Humans have a basic need for affirmation and praise. It makes them feel loved and appreciated. This is true in both their personal and professional lives. Thoughtful, aware, savvy, employers have long understood showing employees you appreciate what they do improves their self confidence, motivates them to do and achieve more and makes them more of an asset to the company. Sam Walton, the founder of Walmart, considers his greatest asset to be his ability to arouse the enthusiasm of his staff by showing his hearty appreciation for what they do by lavishing them with praise.
Praise, Recognition And Appreciation Matters
Employee recognition programs results in better employee engagement, makes employees more likely to recognize and acknowledge their peers and superiors' personal and work related achievements and makes them work harder and be more productive. For about 90% of workers, knowing their good work is not going unnoticed it makes them less likely to leave the company. This benefits the company because hiring and training replacement workers is expensive and result in lower productivity until the new worker becomes familiar with their tasks.
Different Types Of Employee Recognition Programs
All employees don't need or respond to the same type of recognition. While some enjoy public acknowledgement of their work, others prefer if management and their peers show their appreciation in more private ways. Some company enhance their workplace culture by introducing in-house peer to peer recognition programs and a variety of other types of employee recognition programs. Many companies have instituted an employee perks program designed to reward and motivate their employees and enhance their growth and development.
The Importance Of Employee Feedback
Giving and receiving employee feedback helps to develop and enhance a positive workplace culture. When employees consistently receive positive feedback from their peers and supervisors, they tend to become more engaged and productive and less likely to leave the company. Recognition matters. It can amplify their feeling of achievement. Positive feedback can help employees maximize their skills and talents. The key is to employ the right employee feedback tools to motivate employees to work to help both themselves and the organization reach their full potential.
What Is Employee Recognition
Employee recognition is offering acknowledgement and praise to employees based on their behavior and achievements. Many organizations use employee recognition as a way to reinforce desired behaviors, express their appreciation for a job well done and to motivate employees to continue to work hard. When it's regular, authentic and deserved, employee recognition can help unlock a worker's full potential. It can move them to put their heart and soul into the preparation, presentation and execution of every project to make it something of which they will be proud. That uplifting feeling that comes with an important accomplishment is multiplied exponentially when the worker's peers and management notice and acknowledge it.
Benefits Of Authentic Employee Recognition
Authentic employee recognition provides many important and valuable benefits. It can help to provide a major boost to an employee's morale and help to improve their performance. When companies reward employees for their contributions, it makes them feel more connected to the organization and makes them more willing to put just as much thought, planning and hard work into their next project. A growing number of companies have come to realize that authentic employee recognition can make a significant improvement in employee satisfaction, engagement and retention rates.
Employee Recognition Serves Many Purposes
Regularly recognizing employees for their quality work is not only a top driver of employee engagement, for many employees going to work each day in a company where your skills and dedication is recognized, acknowledged and rewarded is awesome. This has led to the growth in the use of employee feedback tools which provide information that can be used to design a more effective employee perks program. By paying attention to employee feedback, organizations will have a clearer understanding of the kind of perks employees want and for which they will routinely put in more time and energy at work.
Employee Recognition Best Practices
There are a number of excellent methods and techniques companies can employ to enhance the effectiveness of their use of employee recognition and create a more cohesive, exciting, productive and attractive workplace culture. Three employee recognition best practices include the use of an incentive laden employee recognition program, meaningful peer to peer recognition programs and a good employee perks program based on information gleaned from open and honest feedback from employees. Using these three methodologies separately and in tandem helps to make employees excited to got to work and do their best.
Results Of Recognition In The Workplace
When meaningful, authentic, employee recognition is regularly shared in the workplace, it leads to several very desirable results. It showcases personal and professional goal achievement and makes employees feel good about themselves and their workplace. Employee recognition that celebrates employees' strong effort when they go the extra mile helps to create an emotional connection between the employee, their coworkers and the company that fuels the drive for excellence in the workplace.
The Power Of Positive Recognition
Positively recognizing the actions and achievements of employees who work hard and do great things reinforces what is important to and valued by the organization. Those recognized and rewarded actions are more likely to be repeated and become part of the company's culture. How that person is recognized makes the gesture even more powerful. Whether it is done publicly or privately, the validation is offered by both peers and higher ups, it's both attributed and anonymous and is given for both a specific behavior or an achievement, it will be deeply appreciated by the employee.
Some Revealing Statistics
Employee recognition in the workplace is very important. It stabilizes the workplace and reduces employee turnover. According to the U.S. Bureau of Labor and Statistics, a vast majority of workers who changed jobs cited lack of employee recognition as one of the reasons. Plus, almost 90% of workers who regularly received recognition said they are happier at work. Research shows happy employees tend to be 12% more productive on average. Employee recognition also reduces employee stress and absenteeism. It also leads to less tardiness and fewer sick days. Recognition also leads nearly 90% of employees to trust their bosses. They also work harder, more efficiently and remain in their jobs longer. Workplaces with an employee recognition program tends to attract top employment candidates. It also increases employee engagement by 60%.
Enhancing Employee Satisfaction Through Recognition
Authentic, regular, meaningful, employee recognition can improve the culture in any workplace. One way is to encourage employees to nominate other members of the staff for recognition. This motivates them to look for the good in their coworkers and identify the valuable contributions they make to the organization. They can use peer to peer recognition programs and employee feedback tools. A good salary is no longer enough to keep workers happy, motivated and engaged. Employee recognition, praise and rewards are essential to keep them satisfied and help them deliver greater results.
Recognizing Strong Performance And Great Achievements
When modern employees regularly receive praise for superior performance, they are happier and more productive. But how you successfully put employee recognition into practice can vary from one workplace to another depending on the employee's personality and the organization's culture. The key is to show employees appreciation all year long to make them feel valued. Make it part of the foundation of your workplace. Don't only do it on National Employee Appreciation Day.
Build a culture people are proud of without breaking the bank