Remove Bonuses Remove Employee Recognition Remove Employee Retention Remove Employee Wellness
article thumbnail

Guide To Drive Employee Recognition

Empuls

MGM Grand 1 , a Las Vegas hospitality company, realized the need to enhance employee engagement by following a value-driven employee recognition program. In its approach, the company successfully streamed employee satisfaction surveys, which showed an increase from 87.5%    What is employee recognition?

article thumbnail

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. 

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. The alarming state of employee turnover in banking sector 1. Company culture : Organizational culture plays a vital role in employee retention. Schedule a demo today!

Banking 40
article thumbnail

Employee recognition is a must for businesses to get ahead

Business Management Daily

The importance of employee recognition. Some in management, however, turn up their nose at the idea of worrying about employee recognition. Some of the benefits of employee recognition efforts include: Helping to attract top talent. Promoting employee retention. Improving employee well-being.

article thumbnail

Discover the top employee rewards software platforms of 2024

Achievers

But before you get too far into the weeds, it’s important to understand why recognition matters in the first place — and where it can take your organization. Employee recognition is the number one driver of engagement. And a key area it impacts is employee productivity. It even goes beyond just pay.

Software 194
article thumbnail

15 actionable employee appreciation ideas

Achievers

The value of social recognition can’t be understated, and you can further boost its impact by linking employee appreciation with rewards. The best employee reward solutions let you give whatever number of points fit your budget to team members on a weekly or monthly basis. Support employee wellness.

article thumbnail

10 Employee Incentive Programs to Engage Your Team

Achievers

Sixty-nine percent of employees cite recognition and rewards programs as motivation to stay at their current job. And organizations that rate their culture of recognition highly are three times more likely to see increased employee retention and over twice as likely to see increased employee engagement.