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This question is about employee recognition statistics.
Employee recognition is important because it helps employees feel valued, increasing engagement and productivity and decreasing voluntary turnover.
Companies in the top 20% of those with strong employee recognition programs have voluntary turnover rates that are 31% lower than their competitors'. In addition, companies that have these programs in any capacity often see employee performance, engagement, and productivity go up by 14%.
Even a little effort in this area goes a long way, as companies that improve their recognition efforts by 15% often see their margins increase by 2%.
This is because employees who feel like their hard work is noticed are much more likely to give their jobs their best effort rather than coasting or looking for an opportunity elsewhere.

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