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5 Eye-Opening HR Stats: Why Employee Recognition Matters

Achievers

What defines an effective retention strategy varies from business to business, but there is one common element that has been found to work across most business types and sectors: employee recognition. In addition, 75% of employees who received at least monthly recognition (even if informal) reported being satisfied with their jobs.

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Why Employee Recognition Matters

Achievers

Think carefully, because over 65 percent of employees report they don’t feel recognized at work. And lack of recognition just happens to be the number one reason why employees quit. Employee recognition drives employee engagement, and with higher employee engagement come lower turnover rates and stronger business results.

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How to Address High Turnover With Retail Employees

Achievers

Here’s a not-so-fun fact: Retail employees leave their positions at a rate that’s over four times higher than the average turnover rate in all other industries. According to Human Resources Today, that translates to $19 billion in costs related to hiring and training new employees.

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7 Ways to Create an Unbeatable Employee Experience

Achievers

A report by The Society for Human Resource Management (SHRM) notes that 11 percent of HR professionals say their training budget has decreased within the past year, while another 31 percent state that their organization has no training budget whatsoever. Offer Frequent Recognition. Do you have any thoughts on this article?

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How to Protect Your Company from High Employee Turnover

Achievers

Recognizing your employees for the contributions they make is another essential element in any program to increase retention. This basic management truism is all too easy to set aside when the pressure is turned up for higher productivity — but the price of ignoring employee recognition is far too high to pay.

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10 Scary HR Stats That’ll Make You Howl This Halloween

Achievers

In 2014, a Deloitte HR analysis found that 48 percent of executives lacked confidence that their human resources department was capable of meeting global workforce demands. Depending on the location of your employees and offices, you may have a lot of education and retraining to invest in. #5: 5: On Again, Off Again.

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10 Fun Ideas for Celebrating Work Anniversaries

Achievers

Individualization is one of the top three characteristics of employee recognition, according to Gallup (with honesty and authenticity being the other two). For example, set up an employee recognition and rewards platform that has a large catalog of rewards that employees can pick from. Personalize the Gift.