Labcorp supports diagnostic testing and drug development with approximately 71,000 employees across 17 countries, including a large frontline workforce of about 40,000. In January 2025, the company launched Awardco to bring dozens of recognition programs into a shared experience and make recognition easier to give across the organization.

In the first year employees sent 443,000 awards, and 69,000 employees received at least one. Their annual survey showed that engagement scores rose by 4 points, inclusion by 5, and well-being by 4, while voluntary attrition fell 2 points.

Results at a glance

• 53% lower first-year turnover correlation for recognized new hires
• Over 750 administrative hours saved on fitness reimbursements alone
• Engagement +4 points, inclusion +5, well-being +4; voluntary attrition down 2 points