Recognition and Retention: Fighting Turnover with Technology
Michael Levy, Online Rewards CEO, recently appeared on a podcast produced by Human Capital Institute to discuss how compensation has little to do with what keeps an employee at a company and, instead, how nearly nine in ten people admit to leaving a job for reasons other than pay.
Today's prospective employees say that company culture and recognition for their accomplishments outweigh compensation and benefits. Thus, companies with highly engaged employees outperform their competitors by nearly 150% and Employee Engagement strategies are no longer a "nice-to-have" perk, but a strategic tool that drives business outcomes.
Since lack of recognition shows up on almost every list of reasons why employees leave organizations, many companies are looking toward reward and recognition programs to yield results.Listen to the Podcast