What is the impact of employee recognition on retention?

Are you struggling to retain employees, even after offering competitive salaries? Do you feel like your employees aren’t fully committed to the company? Is high turnover impacting your productivity?

Employee recognition plays a critical role in retention. Employees who feel appreciated for their work are more likely to stay with a company long-term. In fact, studies show that companies with strong recognition programs have 31% lower turnover rates than those without.

Recognition doesn’t have to be expensive. A custom award that acknowledges an employee’s hard work and dedication can go a long way toward making them feel valued. And unlike a bonus, which is quickly forgotten, an award serves as a constant reminder of their worth to the company.

Olive Branch Awards specializes in creating personalized awards that help you retain your best talent. Start a recognition program today and see the impact on your employee retention.