranet

Traditionally, these programs have focused on the easier to define and measure metrics, such as length of service or reaching of internal milestones. Source: Globoforce. Organizations have also successfully authorized micro rewards such as ‘hour-off’ certificates or early finishes to distribute at their discretion.

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

Terryberry

Globoforce) Highly engaged teams have a 40% lower turnover rate compared to disengaged employees and teams. Globoforce) Peer-to-peer recognition has a direct link to higher engagement levels. These options are a step up from a certificate or plaque but are still more affordable than custom jewelry.