Consider it a sign of the times - with the average tenure at companies falling and organizations struggling to retain staff, many workers say they should be recognized earlier for their achievements.
Consider it a sign of the times – with the average tenure at companies falling and organizations struggling to retain staff, many workers say they should be recognized earlier for their achievements.
According to a new survey by human capital advisors Accelir, more than 91 percent of companies participate in some type of reward program.
But with the average work tenure in the U.S. now less than five years, companies need to engage and reward employees – and acknowledge them for their efforts in order to create a positive work culture.
The survey also found that early recognition and engagement may give businesses a competitive edge because their workers will likely stay longer than the five-year average.
And workers want their rewards programs to be tied directly to their performance within a particular role, group, task or project.
Companies can also personalize their rewards program by using a points-based system that lets workers redeem those points for an award of their choice.