Your employees are critical to your company’s success. Their teamwork, their dedication and their creativity make all the difference. That’s why it’s absolutely vital to recognize your employees.
Acknowledging employees contributes to a positive office culture, encourages employee retention and makes everyone happier to come to work.
Read on to learn more about why employee recognition is so important.
- It’s the carrot, not the stick: Think the best way to motivate your employees to work hard is to make them worry they’ll lose their jobs if they don’t? Think again. A recent study by Glassdoor indicates that fewer than 40 percent of employees would work harder for a demanding boss who makes them feel like their jobs are threatened. On the other hand, more than 80 percent said they’d work harder for a boss who shows appreciation for their work.
- Avoid the revolving door: The same study showed that more than half of workers would be motivated to stay longer at their company if they received more recognition from their bosses. If you want to avoid the costly process of training new employees, it pays to invest in employee recognition for the workers you’ve already got.
Keep in mind that employee recognition doesn’t have to mean money, especially if your budget is tight. An extra vacation day here and there, tickets to a show, a company-sponsored social activity or simply saying thank you are also effective.
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