We were stunned when we did the calculations around return on investment for recognition budgets. Even with a small budget, you can make a significant impact on company culture with a recognition program, and even more savings on costs from employee turnover.
A study from Aon Hewitt posited that companys with a culture of appreciation have 31% less turnover of employees compared to organisations that don't. Employee turnover can cost your organisation millions of dollars annually, even if you're only from a small organisation.
We've made a quick employee recognition budget ROI calculator for you to easily crunch the numbers and figure out how much you'll save with your recognition budget - fill in the grey fields below:
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