This article explores how managers can become champions of employee recognition and drive engagement in your organization. Employee engagement and recognition are vital for fostering a positive work environment, boosting morale, and enhancing employee performance. When recognition is done right, it not only motivates employees but also aligns them with the company's goals.
In our previous article about how to hire great employees we described what organizations need to do to HIRE the best employees. This article addresses how to KEEP them by developing an employee retention strategy.
Having a comprehensive employee recognition strategy is a key part to hiring and retaining good employees. Below, some strategies will be explained on how to keep good employees.
To get the most from your strategy, recognition must become a common and frequent practice throughout your workplace. Let's start by considering how Employee Recognition can help you retain good employees in your organization.
The US Department of Labor tracks all turnover rates, and one of the components of this measurement is the number of quits. These are voluntary separations initiated by the employee, and serve as a measurement of worker’s willingness to leave their jobs. In 2014, this rate has again increased slightly from the levels seen in 2013. Below, the importance of employee recognition is explained.
Continually recognizing and rewarding employees in many different ways, is an important component in your overall plan to increase employee engagement and productivity.
Recognizing and rewarding employees helps reduce the corporate risks that could result from low morale, lower engagement levels, and frequent employee turnover.
A comprehensive employee recognition program can help increase your organization's potential for success.
There is perhaps no subject debated more frequently by employee incentive program managers and their participants, than the question of using cash, or non-cash tangible recognition gifts in any of your employee recognition programs.
So, which is better, and why?
