Employee Recognition, Service Awards, Appreciation Programs & Ideas
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As the economy improves, many employees are choosing to look for other opportunities. According to studies up to 31% of all employees are actively looking for a new position. Another study found that less than 44% of employees surveyed felt their present employer was actively trying to retain them. The direct cost of turnover: leaving costs, replacement costs and transition costs are fairly easy to document and to put a cost factor to, but indirect costs; such as loss of productivity, reduced employee performance levels, stress on coworkers, unnecessary overtime, low morale, and customer satisfaction are far more complex to put numbers to and can be equally significant to a company's profitability. According to Wikipedia the cost of employee turnover for a for-profit organization is estimated to be up to 150% of the employee's annual remuneration package. Employee recognition is not a magic elixir; but a well-designed employee recognition program can become a positive tool that will help enhance a company's culture. Recognition Ideas & Concepts specializes in employee recognition and reward programs that help our clients achieve their goals by motivating their employees to a higher level of performance and achievement.
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