Survey: Recognition isn't enough for retention

In a rough economy, many managers turn to formal and informal recognition efforts to boost morale and retention. But think patting someone on the back for a job well done is an effective retention strategy? A new survey says think again.
A recent poll by IT research firm Gartner asked technology pros to rate which perk was most important to them, and most likely to keep them in their current jobs: job security, company-funded training and certification courses, flexible work hours, or recognition from upper management.
The results: 35% said job security was number one. Training and flexibility came in a close second and third, respectively, with 32% and 31% of the votes.
Very few (2%) feel recognition is most important.
These days, job security can’t be easily guaranteed, and there’s little room in most companies’ budgets for extra training. But flexibility is a cheap benefit that can be offered in many cases. And going the extra mile to provide training could be worth it in some cases to retain top-performing employees.