Turnover is nearly 18 percent less among employees who receive at least one recognition message throughout their eligible program tenure, according to recent research from employee recognition solutions provider BI Worldwide.
Employee recognition program frequency also plays a part. Turnover is 10 percent greater for workers that are rarely recognized, compared to ones who are acknowledged three to four times a month.
Find out what other insights BIW’s analysis of data from more than 23,000 employees who were active in a company-wide employee recognition program uncovered about employee turnover rates in its recent press release on the topic.