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What’s the Key to Talent Retention? Human-Centered Approaches, Says SHRM/Globoforce Report

HR Daily Advisor

HR leaders are using human-centered approaches in the workplace, which may help resolve retention, recruitment, and culture management challenges, according to a new report released by Globoforce ® , a provider of social recognition and continuous performance development solutions, and the Society for Human Resource Management (SHRM).

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[New Report] How to Make a Business Case for Social Recognition

WorkHuman

It’s packed with the latest industry studies and statistics that show the proven links between social recognition and quantifiable business metrics. 66% of HR professionals say values-based recognition help them build a stronger employer brand. SHRM/Globoforce Employee Recognition Survey).

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The New Rules Of Engagement: Well-being As A Strategic Advantage

Vantage Circle

Gallup's research shows that employees with high well-being are more engaged, which helps mitigate burnout. Encourage employees to engage in community service projects or social responsibility initiatives. These activities strengthen team bonds and contribute to a positive employer brand.

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Employee Recognition Statistics: What HR Professionals Need to Know in 2024

Terryberry

Globoforce) Highly engaged teams have a 40% lower turnover rate compared to disengaged employees and teams. Quantum Workplace ) Employee engagement, productivity, and customer service are about 14% higher where recognition occurs compared to where it doesn’t. times more likely to be highly engaged.

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The Amazing ROI of Rewards and Recognition In Your Organization

Vantage Circle

An astounding 84 percent of HR leaders in organizations with a current employee recognition program reported that it helps with employee engagement. A combined report from Globoforce and SHRM revealed that 68% of employers who run a value-based employee recognition program saw an improvement in employee retention.

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Speaking

Strategic HCM

and other tools and approaches can be used to develop it , webinar, May 2011 HR Metrics for Business Improvement and Strategy Alignment , UMI Events, March 2011 HR and Human Capital Risk Management , CP&P, Houston, US, March 2011 A Review of HR 2.0 and social networking tools Any of the topics dealt with in my blog, [link].

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The importance of employee recognition

Interact-Intranet

Another study states that spending 1% or more of payroll on recognition helped 85% of companies see improved engagement. Traditionally, these programs have focused on the easier to define and measure metrics, such as length of service or reaching of internal milestones. Source: Globoforce. Peer-to-peer recognition is 35.7%