Throughout my career I have seen the power in recognizing people’s efforts. Additionally, numerous studies have shown that when people feel appreciated and get recognized, they are more engaged, motivated, and productive.
According to some studies, employee turnover can cost an organization about 33% of an employee’s total compensation, including wages and benefits. It also affects employee morale.
Many good companies fail. Whether you own a business, are employed by one, or have invested in one it is very disconcerting because your career and financial security are at stake.
