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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 employee recognition cost you?

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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. Gallup) 36% of US employees are engaged in their work, while 15% are actively disengaged.