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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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How To Create an Effective Employee Recognition Program (in 2023)

Analytics in HR

In a survey conducted by the Society for Human Resource Management (SHRM) and Globoforce, 80% of respondents reported having some kind of employee appreciation program. You may already recognize employee performance, but it may need revamping or formalizing to increase its benefits.

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How To Create an Effective Employee Recognition Program (in 2023)

Analytics in HR

In a survey conducted by the Society for Human Resource Management (SHRM) and Globoforce, 80% of respondents reported having some kind of employee appreciation program. You may already recognize employee performance, but it may need revamping or formalizing to increase its benefits.

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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. One key advantage of an intranet is its capacity for employee appreciation and recognition. 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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Top 16 Blog Posts of 2016

WorkHuman

Before you break out the Champagne and ring in the new year this weekend, we thought we’d take a moment and highlight the top 16 most popular posts on the Globoforce blog this year. Thank you to all our readers for your continued support of the Globoforce blog. But how do we define happiness and well-being? Are they related?