Retention drives employee recognition ROI

HR Morning

But that doesn’t mean you can relax with your employee retention efforts. That creates a double-edged employee retention problem for employers. A Gallup study put the cost of employee disengagement at work at $960 billion to $1.2 Recognition equals retention.

Why Employee Recognition Matters

Achievers

Do your employees feel recognized? Think carefully, because over 65 percent of employees report they don’t feel recognized at work. And lack of recognition just happens to be the number one reason why employees quit. The Case for Employee Recognition E-Book.

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The Employee Recognition Landscape is Changing

China Gorman

Namely, that retention/turnover is the top challenge reported by nearly 1,000 SHRM members. With the economy and hiring improving, businesses are wise to become concerned that the “grass is greener” syndrome may take hold of their very best employees.

Company Doors Drive Employee Turnover – Friday Distraction

HR Bartender

Employees work at communal tables. Then there are “open door” companies, which means that employees are encouraged to walk in , sit down, and say whatever is on their mind. The sad part about the cartoon is that often we don’t need data to see the revolving door of employee turnover.

Employee Recognition: The What, Why & How (+ Creative Ideas)

Semos Cloud

Employee Recognition: The What, Why & How (+ Creative Ideas) . Employee recognition is a powerful driver of positive changes across your organization. Find out how to recognize your employees and why it is important you do. What is Employee Recognition .

What WorldatWork Revealed About Employee Recognition Programs

Kazoo

The future of employee recognition programs was on display at this year’s WorldatWork Total Rewards Conference held in Dallas. Employee Recognition Programs Will Help Performance Management.

Our “Stickiness” Problem: Retention, Opportunities or Feedback?

RecognizeThis!

Employees need more opportunities, more regular conversations on performance, and more frequent recognition to overcome retention challenges. More recent data published in the Wall Street Journal shows average tenure across occupations doesn’t even reach 5 years.

5 Ways Employee Recognition Software Pays for Itself

Kazoo

For many executives, it is tempting to view employee recognition software as a cost without seeing the full benefit of the investment. It showed that the average payback for implementing Kazoo’s Employee Experience platform was a short 5 months.

Looking for lower turnover? Try boosting workplace connections

HRExecutive

That saying may or may not hold water, but a recent survey found that more than half (51%) of employees say co-workers are the true reason they stick around longer. employees polled from a range of industries and company sizes say they also want to know their co-workers even better.

5 Ways to Address the Healthcare Industry’s Turnover Crisis

Fond

Simultaneously, hospital turnover increased by 0.9% Improving retention and happiness at work for healthcare employees is a top concern among HR leaders. of its entire workforce, and the data suggests this trend will only increase in the coming years. The Cost of Turnover.

How to Sell Employee Recognition to a Skeptical Executive

Bonusly

Two thirds of employees don’t believe senior leadership supports recognition programs. Unsurprisingly, 83 percent report their organization’s culture doesn’t support recognition. The evidence here will help recognition champions address the most common skepticism in the C-suite.

Surprise! Survey Shows How Employee Recognition Landscape is Changing

TLNT: The Business of HR

The fifth research report in an annual partnership between SHRM and Globoforce ( the 2015 Employee Recognition Survey ) was published this week. It’s that retention/turnover is the top challenge reported by nearly 1,000 SHRM members.

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.

3 Must-Haves for Employee Recognition

SumTotal

Employee recognition isn’t just a perk that creates warm, fuzzy feelings. It has real effects on your company’s retention and results. Employees with managers who provide recognition are 14-19% more engaged than other employees. Makes recognition flow freely.

What You Need To Know About Employee Turnover

EmployeeConnect

Employee turnover is the number of employees who exit an organisation and are eventually replaced by new employees. Employee retention , on the other hand, indicates the rate at which organisations successfully manage to keep employees from leaving. Employee turnover is a challenge that needs to be continually monitored & addressed as it has both direct and indirect effects. A small amount of turnover cannot be avoided.

4 Strategic Ways to Keep Remote Employees Engaged

HSD Metrics

The good news is that employee engagement among U.S. The bad news is that even with a recent uptick in engagement, only 34% of employees describe themselves as engaged at work—which means of course that more than half say they’re disengaged. Why Employee Engagement Matters.

10 Smart Strategies to Enhance Employee Experience

HSD Metrics

For years, business owners and HR managers have focused on improving employee engagement—and with good reason. Basically, to achieve their goals, businesses need to focus on improving employee experience. What is Employee Experience? Help your employees get and stay well.

Talent and HR News Weekly Update: Employee Recognition Trends

exaqueo

“People work for money but go the extra mile for recognition praise and rewards.” This week’s curated articles will get you thinking more about employee recognition and its link back to productivity, retention and more. 1) Trends in Employee Recognition from HR Trend Institute Employee recognition programs, once considered a “nice” but non-essential component of human resources, have changed dramatically over the past five years.

Measuring Employee Satisfaction Through Voluntary Turnover

Benefit One USA

Schedule, workload, environment, salary, culture, values, management – these all affect employee satisfaction in one capacity or another. Although there’s no such thing as the “perfect job” (or the perfect employer, for that matter), odds are that high turnover means there’s an issue in one or more of these areas. Based on trends measured by CompData surveys, the gap in voluntary turnover from one area to the next can be quite significant.

5 Biggest Challenges for HR Leadership Teams

Achievers

The cost of worker’s compensation payments, medical expenses, and legal consultation fees are additional, as are indirect costs such as temporary employees, accident investigation, and repairing or replacing any problematic physical infrastructure. Improving employee retention.

Everything You’ve Wanted To Know About Employee Turnover

SuccessFactors

The topic of employee turnover should be taken seriously by all companies, because there are both direct and residual effects of a high turnover rate. A little bit of turnover is unavoidable. A low rate of turnover is ok – you’ll survive. Employee turnover costs.

The Employer’s Guide to Boosting Employee Retention with Recognition

Zenefits

When it comes to retaining talent , businesses are looking for creative solutions to keep employees motivated, engaged and on the payroll. Doggie daycare and a host of other up-and-coming perks top lists of business’ idea of what employees want and need to stay loyal to the firm. . What if employees really just want recognition? When asked what would motivate them to stay with their employer, 69% said recognition and rewards. We were raised on recognition.

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. Employee recognition is not a nice-to-have soft-skill.

How General Motors Engages a Global Workforce Through Recognition

Achievers

Are you struggling to engage your employees? With only 21 percent of employees engaged and disengagement costing employers up to $550 billion every year, companies are on the hunt for better employee engagement strategies. The key to engaging a global workforce: recognition.

ACE 2017: Day One Highlights

Achievers

Amidst the finely dressed titans of the HR space, exquisite cuisine, and glamorous ambiance was the highlight of the show, celebrating the companies that go above and beyond in the employee engagement space as determined by a panel of employee engagement experts.

The Proven Links Between Retention and Employee Experience

WorkHuman

Retention and employee experience are two sides of the same coin. My story is not unique, which is why retention remains a serious issue for HR and business leaders. What’s more, retention has very real financial implications. Is one of them retention?

Engage Blog: Top 10 HR Blogs of 2016

Achievers

From the 50 Most Engaged Workplaces Awards Gala to a stellar lineup of speaking sessions, ACE 2016 brought together a Who’s Who of top performers and thought leaders in the HR and employee engagement space. A must-read for HR pros – and employee-focused management of all stripes.

The Recognition Landscape Isn’t Changing Much

China Gorman

Recognition programs are vital tools in an organization’s total rewards strategy, but beyond the knowledge that “recognizing employees is a good thing to do” we can look to data that back up recognition programs as an important part of an organization’s culture.

Why Top-Down Recognition Isn’t Enough + The Benefits of Peer Recognition

Bonusly

What comes to mind when you think of employee recognition? ??. It’s probably some form of top-down recognition—a manager or executive applauding or rewarding someone below them in the office hierarchy. What is peer recognition? And that front-line employee knows it, too.

The Recognition Science Denier

WorkHuman

She started our meeting by saying, “Of course, I know what recognition is. It’s a soft, feel-good program that employees seem to like and a necessary expense today. She was a “Recognition Science Denier.” Do you work with a Recognition Science Denier?

Bridging the Appreciation Gap: How Employees Prefer to Give and Receive Recognition at Work

Bonusly

At its core, employee recognition is the open acknowledgment and expressed appreciation for employees’ contributions to their organization. Recognition-rich cultures have been proven to improve engagement , reduce turnover , and even increase productivity.

4 Steps: How to Build an Engagement-Driven Office Culture

Achievers

The importance of employee recognition and engagement cannot be overstated. Companies everywhere are shelling out billions every year for HR programs designed to enhance their office culture and improve employee productivity.

4 Steps: How to Build an Engagement-Driven Office Culture

Achievers

The importance of employee recognition and engagement cannot be overstated. Companies everywhere are shelling out billions every year for HR programs designed to enhance their office culture and improve employee productivity.

3 Programs Adopted By Award-Winning Workplaces

WorkHuman

Having your company named as a best place to work is certainly a highlight for any HR team working to create culture that naturally attracts top talent (especially when 51% of employees are actively looking for a new job ). The Factors That Predict Employee Turnover.

Retain Your Best Employees with Manager-Driven Recognition Programs

Terryberry

If you’ve worked in a business environment for long, you may know what it feels like to put your heart and soul into a project, only to have your boss give zero recognition of the hard work you devoted to the company. That lack of recognition can easily lead to apathy and resentment.