Small businesses don’t have an unlimited budget when it comes to employee recognition. However, employee recognition is an integral component of company success. It gives your employees a sense of purpose and pride. You want to highlight your team’s wins without negatively impacting profit. We’ve talked to 10 small business leaders and compiled a few … Read more
Your business needs a lot of resources in order to be successful — from the inventory you carry to the facilities in which you store them. Yet perhaps no resource you could have is more vital to your success than the people you employ. A highly motivated and engaged workforce can do more to build … Read more
One of the biggest costs a company can incur is the cost that comes through Turnover. There is the cost of the disengaged and often unproductive employee, the cost and time of finding a replacement and the cost of onboarding the employee. Employee recognition can go a long way to reduce this Turnover. According … Read more
Companies with a solid strategy to recognize members of their team enjoy stronger engagement, increased employee morale, a devoted spirit of customer service, and lower turnover rates. If you treat your employees as if they were your best customers, they will become loyal brand advocates who are more engaged with your customers and your business … Read more
Companies spend countless hours and thousands of dollars to recruit and onboard a new employee. In fact, some studies (such as SHMR) predict that every time a business replaces a salaried employee, it costs six to nine months’ salary on average. With all that time and effort going into getting a new employee onboard, it … Read more