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EFFORT

LOYALTY

ACHIEVEMENT

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Recognising Pays Dividends


In the UK, 82% of consumers belong to at least one reward scheme. These statistics underscore the importance of well-designed loyalty programs in enhancing customer satisfaction, retention, and overall business performance (source Mintel Research). 

Republiq Rewards - Recognition works in many ways, from B2B incentives to Staff Rewards and Recognition. Staff and team reward loyalty programmes bring many benefits to Republiq customers and members, supporting:

  • Reduced Staff Turnover: Companies with effective employee rewards and recognition programs see a 31% decrease in voluntary turnover.


  • Increased Performance: These programs can lead to an 11.1% increase in average employee performance.


  • Employee Satisfaction: 82% of employees feel more satisfied with their jobs when they receive recognition and rewards.


  • Retention: 94% of employees are more likely to stay with a company that invests in their development.


  • Cost Savings: A culture of recognition can save a 10,000-employee organization up to $16.1 million annually in turnover costs.


  • Engagement: 63% of employees who are “always” or “usually” recognized are “extremely unlikely” to look for work in the next 3–6 months.




Sources Vega HR, MyShortLister, CIPD