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.

Working Retention Into Your Employee Lifecycle Management Strategy

15Five

Investing in your employees is the most financially sound place you can put your time, effort, and money as a business. The six stages of the employee lifecycle are attraction, recruitment, onboarding, development, retention, and separation.

12 Powerful Tips to Build an Employee Recognition Culture

EmployeeConnect

About 65 percent of the people in one survey reported that they received no recognition over the last 12 months for their work.In the same report, 89 percent of employers feel that most employees leave their companies to earn more money. Spending money on routine company gift cards isn’t the same as offering personalised and specific praise based on an employee’s performance. If you can reward a person based on his or her interests, then the recognition has more meaning.

Who Owns Retention? The REAL Employee Turnover Problem

Achievers

What’s the biggest problem when it comes to employee turnover? No one owns retention! At many companies, when turnover rises executives point to HR to fix it – whose plate is already overflowing with terminations, payroll, benefits management, and back-fill recruiting.

How to Protect Your Company from High Employee Turnover

Achievers

Every manager and HR professional views employee turnover as a headache, but do you actually know how expensive and damaging it can be to your organization? Furthermore, this cost estimate is only an average; replacing more specialized employees can often run into six figures!

The importance of employee recognition

Interact

The importance of employee recognition is often overlooked – are you aware of the impact? Employee recognition is essential for motivating, retaining and fully engaging our employees. What employee recognition is – and what it isn’t.

4 Ways to Avoid the Dreaded High-Turnover Rate

Achievers

The cost of employee turnover is outrageously high. When a company loses a salaried employee, it can cost anywhere from six to nine months’ worth of the departed employee’s salary to hire a replacement. Fostering employee engagement can be difficult.

3 HR Strategies You May Have Overlooked

Achievers

Create employee handbooks ?. Track employee hours ?. Draft contracts for new employees ?. Handle employee complaints ?. Here are three additional HR strategies your organization may be overlooking: Create a Retention Strategy.

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.

How To Conquer High Turnover Using Authentic Recognition

Bonusly

Employee recognition isn't a new concept. In fact, the majority of employers have implemented some kind of employee recognition program. Companies that scored in the top 20% for building a "recognition-rich culture" actually had 31% lower voluntary turnover rates! -.

3 powerful ways to improve your employee retention rate

Achievers

There are a lot of reasons this can happen: a bad boss, a toxic team, stagnant career growth, or lack of recognition. Losing your employees to resignation is an expensive problem. A competitive salary is the bare minimum that you need to provide to keep employees satisfied.

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.

Seven Employee Engagement Resolutions in 2019

Engage2Excel

The research on engagement supports what most of us already know intuitively: employees are more engaged when employers value their contributions and communicate that value in specific, visible ways. Engagement matters because engaged employees are more productive workers.

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.

The reward of employee retention

Ceridian

You already know excessive employee turnover is a bad thing. According to the National Federation of Independent Business, the cost of employee turnover can be anywhere from 150-200% of your employee’s salary. priority will be employee retention.

How to Use Psychology to Increase Your Employee Retention Rate

Capterra

Buy new equipment, start a new marketing strategy, hire a ton of interns to get you coffee. Employee tracking software can help, but first you need to understand the psychology behind your employee’s behavior. What makes employees want to stay?

33 Thoughtful Employee Recognition & Appreciation Ideas for 2017

SnackNation

33 Thoughtful Employee Recognition & Appreciation Ideas for 2017. It pays to have amazing employee recognition ideas. You need to find the right employee recognition program for your company. So… What is employee recognition?

How to Spot Who’s Going to Quit Next

Achievers

Most of your company’s expenses are unavoidable, but employee attrition is one of the costs that you can have significant control over. Employee attrition can cost six to nine months’ worth of the departing worker’s salary, so it’s in your best interests to find ways to address employee attrition head-on. Research into employees quitting provides some actionable insights: Demographics most likely to quit. percent employee churn rate.

Who Should You Recognize at Work?

RecognizeThis!

Every employee should be contributing to your success. All are deserving of recognition. Arriving at such an important end goal, however, requires involving all employees in the effort. After all, every employee contributes to the culture of the company (whether good or bad).

How to Retain Employees Without Spending More -12 Easy Tips

SocialChorus

It is critical to your business’s long-term health and success, and turnover costs are high. According to Employee Benefits News , it costs 33% of an employee’s annual salary to replace them. Employee Retention Definition. What is employee retention?

5 Simple Strategies Proven to Retain Your Best People

WorkStride

You finally found that rockstar employee who’s knocking it out of the park. And while nobody wants to watch their employees depart for “greener” pastures, it’s especially painful when it’s our top talent that ends up bouncing. High turnover is a tell-tale sign of poor company culture.

Why you need to celebrate employee milestones

Achievers

As a manager, you’re aware that it’s important to give employees everyday recognition, praise, and feedback. You’ll do a better job of effectively delivering this recognition, however, if you understand the reasons behind it. Options for employee recognition.

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.

8 Top Employee Retention Factors

Vantage Circle

Employee retention refers to the ability of an organization to retain its employees. Employees are the lifeline of any organization. When these skilled employees walk out of the door, it becomes difficult to find good replacements. High turnover not only affects an organization’s bottom line but also is a costly process. And it is often more difficult to train new employees. Even with good compensation and benefits, employees quit.

8 Employee Retention Facts That’ll Keep You Up At Night

SuccessFactors

Employee retention is important. It’s much harder to hire, on-board, and train new employees than it is to keep your current employees. Employees who are engaged are obviously less likely to quit, which improves your retention rates.

7 Simple But Powerful Ways to Lower Employee Turnover Rate

Bonusly

Your organization's employee turnover rate can have a major impact on its trajectory, and if you're having trouble with it, you're not alone. Despite its important place in a successful operation, turnover is still one area even the best companies struggle with.

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.

7 Easy Ways to Solve High Employee Turnover

Bonusly

Unexpectedly losing a great employee is one of the most costly events that can happen to an organization. What's worse, the departure of even one or two top-performers or a charismatic leader can trigger a spiral of additional turnover. Want an easy way to keep employees from leaving?

Smart & Final: Effectively Engaging 10,000+ Employees

Achievers

How do you effectively engage over 10,000 employees? Smart & Final has over 10,000 employees and approximately 211 stores in 5 states. This type of employee experience was unacceptable and something had to be done about it. Are your employees overall happy at work?

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. Key highlights from this year’s report: 1) Prevalence of recognition programs in organizations continues to grow. 89% of organizations offer some sort of recognition program with an average of 4.6

10 Reasons Why Rewards and Recognition is the Secret Sauce to Retention

PlanSource

Regardless of the cause for leaving a job, it is now a top priority to deploy effective employee retention strategies to stay productive. I believe the ultimate secret sauce to reducing turnover and increasing retention is meaningful recognition practices.

What’s the Key to Talent Retention? Human-Centered Approaches, Says SHRM/Globoforce Report

HR Daily Advisor

The report explores the key elements of what constitutes a human workplace and reveals HR leaders are creating supportive feedback environments throughout the year to improve employee engagement, organizational culture, and the employee experience.

Why you need to celebrate employee milestones

Achievers

As a manager, you’re aware that it’s important to give employees everyday recognition, praise, and feedback. You’ll do a better job of effectively delivering this recognition, however, if you understand the reasons behind it. Options for employee recognition.

4 Ways to Prevent Your Employees From Quitting

Achievers

When you hire a new employee, that person is already looking for a new job and at risk of quitting. Clearly, employee retention is a top priority for every organization and it’s HR’s duty to build a strategy that can prevent employees from quitting.

How Do You Retain Employees?

Best Money Moves

How do you retain employees? Forty-three percent of workers will look for a new job in the next year, putting employer focus on retention strategies. More than 80 percent of employers are concerned about retaining employees — and with good reason.