According to studies by the Society for Human Research Management (SHRM), retaining valuable and talented employees is the most challenging issue employers are faced with today. For this reason, companies are increasingly adopting employee recognition programs in an effort to reduce employee turnover and allow managers to focus on their core jobs. Effective retention practices that recognize employee achievements keep employees focused and excited about their careers. As an added and unexpected benefit, many businesses who invest in their employees through retention programs report that their efforts were also successful in instilling corporate values, strengthening employer branding and motivating employees to meet and exceed development goals. Accordingly, employers should ask themselves if they have the time, budget, resources and culture to support recognition practices. Learn more in SHRM's article.