Why are Recognition Programs related to Employee Retention?
It does not take much effort to understand that employee recognition is related to employee retention. A recent survey by SurveyMonkey has proved that 63% of recognized employees are unlikely to search for a new job and love to stay in the same organization. So, this goes to show that employee recognition is a strategy applied by most HR departments. Programs like Perks On The Spot Awards Gift Cards Achievement Awards Long Service Awards Staff Recognition Awards Shoutouts Electronic Products Handwritten Thank You Note from Peers Cash Awards The above are strategies implemented by most HR departments. It then depends on the organization and the HR team to decide the suitable recognition program for their employees. Many organizations opt for awards, trophies and mementoes as a form of recognizing employees’ contributions. Such mementoes are an excellent way of capturing memories and a great branding opportunity for the organizations. It becomes a win-win situation. Unlike othe