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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Practical guide to benefits & rewards renewals: set timelines, define objectives, audit vendors & shortlist providers. Free interactive checklist.
Compare the top 10 Slack employee recognition apps in 2025. Review their features, and see which platform boosts engagement and rewards your team best.
Today’s employees expect more than contracts and checklists. They want purpose, support and recognition. They want to be seen as people, not just headcount.
When it comes to recognising great work, timing is everything - today’s teams move fast. And they expect feedback and recognition to match that pace.
