Decreased Employee Turnover
Decreased Employee Turnover
Published on June 7th, 2019
By HAMILTON Staff
It may not make sense to only reward employees for their five- and 10-year workplace anniversaries, as many may not make it this far. Instead, organizations can yield results when they provide small rewards on an annual basis to encourage employee retention. As an employees' time with the company grows, it pays to offer awards of a larger size. Feeling validated through public recognition and a physical reward can encourage your best talent to stay with the company.
The median number of years that wage and salary workers had been with their current employer was 4.2 years.
- U.S. Bureau of Labor Statistics reported in 2018An employee reward program that recognizes workers' demonstration of excellence provides them with a sense of purpose in their careers. As a result, they feel more satisfied in the workplace and more likely to stay with a company for an extended period of time. Nowadays, people are less likely to spend decades with the same company, as was a common practice among our parents' and grandparents' generations.
Reward your employees today.
Get in touch with the professionals at Hamilton For Business to see how we can help decrease your employee turnover.