Employee Loyalty Program: Why You
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According to the latest SHRM/Globoforce survey results, companies who follow key recognition practices are seeing better metrics across the board. Bersin by Deloitte reports that organizations with the most sophisticated recognition programs are 12 times more likely to have strong business outcomes.
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There are many reasons to have an Employee Rewards and Recognition Program which may also be referred to as Loyalty, Rewards and Recognition, Total Rewards, or Employee Engagement Programs. Although these terms are often used interchangeably, reward and recognition systems should be considered separately. Let’s look at 4 of these many reasons why you should have Employee Rewards and Recognition Program.
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1. Drive measurable business results 2. Manage and retain top Talent 3. Inspire employee engagement. 4. Communicate corporate values
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