Teamwork between employees is enhanced. Retention of quality employees increases – lower employee turnover. Better safety records and fewer accidents on the job. Lower negative effects such as absenteeism and stress. Costs Time spent in designing and implementing the program.
Time taken to give recognition. Dollar cost of the recognition items given. Time and cost of teaching people how to give recognition. Costs of introducing a new process. In conclusion, it is clear that recognition is a critical component of any organizational workforce strategy.
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