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Appreciation and recognition should be embedded in workplace culture to improve employee retention in organizations, according to a new report, which warned of the huge cost of attrition as neglected employees seek new jobs.
The latest report from the Achievers Workforce Institute (AWI) warned that the estimated cost of attrition in the United States for next year could reach between $1.3 trillion and $5.1 trillion based on median salary and standard replacement ranges.
The huge cost comes as 34% of employees plan to get a new job in 2026, while just 25% of employees envision a long career with their current company.
"The takeaway is simple: appreciation isn't optional – it's a strategic lever for engagement and retention," the report read. "When appreciation is embedded in culture, engagement follows – and so does retention."
According to the report, some of the steps that employers can take to embed appreciation in the workplace include:
The report also stressed that managers should be equipped with the skills to lead with recognition and support. They can start by:
"Because when managers recognise and support their teams, employees don't just stay – they succeed," the report read.
The findings come as a previous report from AWI warn that recognition is at risk of "disappearing" in workplaces.
It revealed that only 23% of employees felt meaningfully recognised at work, and only 15% felt recognised weekly.
"Recognition from managers – the most impactful source – also dropped from 20% to just 15%," the previous report warned.
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