Is employee recognition worth your time and investment?
The answer to this question is a resounding, non-debatable “yes.” If you have any doubts about making employee appreciation and rewards an integral part of your company culture, kick those thoughts to the curb. Right now.
Honest, authentic recognition can be as small as a personal note or thank-you card or as large as a sizable cash bonus or a shout-out at an important company meeting. What’s essential is that it’s sincere, heartfelt, and tailored to whatever is most meaningful to its recipient.
Here’s a closer look at the benefits:
Increased Employee Satisfaction and Engagement
When you show your employees that you appreciate them and their work, they feel better about what they do every day. As a result, they’re happier, more motivated, and more engaged.
Trust and Mutual Respect
Building a workplace foundation of trust and respect starts with showing appreciation for what others do for you and your organization. When employees know that their efforts contribute to a larger cause and are noticed by their superiors, they feel a deeper connection to leadership and a stronger sense of ownership.
Enhanced Loyalty and Retention
When asked why they were changing career paths, most employees in one U.S. Bureau of Labor Statistics report said they felt either a lack of respect or a lack of autonomy. Providing appropriate recognition to your employees can avoid them becoming part of such woeful statistics – and help keep your top talent around longer.
Great leaders know that they can never give too much recognition, as long as it’s honest and deserved. In the words of HR industry expert Susan M. Heathfield, “Recognition is not a scarce resource. You can’t use it up or run out of it.”
If you need further guidance in creating or improving your employee recognition strategy or building your winning workforce through effective sourcing, recruitment, and talent management, read our related posts or contact PrideStaff Modesto today.