Jul 21, 2022, 12:43 PM
(From Fortune) Having a strong culture of employee recognition can go a long way toward helping companies retain employees, according to a new joint report from Gallup and Workhuman. In the survey of more than 7,600 U.S. employees, researchers found that employees are four times more likely to be engaged in their organizations when they feel recognized at work. Examples of employee recognition include when managers take the time to acknowledge accomplishments, thank workers for their contributions, and give praise and credit for ideas. Pairing financial rewards with recognition is also beneficial, the report found, with employees saying they’re more likely to see a growth path at their company when these types of monetary awards are in place.
Listen to the latest episode of the Net Assets podcast.