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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

Here, other forms of monetary compensation are useful as well. Mentoring provides the same benefits as well, where employees are allowed to feel valued by the company with the appropriate feedback to guide them in their roles. These can also take the form of defined wellness programs that an employee can avail of.

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The importance of employee recognition

Interact-Intranet

This is due to what social psychologists refer to us the ‘overjustification effect’ Simply put, once you place an expected external incentive – such as money, prizes or rewards – on a task, a person’s intrinsic motivation to perform that task decreases. Source: Globoforce. Source: OfficeVibe.

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What It Really Means To Humanize Work

WorkHuman

As Derek Irvine, Vice President, Client Strategy and Consulting at Globoforce , pointed out in a quick historical office tour stretching from the Ancient Greeks to the knowledge age, we have “2,000 years of experience in removing humanity from the workplace.” Mindfulness, values, play, and other themes from the inaugural WorkHuman Summit.

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Employee Recognition Statistics: What HR Professionals Need to Know in 2024

Terryberry

Globoforce) Highly engaged teams have a 40% lower turnover rate compared to disengaged employees and teams. Globoforce) Peer-to-peer recognition has a direct link to higher engagement levels. This typically includes peer-to-peer recognition, employee rewards as well as manager recognition.