By bolstering recognition programs, organizations may be able to retain top talent and slash turnover rates. For the most part, the traditional model of recognition has been tenure-based. This means those who stay with a company the longest will be eventually rewarded with some form of recognition, regardless of performance. However, companies are shifting to a more performance-based model, with positive results. According to a recent study, 90 percent of responding organizations reported that value-based recognition programs had a positive impact on their levels of engagement, and 66 percent said these programs are helping their brands grow. Recognizing top performers is also an essential step in boosting retention. According to the report, as the economy continues to recover, more and more employees are looking for new jobs. “A strengthening job market means that more jobs are being filled, and many previously cautious employees may jump back into an active job search,” the report states. “Companies will need to take steps to ensure they don’t lose valuable employees in the coming year.”