Globally, only one in four employees strongly agree they feel connected to their culture, and only one in three strongly agree they belong at their company. This is damning. If organisations truly want to retain and attract talent for survival, they must demonstrate to employees that they are valued by recognising their contributions.
There is also a return-on-investment. Gallup reports that creating a culture of recognition can save a 10,000-employee company up to $16.1 million in turnover costs annually.
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