Current socio-economic tendencies show that the competition for talent is going to get only tougher. In this presentation we’ll tell you about how to get the most of your reward and recognition program and reduce voluntary employee turnover.

1. HOW
RECOGNITION
HELPS TO REDUCE
VOLUNTARY TURNOVERvoluntary

2. The latest Gallup's
“State of the American Workplace”
report provides a lot of
disconcerting statistics
about employee turnover

3. 51% of US employees say they are actively searching
for a new job or looking for openings

4. 35% of survey participants report
switching jobs within the past 3 years

5. 67% of workers are disengaged at their jobs
to varying degrees

6. Even engaged employees might be looking for
other jobs and opportunities!

7. Whose fault is it?
How do we defeat
the "grass is greener”
mentality?

8. The major causes of employees leaving an organization
Monetary factors:
• Non-competitive salary andrewards
Non-monetary factors:
• Lackof respect and appreciation
• Poorworking conditions
• Non-friendly work environment
• Poorrelationships witha direct supervisor
• Inflexible workschedules
• Favoritismat workplace
• Misalignment withcompany culture and values
• Lackof careeropportunities
• Lackof challenges inthe job
• Mismatchbetweenthe positionandthe person
• Poorwork-life balance
• Lackof trust inorganizational leaders

9. Warning signs that an employee could be on the verge of turnover
• Takes longer breaks, arrives
late or leaves early too often
• Looks distracted during
meetings and other forms of
collective discussions
• Shows reduced productivity
and responsiveness
• Avoids social interactions
with colleagues

10. How do we predict:
Disengagement? Dismissal?

11. Tools for identification and measurement
Disengagement
• Attitude surveys and polls
• Personal conversations
Dismissal
• Exit interviews
• Glassdoor reviews

12. key factors ofworkforce retention
REWARDS
HEALTHY
ENVIRONMENT
COMPANY
CULTURE
GROWTH
OPPORTUNITY
Salary
Perks
Incentives
Interpersonalrelationships
Workingconditions
Work/life balance
Career planning
Professionaldevelopment
Challengingtasks
Mission andvalues
Proceduresandprocesses
Managementstyle & professionalism

13. What happens if you don’t reduce voluntary turnover?
Even conservative figures
estimate that it costs anywhere
between 30% and 200%+ of an
employee’s salary to replace
them, with related costs in
time and business
performance climbing even
higher.

14. The link between voluntary redundancy and engagement
56% of non-engaged
employees and 73% actively
disengaged employees are
ready to leave the job at the
appropriate opportunity
Gallup, 2017

15. What are the positive results of reducing turnover?
Companies with highly
engaged employees
outperform their competitors
by nearly 150%
Gallup, 2012

16. THE ROLE OF AN APPROPRIATE
RECOGNITION PROGRAM

17. TOTAL REWARDS
NON-FINANCIAL REWARDS
Recognition
Development of
Skills
Opportunities Quality of Life
FINANCIAL REWARD
Base Pay Variable Pay Share Ownership Benefits
SOURCE: INTERNATIONAL JOURNAL OF SCIENTIFIC & TECHNOLOGY RESEARCH VOLUME 6,
Issue 09, September 2017
adapted scheme

18. RECOGNITION PROGRAMS
Improvement of
relationships
Perception of
working conditions
Adoption of
company culture
Promotion of
desired behavior
Team Recognition Individual Recognition

19. How does recognition influence the turnover rate?
The feeling of appreciation, deliveredby peer-to-peer recognition, provides
sustainablemotivation that cannot be achieved by monetary rewards alone.
Positiverecognition encourages effort, which, in turn, leads to increased
productivity,accuracy, and improved customer service.
The “positivecycle” created by this relationships pattern, contributes to the an
organization being recognized as a good place to work (given that all “hygiene
factors” in the workplace are provided).

20. Top features of impactful recognition programs
• Emphasizing non-cash rewards
• Peer-to-peer recognition
• Immediate recognition of
desired behavior
• Providing content-rich
experiences
• Allowing results-tracking
• Mobile-first

21. Current socio-economic tendencies show, that the
competition for talent is going to get only tougher.
Partnering with an experienced employee recognition
provider will ensure that you’ve got all of the pieces in
place to reduce dysfunctional employee turnover!

22. Make the most of your reward and
recognition program!
Visit our website for more valuable content
on employee engagement and motivation
programs: https://online-rewards.com/

23. .
Cincinnati
Operations
441 Vine Street, Suite501 Cincinnati, OH 45202
ph 888.826.0783
fx 214.242.4448
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100 North Central ExpresswaySuite 1120
Richardson, TX75080
ph (888) 826-0783
fx (214) 242-4448
WE ARE ONLINE REWARDS
building positive cultures