Last month, the U.S. unemployment rate fell to 3.9% – the lowest it’s been since late 2000. As you can see in the Bureau of Labor Statistics chart to the right, the rate has been steadily falling since 2010. It’s more than a number, of course. This is a culture shift. Job seekers and employees no longer need to settle and employers are scrambling.
Case in point: Have you tried to fill an open role lately? I’ve heard so many stories from friends and colleagues who simply cannot find qualified people for roles that just a few years ago would have received hundreds of resumés. Beyond recruiting, this job market is also forcing many organizations to take a hard look at their culture and how it’s impacting turnover and retention.
There is good news. One of the most effective ways to set your culture apart from a recruiting and retention perspective is through a social recognition program. But how can you get senior leadership sold and on board? How can you secure budget to ensure your program is well-funded?
If you’re looking for answers, you are not alone! I invite you to join our webinar tomorrow at 2 p.m. EST: 5 Ways to Secure Budget & Build a Business Case for Recognition. My colleagues Rob Schmitter and Melanie Schrems will discuss:
- Rock-solid data points that demonstrate proven ROI and help you get executive buy-in on the connection between recognition, voluntary turnover, and performance
- How to streamline tucked away, ad hoc, and informal recognition programs hiding in the nooks of your organization
- Tactics for taking stock of your total rewards inventory to deliver a better employee experience
Rob and Melanie will also share examples of companies in various industries that have used social recognition to make a tangible impact on retention and engagement. This is a must-attend event for anyone looking to build a more human work culture in their organization.
Don’t forget to register here!
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