Did you know that lack of appreciation is the #1 reason employees leave their jobs? It’s true. According to statistics provided by the Department of Labor, approximately 67% professionals leave their jobs voluntarily because they don’t feel appreciated. And, when a company loses an employee, it can cost that company up to 150% of the former employee’s salary just to find a replacement and train them.
So, the question becomes: Why would any company knowingly expose itself to such risk when the solution is so simple?
The Answer: Employee Recognition
In a recent article in People Management Magazine, a UK-based hotel chain, Malmaison Hotel, is featured for its implementation of a customer and employee recognition program that significantly improved its results across the board. Those results are as follows:
And, probably most notably, the employees of this grand hotel chain reported an increase of pride in working for the company from 87% to 98%…all because they were recognized for the work they were able to accomplish for the company.
Employees put forth greater efforts + results improve + company recognizes efforts = both employees and customer retention numbers improve
The Solution: Custom Article Mounting
There are many ways you can use custom article mounting as an employee recognition tool. Our two favorites are:
Employee Recognition Plaques
There is also the option available to instead create a custom recognition plaque, which, much like a custom article mount, allows a company to officially recognize an employee for his or her contributions to the company’s success with a plaque made to mark the occasion.
Start Saving with Employee Retention Efforts Today!
Ready to save up to 150% this year by improving your employee recognition program? See what your awards could look like mounted in one of the many custom mounts available from That’s Great News.
With a FREE, no-obligation preview, there will be no doubt how proud employees will be to receive this recognition, and to work for the company that gave it.