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