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Traditionally, HR was always viewed as a paper-intensive, non-innovative area, where salary decisions are made, people get hired or fired and where teambuilding sessions are organized. Advanced MachineLearning. Only the future will tell about the advancements of these initiatives.
These gestures help build an emotional connection between the company and the employee. It is a great source of motivation and plays a critical role in employee retention. Globoforce ). Organize outdoor activities such as team lunches and teambuilding exercises. Automated and Personalized Recognition.
-> Turnover reduction: Recognition can lower voluntary turnover rates by 31% , demonstrating its effectiveness in retaining talent. -> Job satisfaction: A study by Globoforce found that 89% of employees who were recognized for their hard work reported higher job satisfaction.
This can lead to increased productivity and cost savings associated with recruitment and training. Recognition Software Employee recognition software can streamline and automate the acknowledgment process, ensuring it is consistent and accessible. Both types of recognition are important for building a well-rounded recognition program.
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