The pressure is on for HR leaders to discover cost-effective strategies that enhance engagement and retention within their organizations. According to The State of Recognition Report from Achievers Workforce Institute, there’s a significant return on investment that employee recognition initiatives can yield, as frequent recognition has been proven to motivate and retain employees effectively.
Individuals who receive monthly recognition demonstrate higher job commitment compared to those recognized less frequently, such as quarterly or sporadically. However, recognition doesn't have to be extravagant or expensive to be effective. Even a simple, meaningful "thank you" can have a powerful impact on engagement and retention, on par with recognition programs that offer points or monetary rewards.
In this panel discussion, we'll explore best practices for enhancing the quality and quantity of recognition and valuable insights on maximizing engagement and retention through recognition initiatives.
Join us to learn:
• Why employee recognition has a high ROI that motivates and retains employees effectively
• The optimal cadence to recognize employees which helps boost job commitment
• Cost-effective strategies for recognizing employees and their contributions
• The importance of tracking recognition data to offer customizable rewards
• How to leverage technology to facilitate peer-to-peer recognition, allowing employees to acknowledge and appreciate each other’s contributions