As business owners, managers, and leaders; it is important to show your employees some love. What are you doing to show them your appreciation? Are you simply providing them with a paycheck (which studies have shown is not enough to make employees feel valued), or are you doing more?

Research has shown that many managers and leaders fail to show their employees sufficient recognition. According to Gallup, only 67% of leaders and 61% of managers give recognition to their team members at least a few times a week. However,  “40% of employees reported receiving recognition only a few times a year or less”.

So, it’s undeniable that employee recognition is a powerful tool to help you show your employees that you value them for who they are and what they do.

What are the benefits of employee recognition?

First, it helps improve morale in the workplace and encourages job satisfaction. When employees feel appreciated, they are more likely to be satisfied with their jobs and less likely to look for other employment. Thereby increasing retention and loyalty.

Additionally, employee recognition can boost productivity. If employees feel that their efforts are being recognized and appreciated, they are more likely to work harder and be more productive and companies see increased productivity and efficiency.

Finally, employee recognition and appreciation can help build a positive company culture as employees work together to achieve goals and be recognized for their achievements.

Tips for Employee Recognition

There are a few things to keep in mind when giving employee recognition.

1. Be sincere and genuine in your praise.
2. Avoid making comparisons to other employees as this can lead to feelings of insecurity or competition.
3. Consider the method of recognition and be sure to recognize employees in a way that is meaningful to them. By showing your appreciation in a way that is significant to the individual, you are more likely to boost morale and create a positive work environment.
4. Avoid using recognition as an incentive to increase productivity as this is likely to backfire. All recognition should be given to employees as appreciation of a job well done and not with the purpose of increasing productivity. Studies have shown that focusing on rewards will only hurt your team’s performance in the end — even if it works in the short-term. Instead of doling out rewards, focus on giving employees opportunities to learn and grow.

Conclusion

The power of recognition should not be underestimated. When done well, it can have a profound impact on employees, making them more likely to feel connected to company culture and more engaged. Engaged employees are usually more productive, enthusiastic and involved in their work, which benefits the workplace as a whole.

We offer Employee Engagement & Solutions Programs, as well as Human Resources Strategy & Consulting Services. If you are seeking to improve your employee engagement or would like to set up an employee recognition program, we are here to support you. Book a Discovery Call today or contact us at [email protected].