How can incorporating recognition and celebration of individual achievements into a company's culture impact overall employee engagement and retention rates?

Incorporating recognition and celebration of individual achievements into a company's culture can boost employee morale and motivation by making employees feel valued and appreciated. This can lead to increased job satisfaction, productivity, and loyalty, ultimately improving employee engagement. Recognizing and celebrating individual achievements also creates a positive work environment that fosters a sense of community and camaraderie among employees, which can contribute to higher retention rates as employees are more likely to stay with a company where they feel recognized and supported.