Glad you asked! Let's dive into what can be done to strengthen company culture, grow customer retention, and increase employee satisfaction. Happy employees lead to happy customers.
A lot of companies tend to deprioritize recognition programs. It can be viewed as a 'nice to have' rather than a 'must-have' and therefore doesn't warrant a budget. The truth is, it is just as much of a 'must-have' as the employees that do the work. The critical thing to remember is that a good recognition program will pay for itself with happier employees that are loyal to the company.
Of course, people could leave for other reasons, but reputation stays, and fantastic talent that you are hoping to attract will find out. Rather than spending money on often pointless and barely appreciated snacks or unlimited drinks, invest in the employees' confidence through a recognition program.
Some steps that can help simplify the process of starting a recognition program: