Thousands of US employers ranked employee retention as their No. 1 operational and HR priorities in 2023.1 But retaining employees doesn’t happen without a conscious effort. Many factors count, from career growth opportunities to compensation — and recognition for contributions. While rewards and recognition may not be leading indicators for keeping talent from leaving, data shows these acknowledgments matter. A quick look at how other employers approach this important aspect of the employee experience can provide insight into potential improvements.
Why does employee recognition matter?
4 ways organizations are recognizing employee performance
Thirty-eight percent (38%) of employers recognize superior performance.1 Many also rely on guidance from supporting polices to make effective decisions.3
