Managers save time.
Boost retention.
Transform team culture.
When people feel appreciated, they naturally do more.
We know this, yet it can be hard for managers to have the time and bandwidth to ensure their team feel appreciated.
Pizza parties are literally a meme. 1:1's are time consuming. Generic gift cards are impersonal.
Turnover is costly. Providing a unique, personalized, memorable appreciation experience backed by a manager who leads with compassionate leadership is an investment in loyalty, performance, and retention.
The Center for American Progress indicates that replacing an employee can cost about 20% of that employee's annual salary, significantly impacting organizations with high turnover among entry-level roles. (Center for American Progress, “The Cost of Employee Turnover,” 2019)
A study by the Harvard Business Review found that 50% of remote workers are more likely to quit their job if they feel disconnected from their team. (Harvard Business Review, “The Disconnect Between Remote Workers and Management,” 2021).
According to a Gallup study, companies with high employee engagement have 25% to 65% lower turnover rates among entry-level employees. (Gallup, “State of the American Workplace Report,” 2020).
According to a McKinsey report, entry-level employees have a turnover rate of about 25% in their first year of employment. (McKinsey & Company, “The Future of Work: The Workforce of the Future,” 2021)
A survey by LinkedIn reported that 94% of employees would stay at a company longer if it invested in their professional development, which is particularly relevant for entry-level workers seeking growth. (LinkedIn Learning, “Workplace Learning Report,” 2021)
When's the last time you celebrated your team's contributions, efforts, and successes?
The Institute for Corporate Productivity found that organizations with engaged employees saw a 17% increase in productivity and a 41% decrease in absenteeism, indicating the importance of engagement for retention. (i4cp, “The Value of High-Performance Workplaces,” 2020)
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