Organizations that incorporate employee recognition programs boast a 31 percent lower voluntary turnover rate than those with ineffective employee recognition programs, according to a report from Bersin & Associates.

“Our research shows that modern recognition programs can have a huge impact on organizational performance,” says Josh Bersin, CEO and president of Bersin & Associates. “In today’s difficult economic times, business leaders should look to re-engineer these programs and integrate them directly with talent and performance management strategies.”

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