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Employees who are recognized for their efforts far and away outperform those who are not.
Companies with official employee recognition programs have 31 percent lower turnover rates, according to a Forbes report. That could equal thousands of dollars saved in the long run when you consider how much a disgruntled former employee costs. The Society for Human Resource Management says a business takes a hit costing an average of $3,337.00 (PDF) for every unhappy worker that leaves.