Only 23% of employees strongly agree that they get the right amount of recognition for the work they do. Lack of employee recognition can have adverse effects on your business — huge turnover costs, low engagement and productivity, just to name a few.

The bottom line is: creating a culture of effective recognition can boost the success of your business. But why do so many organizations still neglect this or struggle to create one?

Let's walk you through the 4 critical steps you'd need to go through to implement a culture of recognition at your company.

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In this video:
0:00 - Why a recognition culture is important
1:09 - Step 1
1:47 - Step 2
5:24 - Step 3
8:15 - Step 4