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The Importance of Employee Recognition: With Statistics and Examples

Vantage Circle

We all know that employee recognition is all about appreciating and rewarding the hard work and achievements of your employees. But do you know why is employee recognition important? Employee Recognition serves as a fundamental cornerstone for organizational success. So, let’s dive in!

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8 Employee Retention Strategies in the Banking Sector Ensuring Stability and Growth

Empuls

High turnover can result in significant costs and disruptions, making it essential for banks to implement effective employee retention strategies. In this blog, we will explore some crucial strategies that can help banks retain their valuable workforce. The alarming state of employee turnover in banking sector 1.

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8 Tried & Tested Employee Retention Strategies in the Insurance Sector [2024 Edition]

Empuls

Employee retention is a critical factor in the success of insurance companies.    Recent studies reveal that employee retention rates in the insurance industry hover between 12% and 15% , with voluntary turnover rates showing an upward trend. However, there's no need to worry. 

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15 Ideas for an Unforgettable Employee Appreciation Day

Achievers

When employees feel appreciated, they perform at their best and are less likely to leave. In fact, organizations that rate their culture of recognition highly are 3 times more likely to see increased employee retention and 2.5 times more likely to see increased employee engagement, among other benefits.

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10 Key Strategies You Need to Know to Enhance Employee Experience Management

Vantage Circle

These include enhanced employee engagement and increased productivity. Moreover, it plays a crucial role in improving mental health and overall well-being. In this blog, we will explore various strategies that business leaders and HR professionals can implement right away to step up their Employee experience game.

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How to retain your best employees when you can’t afford to give them a raise

Achievers

If you find yourself seeking creative ways to increase employee retention and reward exceptional worker effort, here are a few useful points to keep in mind. A change in title is another way to express recognition for an employee’s outstanding contribution. Salary isn’t the key factor in engagement.

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24 Actionable Employee Engagement Ideas and Activities

Achievers

Providing social recognition has a significant impact on employees as material rewards do, and it leads to organizational benefits across the board: improved individual performances, better NPS scores, and even higher stock prices. It also results in improved employee retention and engagement. Recognize today. .