Voluntary turnover is a costly issue, with businesses spending trillions annually on turnover costs. Research shows that recognized employees are less likely to leave. Employees with strong recognition experiences have lower turnover, increased engagement, and greater wellbeing. Those who receive and give recognition are particularly loyal, with turnover dropping to 7%. Recognition from both peers and managers further reduces turnover. Properly funding recognition programs—especially those aligned with core values—leads to improved retention, better culture, and higher ROI, making recognition a key strategy to reduce turnover.

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