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HRO TODAY Nov 2013

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Recognition The Earlier the Better Seven key steps to recognizing—and retaining— employees during their first year. By Cord Himelstein The act of recognizing employees early in their careers helps encourage engagement, retention, and a meaningful connection to organizational goals. the lowest in leisure and hospitality services (2.4 years). Millennial workers aged 25 to 34 reported the lowest overall average tenure of 3.2 years. Retaining employees within the first five years of service can be a challenge. According to the Bureau of Labor Statistics, the average job tenure of American workers across all industries is 4.6 years, with the highest levels of retention occurring in the public sector (7.8 years) and In light of these trends, it is surprising to find in a recent survey that while an overwhelming majority of organizations (91 percent) utilize reward and recognition programs to honor tenure-based awards, only 12 percent include an early recognition element. NOVEMBER 2013 | www.hrotoday.com [63]

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