According to the U.S. Department of Labor, the number one reason people leave their jobs is lack of appreciation.
>> 54% of organizations involuntarily lost high-performing employees during the first half of 2010.
>> 88% of employees surveyed cite lack of acknowledgement as their top work issue.
These figures speak to the challenge of talent retention and employee engagement, illustrating that a troubling percentage of employees who feel undervalued move on to what they hope will be greener pastures.
But what of the productivity of those that remain Discretionary effort is directly linked to feeling valued. If you believe that your efforts matter, then you will be less likely to leave and more likely to invest greater effort into the job. Companies with above-average employee commitment exhibit above-average revenue growth 71% of the time.
—Source: TemboSocial and HumanResourcesiQ.com whitepaper can be downloaded at www.humanresourcesiq.com/talent-management/white-papers/social-recognition-programs-why-they-matter/
Elearning! and Government Elearning! magazines announced today the Best of Elearning! Awards 2013 honorees. Readers and professionals from both the private and public sector cast 3,862 nominations for the best-in-class solutions across 25 product categories. Winners of each category will be revealed at the Enterprise Learning! Conference & Expo on August 26, 2013, which is co-located with the California HR Conference. The Best of Elearning! Awards program formalizes the “word-of-mouth” referrals practiced in our industry. MORE...
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