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.
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