Global Industry Report on Boosting Retention Through Employee Recognition

• Highlight the issue of a disengaged workforce.
• Measure the positive impact of recognition on employee retention.
• Focus on the trending Employee Retention strategies.
• Highlight the importance of Digital Recognition to reduce employee turnover in an organization.

The statistics gathered during a 2021 Virtual Conclave themed on "Rewards & Recognition for the New World of Work" were factored into the formation of this report.

The completion of this report comprises 352 responses of industry experts from various industries across the globe. The list includes the U.S, Singapore, India, Indonesia, Canada, Australia, U.A.E, and many more.

The questionnaire had seven questions focused on what employees think about retention strategies in their company and how recognition help reduce turnover. It had open-ended and multiple-choice questions on employee retention strategies.

This report assumes the respective designations: Others (Management Trainee, Architect, Administrative Officer, Professor, etc.)

The data collected from the respondents give us new insights into driving "Talent Retention" through New Age Employee Recognition Strategies 2021.

1. Reasons for accepting a job opportunity at another organization

2. Frequency of an organization in recognizing its employee

3. Impact of peer recognition for employee retention

4. Types of Recognition that would drive employees to retain in an organization

5. Impact of digital recognition system over traditional recognition system in reducing employee turnover