Employee Recognition and Retention Trends for 2024



Keeping employees engaged through meaningful rewards and recognition will continue to be vital in 2024. However, the tactics that are most effective may change. Explore the top trends for employee recognition programs in 2024.

Recognition as a Part of DEI

Your diversity, equity, and inclusion (DEI) programs should go hand-in-hand with your recognition programs. DEI initiatives can help highlight areas of contention and inequality within your existing recognition programs, as well as provide insights as to where to improve.

Related Content: Why Employee Recognition Should Be Part of Your DEI Program

Individualized Rewards

A one-size-fits-all approach to rewards isn’t going to cut it in 2024. What may be of high-value to one person is a useless trinket to another. Choose customized rewards based on the employee - this will ensure that what you give is actually meaningful to your recipient. When in doubt, make it easy: let the winners pick what they want.

Related Content: Why You Should Let Employees Pick Their Recognition Gifts

High-Frequency Recognition

Many recognition programs fall into the pattern of “too much, too late.” The end of the year is typically full of honors and rewards being dealt out, but the rest of the year employees have nothing tangible. High-frequency programs allow employees to reach milestones throughout the year and remain engaged regularly. 

Related Content: Create an Employee Recognition Program That Works

Instant Rewards

Alongside more frequent acknowledgement, make it easier for employees to access their rewards right away. Using a company store, you can implement a simple points system where recognition accrues points that can be redeemed in exchange for a cash value. This lets employees pick what they want, when they want it.

Related Content: 6 Reasons You Need a Company Store

Recognition trends in 2024 will be much more personalized, frequent, and even instantaneous. Hop on these trends early to retain and engage employees in your organization throughout the year.

Employee Recognition with QRG

Our meaningful recognition solutions can help strengthen connections between employees and employers which creates a strong sense of community, leading to increased satisfaction and loyalty. Check out QRG’s recognition and retention solutions and contact an account executive for help starting a program at your company.

 


QRG is a customer-driven, single-source commercial printer, branded merchandise agency, and direct marketing firm tailored to meet your business goals. Our corporate identity solutions create deep connections with a lasting impact on your audience. Learn more about how it works and check out our website for more information.

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