Get recognition and rewards right

Workers who feel valued work harder and remain with their businesses longer, but more than 80% of American workers claim they are neither recognized nor rewarded. Developing a culture of recognition entails more than simply recognizing people on a regular basis. It necessitates regular and precise acknowledgment. According to the Brandon Hall Group, firms that acknowledge employees many times per month have 41% higher employee retention and 34% higher engagement.

To make constant recognition a reality, your business should prioritize both social and monetary benefits, preferably through the use of a recognition platform that allows everyone to participate. These platforms support point-based reward systems, which allow employees to earn and spend points for benefits that are meaningful to them. They also make it simple to recognize employees whether they are in the office or working remotely, as they may send messages of thanks to everyone in your organization whenever and wherever it is convenient for them.