Companies with established recognition programs have 31% lower turnover rates, and 41% of companies that have such a program set in place report higher customer satisfaction. Statistics may not answer life’s most burning questions, but numbers don’t lie.
Ford isn’t a Human Resources company. It makes cars. To make those cars and sell them, it needs people as much as it needs the robots on the assembly line. Unlike machines, people have morale. They are driven not by electric current, but by motivation. And motivation comes from within. So how do you get people to love what they do? Easy!
Companies competing in the technology sector are – to put it mildly – smart. They not only make the world go round, but they also set the tone for the future through their unique taste in architecture, collaboration and HR practices.
Employers today have to struggle to wow applicants with bold office designs, mild policies and a long list of benefits. For tech companies, the workforce is the most important asset. Without the people, there is no product or service, no matter how brilliant the company’s management might be.