Does your business have an employee recognition program in place currently? Do your current recognition efforts have centralized oversight and communications?
Does your current company struggle with employee retention? Are your recruiting, hiring, training, and employee retention costs unsustainable?
Innovation and creativity are needed to avoid unsustainable, higher turnover, recruitment, and training costs.
Most companies incorporate some form of tenure-based employee recognition into their overall engagement strategy. But now more than ever, employees are willing to change jobs or walk away, and this trend is likely to continue. In response, businesses must innovate and produce creative solutions or risk unsustainable, higher costs when it comes to turnover, recruitment, and training.
Breaking out of the traditional ‘every 5 years’ work anniversary cycle and celebrating career achievement between the organization, employees, and peers will help to keep things fresh. Failure to invest in new recognition strategies can lead to apathy and unnecessary costs. Being proactive is imperative, and QIC has the cutting-edge expertise tailored specifically for the unique demands of today’s business climate.
Points to Consider
Business productivity increases by 31 percent when employees are happy.
Organizations scoring in the top 20 percent of engagement experience 59 percent fewer turnovers.
Over 40 percent of employed Americans say they would invest more energy into their work if they were recognized more often.