Employee Recognition, Employee Engagement, and Retention - with Hannah Yardley

In this episode, Dan van der Werf interviews Hannah Yardley about employee recognition, employee engagement, and retention.

The key takeaways from this episode:

• Research into the differences between why employees are leaving versus why they are staying has yielded some interesting results. Compensation and benefits are one of the main reasons people consider leaving but are not strong drivers for reasons to stay. Work-life balance and recognition are stronger drivers for why employees stay. 

• When considering total rewards, non-financial rewards are often ignored which is a missed opportunity. Employee recognition is one of the most effective non-financial rewards. 

• The best type of recognition is well-defined, frequent, specific, timely, values-based, and public. Creating a recognition program can be a great way to add structure and buy-in to rewarding and recognizing employees.