We’ll talk about employee recognition and how it can help your employees grow professionally in this blog.. Author Ian Hutchinson, in his book “People Glue,” expressed it best:
“It’s your people that are your most valuable assets. Priority should be given to taking care of your employees, then your consumers.”
To keep up the righteous work, your staff need to feel appreciated. To develop a long-term business, you must have a positive working connection with your workforce.
In the long run, respect between employers and employees improves productivity because it fosters stronger working relationships.
So, what can you do to keep your staff motivated and grow professionally while they’re at work?
Rewarding and recognizing their efforts frequently is a superb method to foster this.
Let’s start with a definition, shall we?
Honoring someone’s additional effort or successes is a great way to show your thanks, and this is known as recognition.
Employee recognition programs, as the name implies, are put together by organizations to acknowledge, respect, and reward their employees for their devotion, hard work, and accomplishments.
Moreover, these programs are referred to as “Rewards and Recognition Programs” since they primarily provide recognition in the form of rewards.
Before now, companies only allowed the following types of recognition programs:
- Programs for recognizing employees.
- Month-to-month awards for employees.
- Small events were organized to express gratitude to the personnel.
Most firms today have unique recognition programs like a point system or social wall. It encourages employees to nominate their coworkers for awards and recognition.
Over the years, recognition programs have grown in popularity for a variety of reasons. These initiatives benefit both employees and the companies that employ them.
Reward and recognition have helped employees to grow professionally in many ways, including the following:
An employee that lacks motivation is more likely to distance themselves from their jobs.
Praise and appreciation, on the other hand, boost employees’ morale and helps them stay on track to meet their goals.
Deloitte says this:
“Companies that appreciate their employees see a rise in engagement, productivity, and performance of 14%.” Employees are more engaged as a result, and this leads to greater performance on the job.
Read More: How To Give Recognition To Employees
A survey conducted by SHRM found that,
Over half of HR professionals believe that recognition programs contribute to the recruitment of new employees.
Periodical incentives are practical for more than merely motivating staff. It also shows that the company has a bright perspective.
When employees are content with their jobs, it shows in the workspace that attracts additional individuals to the company.
Moreover, it allows you to work with highly qualified individuals who will contribute significantly to the success of the business.
A hostile work environment may be quite expensive for a firm in terms of lost productivity. It can have an impact on the company’s bottom line if your employees are constantly forgetting to put away their paperwork.
SHRM claims that,
There is a 42-day wait time on average to fill a post that costs $4,129 to fill.
Recognizing your employees’ contributions might help boost morale among your workforce.
Furthermore, when used in conjunction with a successful staff retention strategy, a well-designed employee rewards program can aid in achieving improved results.
According to a study on the level of involvement among employees,
58% of Workers feel that leaders can enhance involvement by recognizing their efforts, according to research.
When employees feel valued, their spirits soar. They are more engaged because they believe their efforts are being noticed.
Furthermore, it helps to build trust. People who trust their leaders and managers are more committed to their jobs, and employers benefit from this higher level of employee engagement.
Employees who are put to the test at work become exhausted and sick as a result. They’re demotivated, and depression is a possibility.
Employee appreciation, on the other hand, boosts the health and well-being of employees on both a physical and mental level.
It boosts morale among employees by making them feel good about themselves. Depression and other health problems are less likely to strike because of this.
When employees’ contributions are recognized and appreciated, the workplace becomes one where they desire to work.
As their efforts are recognized, they begin to see the business as an extension of their selves. It contributes to fostering a positive work atmosphere.
More so, a healthy business culture encourages employees to go the additional mile in their work.
They’re not only there for the money; they’re delighted to be a part of such a positive work environment.
Recognition programs do not have to be expensive or sophisticated for organizations to use them. As a result, some firms have devised unique programs to show their appreciation for their staff.
Find out what motivates your staff by asking them what they value most in terms of recognition. Give them all the opportunities to grow professionally.
Meanwhile, our employee reward and recognition platform BRAVO! can also help you with this unique task, as BRAVO! is highly optimized to make the entire employee appreciation phenomenon hassle-free and automatic.
Our product experts are always at your service to help you understand how BRAVO! functions. Book a demo. Cheers!