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Fremont, CA: Employees who feel appreciated are more engaged, driven, and willing to go above and beyond for their employer. Even though they are aware of employee recognition's influence on employee and business performance, some firms still neglect to recognize their employees.
Employees want to get treated with respect at work. They want to get recognized for their contributions to the success of the team and the organization. While vital, recognition isn't only about increasing employee engagement and making them feel good about their work. It may be a differentiator in an organization's employee value offer, influencing an employee's decision to stay.
Let's look at a few of the facts that show how important employee appreciation is for individual, team, and corporate success.
Lack of recognition is the most common cause for people to abandon their careers.
Don't pass up the chance to thank the personnel. Celebrate employee achievements and progress throughout the employee cycle to show that they care about their professional development and success. Recognizing them regularly demonstrates that the company wants to keep them motivated to achieve future goals.
Organizations that have recognition programs had a 31percent lower voluntary turnover rate than those that didn't.
There are a few methods to get started if the company doesn't have a formal recognition program. If the company does, make sure the staff is aware of it and how they may participate. Find out if company staff feel appreciated and how they can enhance their approach by holding one-on-one meetings or conducting employee surveys.
Organizations that have recognition programs in place have a 28.6 percent lower level of irritation than those that don't.
It isn't just about accomplishment and achieving goals that should get celebrated. A strategic recognition program may help companies effortlessly recognize micro-moments along the road, like great work, taking on additional responsibilities, or going above and above for their team.
Organizations with effective recognition programs have a 12x higher chance of achieving positive business outcomes.
One-on-ones, feedback, and talent appraisals should all include recognition. Incorporating employee appreciation into regular performance discussions helps cement the value of employee recognition in the culture and business. Employees are more inclined to give again if they understand how their efforts benefit the organization (and are appreciated).