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A Complete Guide To Employee Recognition

Vantage Circle

Recognition has a tremendous potential to drive engagement, productivity, and employee retention. Acknowledging such kinds of genuine effort helps build a strong culture of recognition. Recognition helps build emotional connections. It is an intangible form of acknowledgment whose worth cannot be measured definitively.

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The Ultimate Guide To Employee Rewards and Recognition

Vantage Circle

As companies struggle to find a way to deal with the global economic slowdown, the simple act of recognizing an employee in a meaningful and memorable way is the missing link that can heighten the productivity levels, lower employee turnover , and create a sense of belonging. It helps both parties to bridge the gap between them.

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The importance of employee recognition

Interact-Intranet

According to Bersin & Associates , companies with good recognition programs have 31% lower voluntary employee turnover. Another study states that spending 1% or more of payroll on recognition helped 85% of companies see improved engagement. Source: Globoforce. What does giving recognition actually cost you, as an employer?