In today’s workplace, employee appreciation is more important than ever. The reason for this is that, particularly in the case of remote work, employees want to feel appreciated. And should they fail to accomplish so, they might give up and never look back. For this reason, nearly half of the American workers quit their jobs. Some claim they would put in more effort if they thought management valued what they contributed. There are other factors at play as well besides managers’ thankfulness. Recognized employees become more engaged and connected at work.Here are a few justifications for why recognizing your employees is more important than ever.
Why Employee Engagement Matters
Employers who have happy employees are more successful. More engaged employees work for companies that excel in customer experience. Investing in employee experience influences customer experience and the potential return on investment for the business. According to Workhuman, recognition is a fundamental “human” component of the employee experience that motivates worker retention, engagement and performance. It is not only great to have employee engagement and recognition. The most popular statistic shows unequivocally that customers would shop elsewhere if you don’t value the experience of your employees: Businesses with highly engaged staff outperform their rivals.
Thus, how precisely do you invest in your employees’ experiences and engagement? Please understand one thing: Engagement among employees lasts throughout time. Birthdays and a warm welcome to new hires are just the beginning. To feel inspired, empowered, and trusted to perform their duties, it must be a continual program driven by employees at all levels.
How Employee Recognition Help
A large percentage of office workers are experiencing burnout. Burnout and a lack of enthusiasm for returning to work together create the perfect storm for absence. Searches on Google for “pardon me, boss” have surged in the past years. But, expressing appreciation for a well done job may do wonders for morale. Regular expressions of gratitude keep employees invested in the company’s mission, increasing their enthusiasm for coming to work daily.
More Effort and Output
When workers feel appreciated, they are more invested in their work. There is a 2.7 fold increase in employees’ likelihood of becoming highly engaged when they feel that their efforts will be noticed by management. Employees report that they would be more engaged if they felt more appreciated for their work. Recognition has a significant positive effect on employee engagement, which in turn boosts productivity on the job. Indeed, companies with recognition programs have more engaged, productive, and successful workers than those without.
Enhanced Capacity to Retain Employees and Attract New Ones
Six to nine months of compensation is the typical cost to replace an employee. This might soon build up when some workers leave their positions and take their teams with them. Employees who feel valued by their employers are less inclined to explore fresh opportunities elsewhere. Human resources experts generally agreed that employee appreciation positively affects retention, and some even said it aids recruitment.
Companies would be wise not to discount the impact of workplace recognition. Influential leaders possess this vital skill, significantly impacting employee output, satisfaction, and loyalty. Many leaders, however, only do so occasionally, if at all. As a formula, it couldn’t be easier to understand. Make work so enjoyable that employees have no desire to leave, and they won’t.