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

HR Daily Advisor

HR leaders are using human-centered approaches in the workplace, which may help resolve retention, recruitment, and culture management challenges, according to a new report released by Globoforce ® , a provider of social recognition and continuous performance development solutions, and the Society for Human Resource Management (SHRM).

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The Amazing ROI of Rewards and Recognition In Your Organization

Vantage Circle

An astounding 84 percent of HR leaders in organizations with a current employee recognition program reported that it helps with employee engagement. A combined report from Globoforce and SHRM revealed that 68% of employers who run a value-based employee recognition program saw an improvement in employee retention.

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The Ultimate Guide To Employee Rewards and Recognition

Vantage Circle

It helps the company achieve its goals faster and aids in employees’ personal and professional development. It helps both parties to bridge the gap between them. Benefit 7: Employer Branding. Good employer branding attracts the right candidate and promotes positivity along with employee engagement.

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The importance of employee recognition

Interact-Intranet

Another study states that spending 1% or more of payroll on recognition helped 85% of companies see improved engagement. 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. Peer-to-peer recognition is 35.7%

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5 Takeaways from the New SHRM/Globoforce Recognition Survey

WorkHuman

2016 SHRM/Globoforce Employee Recognition Survey. For the data geeks among us, the release of the 2016 SHRM/Globoforce Recognition Survey is like an early holiday gift. It’s packed with fascinating new insights from nearly 800 HR leaders and practitioners about their top workforce challenges and strategies to help address them.