One of today’s biggest challenges for every organization is employee retention. The longer a valuable employee remains in an organization the more valuable of an asset it becomes. A study from Office Team found that 66% of employees would quit if they did not feel appreciated.
Reward programs are meant to highlight or recognize a specific behavior or result achieved. Appreciation takes place when an organizational leader unexpectedly uses an opportunity to show it cares for an employee.
Programs that recognize the continued loyalty and work for the organization are critical tools to show appreciation. An anniversary is a perfect time to highlight a worker’s achievement that could only have been accomplished through an extended term of work.
Recognizing employees’ longevity can increase:
Longevity Recognition Programs can be designed to adapt to most budgets and various degrees of effectiveness.ion