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Why Recognition of New Hires is So Critical

  • Madison
  • Feb 5, 2021
  • 1 min read

November 19, 2015 | By Mike Ryan


Starting any new job can be hard. Employees often struggle to make connections, understand their role and develop relationships. Almost one third of all new hires will quit within the first year. About half will leave within the first 18 months.


So why do so many new workers leave so quickly? And what’s the best way to remedy any of the adjustment issues new workers go through?


In this month’s Performance Perspective, Mike Ryan explores:

  • Why recognition of new hires is so critical

  • The importance of establishing connections early

  • Why new employees need to taste success early (and often)

  • How Madison makes that all happen with Maestro, the most configurable cloud-based SaaS Social Recognition Technology


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ABOUT THE COMPANY

​Nearly five decades ago, our founder, Werner Haase, started Madison in 1975. Beginning as an incentive company, Madison had the first internet-based sales contest in 1995, followed a few years later by the first consolidated recognition web portal application.

 

Madison has evolved through consistent organic growth from a starter incentive company in the 1970s to a leading global social employee recognition and incentive company.  

Madison is a proud Employee Stock Ownership Plan (ESOP) company. Through our ESOP, employees earn shares in the company over time, creating an added retirement benefit that grows alongside Madison’s success. With ownership comes a deeper commitment in the work we do and the clients we serve.

 

Partnering with an ESOP company means working with people who truly care—because when we succeed, we all share in the rewards.

CONTACT

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New York, NY 10017

212-758-4385

info@madisonpg.com

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