Companies that make recognition a key part of their strategy are in a better position to keep workers engaged and are less likely to see them quit....
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Next to not defining success in clear precise terms, not providing a rigorous approach to employee recognition and rewards is a guarantee of 50% of your staff seeking greener pastures elsewhere.
Some key points from this article:
Simple tactics like peer to peer review, a hallway of honor, writing thank you notes expressing gratitude and appreciation can go a long way toward overcoming the depressing element in most companies that no one cares how much you try.