In this episode of our Strategy and Leadership Podcast, we talk with Archana Iyer. Archana is the Strategy Director at Weber Shandwick. She is a dreamer, a thinker, and a ‘culture vulture’. Originally from India, she worked for nine years in the advertising industry, and won various awards for her work in advertising strategy. She eventually moved to New York City, where she is currently leading strategy with Weber Shandwick and working with a variety of industries and organizations.
In a survey by OGO, 82% of Americans do not feel recognized for their contributions. Moreover, companies without an employee recognition program report a mean turnover rate 23.4% higher than companies with recognition, according to SHRM’s Globoforce Employee Recognition survey. Many companies struggle with managing their people and culture, but invest very little in the rewards and recognition needed to build it. This blog will highlight key aspects of a successful employee recognition program, and how it can improve engagement, culture, employee retention and ultimately profitability.