Discover how much your company could save each year by reducing employee turnover tied to lack of recognition. Use this calculator to estimate potential savings - and see how quickly a recognition program like Shoutouts can pay for itself.
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Employee turnover is one of the most underestimated costs facing businesses today. Beneath the surface, each resignation triggers a ripple effect of lost productivity, recruitment expenses, and onboarding time.
Investing in employee recognition isn’t just a feel-good initiative - it’s a proven way to combat costly attrition. When employees feel valued and appreciated, they’re significantly more likely to stay, perform at higher levels, and contribute to a positive workplace culture.
Recognition programs have been shown to reduce turnover by up to 31%, particularly when they’re timely, specific, and peer-enabled. By acknowledging effort and impact, companies build stronger teams and protect themselves from the expensive cycle of hiring, onboarding, and lost productivity. In short: recognition is one of the most cost-effective tools to retain your best people - and boost morale while doing it.
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