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The Power of Recognition in a Recession

The Power of Recognition in a Recession

Pages 11 Pages

During times of economic uncertainty, creating a culture of recognition is crucial for maintaining employee connection and engagement. Research shows employees with meaningful workplace connections are more likely to remain engaged and less likely to leave. In recessions, recognition programs help foster trust, compassion, and hope, with small, frequent rewards proving more impactful than cash bonuses. Aligning recognition with company values boosts morale and reinforces a sense of purpose. Frequent recognition improves performance, increases trust in leadership, and helps businesses remain agile, ultimately driving long-term success and higher returns on assets and sales.

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