In today s changing marketplace employee loyalty is critical. You spend time and money training your employees and yet the average employee will change careers at least once in their lifetime and most will change jobs numerous times. In research and development fields losing employees who work on top secret projects can prove to be especially costly as projects are interrupted and knowledge is transferred to your competition. Studies have shown that one way you can maintain employee loyalty is to reward your employees for their accomplishments. According to Robert Half International, a staffing company, the number one reason people give for leaving a company is a lack of praise and recognition.
Every company has a different way of recognizing their employees.
Just as no two companies are the same, not every recognition program will be the same. The important thing is that your employees feel that they are an important part of your company. If you are would like to explore how an inventor recognition program could help you increase your inventor s loyalty, consider starting a program specifically designed to recognize their accomplishments and contributions to your company.