How can companies effectively measure the impact of their recognition and rewards program on employee engagement and retention, and make data-driven decisions to continuously improve the program over time?

Companies can measure the impact of their recognition and rewards program on employee engagement and retention by collecting feedback through surveys, analyzing turnover rates, and tracking performance metrics. They can use data analytics tools to identify trends and patterns in employee behavior and satisfaction. By regularly reviewing this data, companies can make informed decisions to adjust the program to better meet the needs and preferences of their employees, ultimately improving engagement and retention rates over time.