Employee Appreciation & Perks

Employee Appreciation
Employee Appreciation

Studies show that 81% of companies use recognition in one form or another as a method to retain employees. Employees who feel recognized while at work are twice as likely to stay at a company compared to those who do not. Showing appreciation to your employees can save employers time and money by reducing employee turnover and recruitment costs.

Formal and Informal Recognition Programs

Formal Recognition Programs:

  • Team Incentives
  • Employee Performance Reviews
  • Bonuses or Merit-based Pay

Informal Recognition Programs:

  • Words of Praise
  • Small Acknowledgments
  • Thanking Employees
  • Appreciation Lunches/BBQ’s

Perks to Retain Employees

There are various methods to retain employees that go beyond recognition such as offering:

  • 4-Day work week
  • Flex hours
  • Health Care Spending Account (HCSA)
  • Generous time off allotments
  • Gym or fitness reimbursement
  • Team building activities
  • Educational opportunities
  • Tool or clothing discounts

Employee Appreciation & Perks

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Need support? Reach out to the team of professionals at The OI Group for help navigating Canadian employment relationships.

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