Organizations face the constant risk of losing top talent in today’s competitive job market, resulting in costly headcount replacements and disruption to existing organizational culture. In fact, Gallup researchOpens in a new tab found that, in May 2024, more than half (51%) of U.S. employees were actively watching for or seeking a new job. Gallup research also finds that 42% of employee turnover is preventable – but often ignored.
The latest research from Gallup and Workhuman finds that senior leaders are giving increased attention to the power of recognition, which has been proven to reduce turnover, in addition to driving increased productivity, building safer workplaces, and reducing absenteeism.
To ensure success now and build resiliency for the future, forward-thinking leaders will act with intention to ensure high-quality recognition is delivered across their organizations.
In this report, you’ll learn about:
- Data linking recognition to retention
- Growing enthusiasm for recognition amongst leaders
- Room for growth in the quality of recognition given across organizations
- Essential strategies for taking recognition from good to great
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