Winning the talent war is now more important than ever. In addition to the significant cost of replacing employees (which ranges from $40,000 to $100,000+ depending on industry), business leaders are now facing unprecedented challenges including technological disruption, macroeconomic change, industry consolidation, and changing demographics and demands. Successfully navigating the way ahead cannot be achieved without great people and engaged employees.
Building an employment brand and culture that puts recognition, appreciation and people first is the single most effective way of reducing turnover and attracting the talent that will define future success. Bersin found that companies with effective recognition programs had 31% lower voluntary turnover, and that engaged employees are 87% less likely to leave their jobs. Conversely, 55% of employees stated they would leave their company to join a company with a strong culture of recognition.
The recognition game is changing. The growing number of Millennials (aged 20-32) who now dominate the workforce do not engage with traditional recognition programs. Alarmingly, 90% of recognition programs do not generate adequate engagement to drive intended outcomes
WooBoard is an innovative solution built for today’s workforce. With a social format and a unified Points System that incentivises all engagement actions, it’s a fun, simple and lightweight solution that drives meaningful recognition and makes engagement happen.Take Feature Tour
Powering recognition at leading companies worldwide