Recognition Develops Loyalty

7th Jun 2021

Recognition Develops Loyalty

Did you know that in 2021 there is more managers and highly skilled workers that are prepared to change jobs? According to Fast Company, close to 48% of six-figure salaried workers are “plotting their switch” and 66% feel more confident in a job change than they did 6 months ago. The highly skilled workers they are talking about could be your R&D employees.

Motivators, such as achievement and recognition, especially for your innovative employees, enrich a person’s job and have long-term positive impacts on behavior. Recognition of their ideas and contributions develops a loyalty between employee and employer which leads to higher satisfaction rates with one’s job. The more satisfied someone is at work, the less likely they are to leave in search of another opportunity.

A company's most valuable resource is its employees, and it takes a lot of time, money, and resources to train them. Losing employees can result in projects being disrupted and technical knowledge being lost, many times to competitors. Ensure that you are investing in your most valuable resource and recognizing their contributions, it is a simple solution that can make long-term differences.

If you're just getting started with inventor recognition be sure to request our free Inventor Recognition Guide.