The cost of employee turnover is a growing burden for companies. Employers can spend months trying to recruit, hire, and train new employees. Millennials are among the most prevalent job-changers, withmillennial turnovercosting U.S. companies a staggering $30.5 billion annually
Employee engagement--or lack thereof--seems to be driving this trend. According to a recentGallup report, only 31% of workers in the United States and Canada are invested in their jobs. That means almost two-thirds of the workforce are disengaged! When employees aren’t invested in their jobs, productivity decreases and job dissatisfaction and turnover increase.
Employee Recognition Boosts Employee Engagement
Building employee recognition programs is an employer engagement strategy gaining traction within companies. Research byBersinfound that in organizations where recognition occurs, employee engagement, productivity, and customer service are about 14 percent better than in those where recognition does not occur.
Credly by Pearson helps organizations across industries create digital credentialing programs that promote a culture of achievement and recognition. From technical training to soft skills development to competency-based learning opportunities, digital credentials are a powerful way to engage employees in the workplace and reward their achievements with verifiable and shareable digital badges.
Contact us to learn more about developing an employer engagement strategy with digital credentials.
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