Let's discuss recognition and awards - programs that uplift and reward contributions or achievements. This includes trophies and crystal awards, as well as service milestones.
Why does recognition matter?
In the workplace, recognition is hugely impactful. Consider:
- Lack of recognition is the 3rd top reason people leave jobs.
- Companies with recognition programs have 31% less turnover.
- Organizations with sophisticated programs are 12x more likely to have strong business outcomes.
So, recognition is not just nice - it boosts your bottom line. In a competitive job market, it makes you stand out.