Boost Retention through Employee Recognition

While the world of work has changed dramatically over the past four years, one thing that has not changed is the important role that recognition can play in keeping employees engaged and retained. According to Gallup, employees who do not feel adequately recognized are twice as likely to say they’ll quit in the next year. Showing appreciation for employees on a regular basis boosts morale, encourages people to go the extra mile, and increases productivity and loyalty – all of which can lead to higher retention.

While many think of recognition in terms of a monetary reward, there are plenty of other cost-effective and creative ways to thank employees. Below are some best practices and thought starters to help you show appreciation for your employees.

Recognition doesn’t have to be complicated or expensive. So, the next time you’re thinking about how to boost employee retention, remember that a little can go a long way when it comes to making your employees feel appreciated and valued.

For our thoughts on communication and brand strategy, industry trends and more, subscribe to Padilla POV here. This post was updated from April 2020.

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