Why Should You Recognize Key Employees?

Studies show that one of the top reasons that employees leave companies is a lack of recognition for the jobs they do and the value they provide. Managers ,more often than not, do not realize that employees think recognition is so important.

According to a 1995 survey of 150 executives from the nation's largest 1000 companies, organizations that believe money is an employee's sole motivation will lose some of their best people. In fact, recognition is the most important factor in employee satisfaction.

You probably already recognize your best employees with attractive compensation packages and job titles. But if you don't recognize them for ongoing contributions, they will see positive reinforcement elsewhere. Recognition programs help retain top performers—despite high work force mobility and historically low unemployment rates. They can help motivate average achievers.