Remove Employee Recognition Remove Employee Retention Remove Employment Remove Retail
article thumbnail

Why Employee Recognition is Important and Key Benefits

Achievers

And meeting this desire can have a huge effect on key contributors to your bottom line, like employee engagement and retention. Let’s look at some of the biggest ways employee recognition can impact your business. The importance of employee recognition. Happy, appreciated employees mean happy customers.

article thumbnail

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!

Insiders

Sign Up for our Newsletter

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

article thumbnail

Employee retention strategies to overcome the Great Resignation

Business Management Daily

Employee retention is a major challenge for employers at this time. Many employers are seeing record turnover rates as the economy rebounds from the coronavirus pandemic. Employees largely put off changing jobs during the pandemic due to the level of instability in the labor market. Allow telecommuting.

article thumbnail

Employee Recognition Program: Things You Need To know!

Vantage Circle

And that is something this blog will cover and give you a good headstart on how you can start your employee recognition program. According to Globoforce , 83% of HR leaders say that an employee recognition program benefits their company values. Key Takeaways Understand what a recognition program is. Only 52.6%

article thumbnail

What Is a Good Retention Rate and How Do You Achieve and Maintain It?

15Five

Employers know that attracting and retaining top talent is essential for continual innovation and growth. However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate?

article thumbnail

Meijer Leverages Recognition to Strengthen Key Business Metrics

Achievers

Grocery stores make up a large sector of the retail industry and there are more than 38,000 supermarkets in the U.S. How are major grocery retailers engaging their hundreds to thousands of employees on a daily basis? 5x more likely to see increased employee engagement. 25x more likely to give frequent recognition.

Retail 199
article thumbnail

Eden Hotel Collection uses recognition schemes to share employees’ success

Employee Benefits

Eden Hotel Collection supports its employees with a variety of employee recognition schemes in order to share successes and be known as a great place to work. On 23 January, it also launched an app-based recognition programme called The Happy Hub.