Discover how much your company could save each year by reducing employee turnover tied to lack of recognition. Use this calculator to estimate potential savings - and see how quickly a recognition program like Shoutouts can pay for itself.
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Employee turnover is one of the most underestimated costs facing businesses today. Beneath the surface, each resignation triggers a ripple effect of lost productivity, recruitment expenses, and onboarding time.
Investing in employee recognition isn’t just a feel-good initiative - it’s a proven way to combat costly attrition. When employees feel valued and appreciated, they’re significantly more likely to stay, perform at higher levels, and contribute to a positive workplace culture.
Recognition programs have been shown to reduce turnover by up to 31%, particularly when they’re timely, specific, and peer-enabled. By acknowledging effort and impact, companies build stronger teams and protect themselves from the expensive cycle of hiring, onboarding, and lost productivity. In short: recognition is one of the most cost-effective tools to retain your best people - and boost morale while doing it.
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In reality, the cultures that people remember - and stay loyal to - aren’t built in sweeping gestures or shiny HR campaigns. They are built in the everyday. The tiny, consistent, human moments that show people they’re valued. Culture is in the details.
The hybrid era has many perks - flexibility, autonomy, sweatpants - but it also dilutes the little human moments that used to happen naturally in the office: the “thank you” at someone’s desk, the team lunch toast, the casual kudos after a tough meeting.
Employees today - particularly within mid-market and enterprise organisations - are asking for something deeper, more meaningful, and more sustainable than ever before. As we settle into an era shaped by hybrid work, economic uncertainty, and generational shifts, it's clear that the future of employee engagement lies not just in perks, but in purpose.
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Strong company culture has the power to energise teams, attract top talent, and build resilience in the face of change. It shapes how people show up on a Monday morning, how they collaborate, and how they grow. And while perks like free coffee or hybrid policies may catch attention, it’s the underlying values, behaviours, and daily interactions that determine whether a culture truly supports people to thrive.
