Peer-to-peer recognition is 35.7% more likely to have a positive impact on financial results than manager-only recognition.
In your business, how easy is it for people to recognise or praise others? Do achievements get missed and are some good people left to feel unappreciated?
This isn't just going to impact your staff morale and employee turnover, this is going to hit your bottom line too.
A modern recognition and appreciation system isn't a nice to have, it's a must have.