Organizations who invest in WorkTango typically see higher employee engagement, decreased turnover, and increased tenure as a result of their investment. According to Gallup, the cost of replacing one employee can range from 1.5-2X the employee’s annual salary. High turnover can therefore get pricey very quickly. Companies with recognition programs have 31% lower voluntary turnover than those without such programs (Bersin). In fact, one WorkTango customer, Arrowhead, reduced turnover by 49% after implementing WorkTango. In addition to reducing turnover, switching to a consolidated Employee Recognition & Rewards platform saves organizations 15-20% on average on existing rewards budgets. Read this short article for more examples and ways to quantify the ROI of WorkTango’s Recognition & Rewards software.