"The best people have other opportunities elsewhere and who wants to be on an unstable ship, right? So that's exactly the right question," says Deborah Lovich, a Future of Work fellow at BCG Henderson Institute, Boston Consulting Group's think tank.
Well-recognized employees are 45% less likely to leave after two years, according to Gallup's research from 2022-2024. Another study found turnover rates dropped 14.9% when employees received feedback tailored to their strengths.
Our approach to circulating money is one of the ways we model appreciation for each other and show trust in our collective efforts.