Rewards aren’t new to employee recognition and retention programs, but they are growing in popularity. Over 80% of businesses use rewards to overcome their business challenges today. They’re a perfect tool for recognizing top-achieving performance, boosting morale, and creating a supportive work environment.
In recent years, the number of employees who do not feel appreciated at work has grown, and that could be a big problem for companies. When employees are dissatisfied for long enough, they’re more likely to look for another job, which means employers are stuck with high turnover and on-boarding costs.
Every year Employee Appreciation Day falls on the first Friday in March. It's a practice that is not only important influence on your productivity, bottom line, and turnover, it's also something you should be focusing on every day.
Workplace disengagement is a rising trend that no manager likes to see but is happening in businesses all across the country. In just the past four years, employee disengagement rose 17 percent according to Gallup data.
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