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The end of February sees the jobs market continuing to be tight, though some soft spots are starting to show (hiring has moderated somewhat, and wage growth is high but cooling). It’s not enough, however, for the Federal Reserve to discontinue the cadence of interest rate hikes.

If there is one thing that will improve the effectiveness of recognition in your organization, it’s undoubtedly giving recognition to people more often. Put the following practices into place, so you can increase the number of times recognition happens in your organization: 

Faced with continued low unemployment, wage growth and unprecedented talent acquisition and retention challenges, HR leaders will be forced to do more with less in 2023. Our latest eBook, Overcoming Talent Challenges on the Road Ahead, provides expert advice on how to optimize recruiting, preboarding, onboarding, employee engagement and employee recognition programs.

Despite concerns about slowing economic activity, hiring remains strong as we enter the third quarter of 2022. Organizations that have yet to adopt holistic strategies for creating compelling career experiences for employees will face ongoing challenges in finding and keeping talent. Our latest e-book, How Can HR Overcome the Current Talent Crisis?, presents 18 ideas to improve your organization’s ability to attract, onboard, motivate and retain employees.