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Recently, Kazoo’s Director of Employee Experience sat down to discuss employeeretention strategies in 5 Tried-and-True Ways to Boost Retention , a webinar based on the latest industry research and Kazoo’s first-hand experience with helping hundreds of organizations. Prioritize Appreciation.
In fact, the majority of employers have implemented some kind of employee recognition program. Companies that scored in the top 20% for building a "recognition-rich culture" actually had 31% lower voluntary turnover rates! -. Only 42% of employees even know about their employer's recognition program. in 2013 to 19.3%
The following case study highlights how MGM Resorts International successfully launched their WeSpire solution to all 62,000+ employees — resulting in significant environmental and bottom-line benefits. The Strategy and Implementation sections outline how MGM strategically launched the program to successfully maximize employee adoption.
Let me paint the real cost to you when this happens: 50% of your staff may not stay, or may not stay as long as they would have if they felt more appreciated. Failing to provide regular feedback and recognition can dramatically affect your rate of retention and turnover.
Does Employee Recognition Really Matter? July, 2013. January/February, 2013. Appreciation, Elevated: Strategic Ways to Drive the Bottom Line Through Recognition. Be Clear To Keep Employees Singing Same Brand Tune. Why Recognition Matters: Delivering More Than Retention & Engagement. Read Article.
Employeeturnover is a frustrating problem. Employeeturnover is a really difficult problem to fix, too. Employeeturnover isn’t an unsolvable problem. Some notable companies have gone above and beyond to turn themselves into workplaces their employees love and never want to leave.
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