Why is employee recognition important




















The good news? It doesn't have to be this way. And it doesn't take insane perks and company trips to the Bahamas. Employee engagement is something a lot of companies struggle with.

How can you keep your people enthusiastic about their jobs, even after the newness wears off, and they've shown what they're capable of? By not taking those capabilities for granted. Employees who are disengaged often don't see the value of their work, and that's often due to their work simply not being valued. Sure, they get paid, but everyone does. In addition to that, we all want to feel a bit special. If your employees are disengaged, this can quickly seep into your workplace culture, creating a negative vibe.

People can do the bare minimum or less because they feel it doesn't really matter, and customers are faced with lethargic employees who are clearly ready to go home. Turn that frown upside down by making recognitions part of your employee engagement strategy. Truly engaged employees will lift your business to the next level, by presenting the best version of themselves.

Are you struggling with retaining your best employees? Sit down with your team and find out what the issue is. Oftentimes, it's the lack of appreciation and recognition. Your employee retention efforts actually start during your hiring process, and it's something you should keep working on every day.

Employee recognition as a baseline in your business is something that could help you turn your staff problems around. It's much cheaper to regularly reward an employee than to replace them. That new employee could one day be an industry expert. A key part of the Perkbox platform is Celebration hub. It allows peers to give each other recognition, which is often considered even more powerful and meaningful than when it only comes from the higher-ups.

Last but definitely not least - employee recognition will help employees understand how their work ties into the bigger picture. If you reward them for actions related especially to the values and purpose of your business - rather than just for sales and speed - you will help people see why what they do is important and meaningful.

You don't suddenly have to make a wall of fame for the Employee of the Month, and you don't need to walk around giving random pats on the back every hour. You can make recognition and rewards easier for everyone involved by working with a simple tool. If you don't have a recognition program, make sure you're at least getting creative about showing appreciation. Generic and inauthentic recognition strategies can have a negative effect on the employee experience.

Pro Tip : Match effort and results, or else recognition loses meaning. Awards, compensation, and incentives are good appreciation ideas, but make sure they aren't your only outlet for recognizing employees.

Consider an investment in user-friendly employee recognition software to make every aspect of your employee recognition more efficient, more accessible, and more personable. Pro Tip : Choose the right employee recognition platform. Do you believe in the importance of employee recognition? Are you ready to reap the benefits? Download our research on Recognition in the Workplace for breakthrough secrets and stats. Natalie Wickham June 10, 3 minute read.

This article will cover the importance of employee recognition, plus: The connection between employee recognition and engagement 8 employee recognition statistics The connection between employee recognition and engagement Aspects such as performance, goals, recognition, development, and manager effectiveness are all inextricably linked to employee engagement.

Other items related to recognition that drive employee engagement, include: The senior leaders of this organization value people as their most important resource. I understand how my job helps the organization achieve success. Benefits of employee recognition Employee appreciation is a fundamental human need. Here are a few other benefits of employee recognition: Increased productivity and engagement Decreased employee turnover Greater employee satisfaction and enjoyment of work Improved team culture Higher loyalty and satisfaction scores from customers Increased retention of quality employees Decreased stress and absenteeism 8 employee recognition statistics Employees want to feel valued at work.

The 1 reason most people leave their jobs is a lack of recognition. Pro Tip : Authentically recognize employees in real-time. Source: Bersin by Deloitte If your organization doesn't have a formal recognition program, there are a few ways to start. Organizations with recognition programs in place experience Pro Tip : Make recognition public and easy to give.

Organizations with sophisticated recognition programs are 12x more likely to have strong business outcomes. Being recognized gives your staff the feeling of job mastery and that they are a great fit for their role and for the company. Acknowledgment can also improve productivity , enhance loyalty, and promote collaboration.

To add, the workplace should be an environment where positive reinforcement is promoted and constructive feedback is embraced. Hiring your staff only marks the beginning of the employee cycle.

Next, you need to train, develop, motivate to them to perform, and ultimately, keep them. The answer — incentive programs. Employee retention is the ability of an organization to retain its employees. Employee rewards and recognition is one of the possible approaches to retain your staff. One example can be financial incentives such as raises, bonuses, and stock options.

Employee recognition gifts are also a great plus — for example, a gift card from their favorite store or a token of appreciation for every five years of service.

Incentive programs as means of employee recognition in the workplace is a great way to show appreciation for your employees, keep them motivated, and make them stay. Another benefit of employee recognition in the workplace is that it can be the foundation of cultivating a culture of self-improvement. One of the best ways for staff recognition is to provide them with opportunities to learn and make themselves better at what they do.

To take it a step further, it will also be great to incentivize learning — reward those who have taken the time to focus on self-improvement. A simple greeting before and at the end of the day is an obvious but sometimes overlooked form of recognition. Saying a sincere thank you and apologizing for some misunderstanding can be subtle ways of showing appreciation and respect.

These small gestures may seem quite trivial.



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