Employees want to do more than check tasks off their to-do lists. They want to be appreciated for their hard work and contributions. In fact, when someone takes notice, it can lead to a big boost in morale and on-the-job satisfaction.
Why is Employee Appreciation Important?
Additional Benefits of Employee Appreciation
But employee appreciation goes beyond just making your people feel good in the moment. It also pushes them to continue to work hard to achieve those same results next time around. Over time, they’ll build a stronger skill set, unlocking their potential in the process. This is good not only for their career but for your business and customers too.
When you recognize your employees, they will not only feel valued – but be more loyal, as a result. This is especially crucial at a time when many companies are feeling post-pandemic pain from worker shortages and strong competition for good candidates. The simple act of thanking, praising, and rewarding your people will go a long way in keeping your existing people happy and satisfied on the job.
Finally, when you are an employer who values their people – and works hard to show it – you’ll have an easier time recruiting talented candidates. The best professionals want to work for a company with a culture of recognition, making it simpler for you to attract quality people when you’re looking to recruit and hire. Once they’re on board, this work environment will lead to less stress and frustration, triggering other benefits, like decreased absenteeism.
Still not convinced employee recognition is all that important? Consider this statistic: According to research conducted by Forbes magazine, employers with formal recognition programs have 31% less voluntary turnover than companies that don’t have a program in place. Not only that, but Gallup reports that the #1 reason people leave their jobs is due to lack of recognition. It’s why prioritizing recognition is so important.
So, How Do You Reward Your People?
There are many ways to reward and recognize your staff, from top-down rewards programs from company leaders to peer-to-peer recognition programs, social versus private recognition, and a simple “thanks” for a job well done.
Keep in mind, each employee is unique and will respond differently to various forms of recognition. So what is meaningful for one person, might not be as impactful for another. It’s why getting to know your people on an individual basis and learning about what motivates them is key. Some workers want public recognition, for instance, while others would prefer to keep praise private.
Another way to keep your employees happy is to ensure they’re not overworked and burned out. If this is a challenge due to a staffing shortage, let OneSource Staffing Solutions help. Our staffing agency can find the talented professionals you need for a range of positions, from IT and accounting to technology, customer service, the trades, healthcare, and more. Simply reach out to our team, so we can learn more about your staffing needs and get to work meeting them.