Remove High Performance Culture Remove Retention and Turnover Remove Study
article thumbnail

Employee Rewards for Business Services: Strategies That Work

Vantage Circle

According to a report by Deloitte , companies with effective recognition programs are 31% less likely to face voluntary turnover. A recent study by Canva found that 94% of employees who feel highly appreciated love their workplace, and 91% love their job, yet many report not receiving recognition.

article thumbnail

9 Strategies To Cultivate Well-Being In The Workplace

Empuls

Furthermore, 65% of employees cite workload as the primary source of workplace stress, which can lead to decreased productivity and increased turnover. For instance, Google has implemented comprehensive wellness programs that include mental health resources and flexible work arrangements, resulting in higher employee engagement and retention.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Effective Ways to Reward Employees for Good Performance

Vantage Circle

This further helps retain top talent and reduce turnover. With the peak of digitization, virtual recognition platforms have made recognition and rewards simple and impactful to enhance employee engagement and retention. Talent Retention High-performing employees are the most sought-after. Let’s dig in!

article thumbnail

Employee bonus programs that drive sales performance

Empuls

Retention bonuses : Rewards aimed at retaining key talent within the company for a specific period. For employers, they help drive performance, improve productivity, and reduce turnover by fostering a positive and competitive work environment. This reduces turnover and the associated costs of hiring and training new employees.

article thumbnail

Top 7 Ways Employers Are Boosting Employee Recognition in 2025 to Supercharge Performance

Hoops

A 2024 Gallup study found that employees who receive regular recognition are 45% more likely to stay with their employer for the next two years or more. A 2024 Mercer study shows employees prefer tailored benefitslike options between extra PTO, wellness stipends, or career development fundsover one-size-fits-all packages.

article thumbnail

50 Real-World Examples of Great Company Culture

Peoplebox

According to a SHRM study , employees who experience workplace incivility take an average of 1.6 So, what makes a great company culture? But when culture is weak or inconsistent, employees may struggle with direction, leading to disengagement and higher turnover. extra days off per month to escape it.

article thumbnail

3 Business-Critical Reasons to Invest in Strategic HR

15Five

In companies where HR is treated as a primarily administrative function, business goals like increasing sales, improving customer retention, and growing market share are rarely considered. Turnover is lower, sales are higher, and work is more efficient. Turnover is lower, sales are higher, and work is more efficient.