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Employee Recognition

Home to the latest research and expert advice on employee recognition, appreciation and engagement
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High employee turnover can be a costly business for organisations around the world. Voluntary turnover, in particular, where staff leave of their own volition, has been reported to cost £30,000 per single employee according to Oxford Economics. This accounts for everything from recruiting and staffing fees to onboarding, training and time spent to get the new hire up to speed. Of course, losing employees to new opportunities has other costs too. There are the emotions of their immediate...

Source Feed: Fanclub Recognition

Creating a highly engaged workforce is a primary aim for any organisation and a key indication of culture performance for HR departments too. Highly engaged employees are motivated, productive, less likely to be looking for new employment and are tuned in to the long term aims of the company they’re working for, recognising that their contribution plays a part in the larger success of the company. Disengaged employees, however, can be disruptive, may only get through the minimum amount of...

Source Feed: Fanclub Recognition

Millennials have had a massive impact on workplaces across the world. Following on from the Baby Boomer generation with a more traditional and transactional view of going to work and getting a paycheque in return, millennials, as well as Gen Z, have completely changed what it means to be happy at work, how a job represents more than a 9-5 and what they expect in return for their efforts. For businesses, it’s meant a shift away from the reward and recognition models of the past that relied...

Source Feed: Fanclub Recognition

No business wants to see their best people leave. Great talent, company and market knowledge can be difficult to replace, and a culture which sees a string of top performers leave for greener pastures hints at underlying issues beyond better pay and loftier job titles elsewhere. And high employee turnover is a costly business, too. SHRM estimates it can cost anywhere between six and nine month’s salary to properly replace a salaried employee. So, for a top plant manager or creative director...

Source Feed: Fanclub Recognition

Companies who have embarked on creating a recognition programme have usually spent quite a bit of time choosing suppliers, picking names, figuring out how to align their new programme to their values. By the time it gets around to communications and launch it can already feel like you’ve been talking about your recognition scheme for years. The launch and communications are such a vital part of generating the momentum for a recognition programme which will be needed for months after launch....

Source Feed: Fanclub Recognition

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