Got Talent? Know How to Keep It?
Success is completely dependent on having the best talent in place for now and for the future. It’s an important competitive advantage to keep these people thriving.
We live in a rapidly changing world with a multi-generational and global workforce. Competition is fierce. Markets change every day. This puts good talent in short supply. You need to ensure that you keep your best people.
Employees who do not feel adequately recognized are twice as likely to say they’ll quit in the next year. Recognition not only boosts individual employee engagement, but it also has been found to increase productivity and loyalty to the company, leading to higher retention. Statistics show that organizations with highly effective recognition programs had 31% lower voluntary turnover.