Paper people cutouts employees who receive recognition only a few times a year from management or leadership are significantly less engaged, with 74% more likely to say they do not plan to be with the organization in one year. (Photo: Shutterstock)

Workplace recognition is vital to the productivity and happiness of employees, yet the majority of employers do not have a recognition program for workers, a new report says.

The report, released by Workhuman and Gallup, calls recognition a core human element of work, one that makes a big difference to workers… and to a company’s bottom line. The report estimated that a large employer (10,000 employees) can save up to $16.1 million annually in turnover costs if they have an effective recognition program.

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