Is Delayed Recognition Costing You Your Best Employees?

In a recent article, Investopedia highlights a concerning trend in workplace culture: delayed recognition is eroding employee loyalty.

The piece shows how a lack of timely appreciation is undermining morale and loyalty. For example, the Achievers Workforce Institute report reveals that manager recognition has dropped from 20% to 15%, and weekly employee recognition has plummeted from 29% to 19% (read the full article here).

This shift has significant implications for HR professionals and leaders. Delayed or insufficient recognition can lead to disengagement, reduced productivity, and higher turnover. Conversely, timely and meaningful recognition fosters a sense of value and belonging, enhancing retention and workplace culture.

As an HR leader, it’s worth asking: Are you acknowledging achievements promptly and genuinely? Implementing regular and sincere recognition can strengthen employee loyalty and contribute to a healthier work environment.

You can read the full article here