Infographic: The most popular, effective forms of employee recognition
Almost half of all workers are dissatisfied with the level—and type—of appreciation they receive at work. Read on for tips to bolster your retention rates.
GetVoIP has an infographic that can steer you toward the perks and plaudits people care about. The company interviewed 1,000 workers to find out what forms of recognition or rewards they appreciate most. It’s a crucial question for companies to consider, because, as it states, “The average cost of losing an employee is 21 percent of that person’s annual salary.”
GetVoIP offers a reminder that every staff is different, but here’s what the respondents to that survey said they value most:
The infographic goes on to suggest doling out bonuses more frequently, citing a Harvard Business School study that found “quota-bonus schemes” increase productivity. The graphic also listed bonus do’s and don’ts:
Become a Ragan Insider member to read this article and all other archived content.
Sign up today
Already a member? Log in here.
Learn more about Ragan Insider.
