BizSugar.com › Employee Benefits › Give Us 5 Minutes, We’ll Give You the Truth about Employee Recognition Programs

Does your small business have an employee recognition program? If not, it could be time to consider one. The war for talent is being waged harder than ever, reports a study of HR professionals from SHRM/Globoforce. Nearly half of respondents in the survey say their biggest management challenges are employee retention and turnover.
To overcome these challenges, companies in the survey are turning to employee recognition programs to help employees feel valued. Making your company a good place to work not only helps retain your existing employees, but also makes it more likely that when you do need to hire, your current employees will refer friends and associates. This can give your company an edge over bigger competitors for qualified employees.