![]() ![]() ![]() Of course, this all takes on a renewed importance and poignancy in a period when many employees are working remotely – either full- or part-time. Those factors – and others – add up to lower turnover. They also have stronger working relationships, and feel a sense of belonging. It points out that when organizations get recognition right, employees are more committed, engaged, and connected to their workplace culture. The report goes on to note that employees who receive recognition only a few times a year from a manager, supervisor, or other leader are 74% more likely to report that they do not plan to be at their organization in one year.Īs the Gallup report reminds us, employee recognition brings the “human” element to the workplace, setting the tone for the entire employee experience. When organizations fall short on showing employees they are valued, they risk losing their employees altogether.” When organizations fail to have a vibrant, intentional employee recognition program in place, the impact – including an increase in employee turnover – is large and far-reaching, not to mention expensive.Īs the Gallup report points out, “Experiencing consistently low levels of recognition is a drain on the employee experience and workplace culture that can have serious repercussions … That’s in addition to the cost-savings that accrue from boosted employee engagement and productivity. In one of the report’s most stunning findings, it found that creating a culture of recognition can save a 10,000-employee company up to $16.1 million in employee turnover costs annually. 12 Strategies for Reducing Employee Turnover.Why is increasing employee retention important?.Employee turnover – its impact on business metrics.4 ways recognition improves employee retention. ![]()
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