article thumbnail

The Importance of Employee Recognition: With Statistics and Examples

Vantage Circle

We all know that employee recognition is all about appreciating and rewarding the hard work and achievements of your employees. But do you know why is employee recognition important? Employee Recognition serves as a fundamental cornerstone for organizational success. So, let’s dive in!

article thumbnail

Employee Recognition Event: Tips and Recognition Calendar

Vantage Circle

Employee recognition events go beyond mere celebrations; they are pivotal drivers of engagement, morale, and success. Thus, creating impactful recognition events requires thorough planning and exploration. Join us to elevate employee recognition and unleash your employees' full potential.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is a Good Retention Rate and How Do You Achieve and Maintain It?

15Five

However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate? Employee retention rate is in contrast to turnover rate, which measures the number of people who leave a business in a specified period.

article thumbnail

7 Best Practices for Employee Recognition Programs 

HR Management

Employee recognition programs can be an effective way for companies to increase employee engagement, boost productivity, and attract top talent. Great customer experience depends heavily on employee engagement, so employee recognition helps boost morale. Give Employees Choice and Voice .

article thumbnail

Retention drives employee recognition ROI

HR Morning

The good news is you can attack both problems using the same tool – an effective and sustained employee recognition program. Employers who’ve invested in employee recognition programs and technology to support and measure those programs say they can quantify links between recognition, engagement and employee retention.

article thumbnail

What Makes An Employee Recognition Program Successful?

Synergita

Employee recognition is a catalyst to drive company performance. By doing it right, employee recognition can lead to a strong emotional and psychological commitment from employees, leading to increased productivity and collaboration. Employee recognition can take employee engagement to a whole new level.

article thumbnail

How to Measure the ROI and Effectiveness of your Employee Recognition Program

Empuls

Quantifying your recognition program ROI Now that we’ve established that recognition ROI can be measured in quantifiable terms to gauge the program’s success, it’s time to ask the burning question: How do you measure employee recognition programs, determine their efficacy, and justify their continuation?