High employee turnover is a multi-billion dollar problem faced by companies all over the world. Research indicates that on average, it costs up to 150% of an employee’s annual salary in lost time and costs to replace them. And despite U.S. employers spending $46B a year on rewards and perks to motivate and retain their employees, it was found that a whopping 79% of employees still don’t feel appreciated and over half are actively looking for new jobs.
Given the increasingly challenging employment environment, Sparck helps companies retain and attract top talent through personalized recognition that celebrates the unique qualities each employee brings to the table. “There is an art and science to recognition that needs to happen to bridge this expensive disconnect,” says Sparck co-founder and CEO Anna Straus. “It needs to be personalized based on each employee’s psychographic profile, it needs to happen at the right time, in the right way, and with the right reward. Fail in any one of these dimensions and the employer ROI goes way down.”
Through its AI-driven personalized recognition and engagement platform, Sparck will equip companies like Teledyne Technologies with the right tools to connect with each of their employees in a way that is most meaningful to them. “Sparck’s personalized approach to recognition is what drew us to their solution. Each of our employees is unique and a one-size-fits-all approach was not conducive to retaining the diverse workplace we are leading today. The power of Sparck is that it allows you to engage on an individual basis,” says Teledyne HR Manager Jennifer Hureaux.
Sparck-driven personalized rewards and recognition programs are capable of not only boosting employee happiness but also business outcomes.
More information about Sparck can be found at https://www.sparckco.com/.
Sparck is a personalized employee recognition and engagement platform that helps employers increase retention and productivity in their unique workplace. It is the only solution that personalizes each recognition experience at the right time, in the right way, with the right reward. Sparck equips managers with the tools and insights to connect with each person in a way that is most meaningful to them. It is a modern approach that reflects how employees live, work, and communicate today.