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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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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?

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Leveraging Stay Interviews and Low-Cost Benefits for Improved Employee Retention

PeopleStrategy

Finally, how organizations handle employee departures can significantly impact their employer brand and reputation. Conducting respectful offboarding interviews demonstrates a commitment to employee well-being and professional development, enhancing the organization’s reputation as an employer of choice.

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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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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!

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Top Strategies to Reduce Employee Turnover in 2024

HR Lineup

Companies must adapt their retention strategies to cater to the needs of remote employees and mitigate the challenges associated with virtual collaboration. Employee Well-being and Mental Health: The recognition of employee well-being as a cornerstone of organizational success has gained prominence.

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15 actionable employee appreciation ideas

Achievers

Support employee wellness. Employee wellness programs support your team’s physical and mental health. An employee wellness program can include everything from weekly guided mindfulness sessions to providing various critical health services, like vaccinations, in office.