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Companies are always looking for ways to increase their productivity and reduce expenses.  Now, a new study from Gallup and Workhuman, a human resources software company, suggests that there’s a relatively easy way for organizations to improve their return on investment: employee recognition.

According to the report “Amplifying Wellbeing at Work and Beyond Through the Power of Recognition,” which was based on a study of 12,000 employees in 12 countries, positive employee recognition reduces burnout and improves performance. On the other hand, a lack of recognition can lead to financial losses: currently, some $20 billion is lost per 10,000 workers due to low wellbeing and subsequent low performance, for a total figure of $322 billion.

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