Why is Employee Recognition Important?
Employee engagement is on the decline lately. According to a 2013 Gallup Poll, 63% of employees are “not engaged” by their current work.
This statistic points to lost productivity and a lack of innovation in the US economy which totals a loss of about $450 billion a year.
Trying to understand the gaps in employee engagement and productivity and how it relates to recruitment and retention?
Just ask your employees.
Here’s a list of their pain points…
• Lack of autonomy on the job • Inconsistent communication • No variety in the work performed • Lack of recognition and rewards • Inability to make meaningful connections with others
Employee recognition leads to a more fully engaged employee…increased productivity and a higher ROI for the business.