Improving employee retention is a constant concern of leaders and Human Resource professionals.
One of the tools available to leaders to change turnover issues is employee recognition.
Let’s examine how employee recognition can be a gamechanger in turning around your retention issues.
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Someone had to ask the question.
It could be a senior leader asking you about the ROI (return on investment) of the proposed recognition program before they sign off on the approval.
Or maybe your CFO asks the question before he’ll issue the cheque.
Whether for fiscal responsibility or validation of the value of employee recognition programs, calculating the ROI can be a helpful tool to communicate the success of your recognition programs.
How do you calculate the Return on Investment of your recognition programs?
Here are a few things to keep in mind. (more…)
I didn’t think so.
Not too many experts share this kind of information.
In fact, very few leaders, consultants or vendors actually tell you how you can save money from using exceptional recognition practices or well strategized and designed recognition programs. They may not even know how themselves.
But I am going to spill the beans. I will share some powerful information with you. I will tell you how recognition can help you and save you dollars, euros and pounds sterling (other currencies included too!). (more…)
One of the most important things you can do to learn more about giving effective employee recognition is to talk to your employees.
Yep, I know, pretty profound advice, right? But it works.
Your employees want to hear how they are doing on a regular basis and not wait until the end. And they want to receive positive feedback. (more…)