Why employee recognition is crucial during Great Resignation

What's the best employee engagement solution for your company?

Why employee recognition is crucial during Great Resignation

Retention remains the biggest issue plaguing HR leaders during the Great Resignation, in which companies across the United States (and even Canada and the United Kingdom) are experiencing historic turnover.

More than 50 million Americans have quit their jobs over the past year, according to the U.S. Bureau of Labor Statistics. The COVID-19 pandemic forced people to re-evaluate their priorities, especially when it comes to what they want out of their careers. As a result, workers have been leaving their positions for greener pastures, demanding higher salaries, better working conditions, greater work/life balance and more opportunities to advance their careers. With the scales tipped in favor of labor, employers are having to increase their compensation and benefits packages beyond the traditional healthcare, dental, vision and 401(k) plans.

Free download: Kudos' Complete Employee Recognition Buyer’s Guide

This Great Resignation has led companies to consider their entire employee experience, beyond just salary. The people who are leaving are disengaged. In fact, Gallup found that 74% of people looking for a new job today, post-pandemic, are disengaged. “It's not an industry, role, or pay issue,” Gallup’s team says, “it's a workplace issue.” Employees are first and foremost now seeking a workplace that meets their needs in terms of flexibility but also one that makes them feel valued and appreciated.

That’s a warning sign for employers struggling to fill positions during the Great Resignation. In order to boost morale and retain your top talent, you’ll want to invest in the best employee recognition solution for your company’s culture, goals, and budget. Thus, you’ll want to check out Kudos’ Complete Employee Recognition Buyer’s Guide.

Headquartered in Calgary, Alberta, Canada, Kudos is an employee recognition, engagement, culture and analytics platform that harnesses the power of peer-to-peer recognition, values reinforcement and open communication to help organizations boost employee engagement, reduce turnover, improve culture and drive productivity and performance.

The platform uses unique proprietary methodologies to deliver essential people analytics on culture, performance, and inclusion, providing organizations with deep insights and a clear understanding of their workforce. Companies in more than 80 countries are unlocking employee potential with Kudos’ unique recognition platform.

Free download: Kudos' Complete Employee Recognition Buyer’s Guide

“At the heart of the Great Resignation is a fundamental need that has gone largely unmet,” Muni Boga, founder and CEO of Kudos, told HRD. “That’s the need for employees to go beyond simply existing in their job roles and thrive. The talent of today’s world wants to be treated well and to be recognized for their contributions. The benefits for companies that realize this and take the steps to act on this are massive in terms of employee engagement, retention and ultimately, organizational growth.”

The modern workplace culture is changing – employees demand meaningful appreciation and traditional milestone and reward programs don't cut it anymore. Learn how to select a recognition solution that will supercharge your culture and unlock your employees’ potential, complete with self-assessment worksheets, ROI calculations, and platform evaluation checklists to guide you to the perfect partner.

After all, you’re the expert on your company’s needs and what makes your workforce unique.

Kudos’ Buyer’s Guide gives a comprehensive overview of how to choose the right employee recognition platform, providing insight on the key areas to focus on, such as understanding the modern recognition landscape and what today’s employees want; identifying your company’s needs and most pressing challenges; mapping out your stakeholders, timeline and budget; building the business case for recognition and measuring ROI; and evaluating the recognition platform you’re considering.

What makes one employee recognition platform more effective than another? What does the current recognition landscape look like? What features and services are essential to support the culture that will make your organization successful?

Find out all the answers and much more in this free download - The Complete Employee Recognition Buyer’s Guide.

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