Gallup's report highlights the importance of personalized and authentic recognition in today's workplaces. Companies can save up to $16.1 million annually in turnover costs by fostering a culture of recognition. Meaningful recognition is built on five pillars: fulfilling, authentic, equitable, embedded in culture, and personalized. However, it must be tailored to individual preferences—some employees prefer private recognition, while others favor public acknowledgment. Unfortunately, only 10% of employees report being asked how they like to be recognized. Authentic recognition boosts engagement and well-being, especially for employees of color. Personalized, strategic recognition can significantly enhance employee satisfaction and business outcomes.

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