A popular statement that makes us think, one can’t extract quality out of an employee that feels undervalued. Extreme hunger led me to the nearest Subway outlet, upon receiving my order I noticed the absence of black olives and tomatoes as they were out of stock, I gulped down my meal in a hurry as I was running late for a meeting, the point is that the missing ingredients weren’t a big deal as I did not have to starve but it definitely ruined my experience as the taste wasn’t as expected. Employee Recognition is that minute Element that often goes unnoticed but one without which employee satisfaction remains incomplete. Employee Recognition is the acknowledgment of a company's staff for exemplary performance. Essentially, the goal of employee recognition in the workplace is to reinforce particular behaviors, practices, or activities that result in better performance and positive business results.
87% of Employee Recognition models pay most attention to tenurity. Although the longer an employee stays in one particular organization seems like the most deserving candidate for appreciation yet it isn’t the only thing about that person that deserves to be acknowledged. Lack of timely appreciation often leads to an employee updating his/her resume and soon looking out for better options. 58% of employees demand recognition as a source of better work engagement. It not only boots the morale of an employee but also motivates him/her in order to work with an extra amount of zeal. 50% of employees feel better valued when thanked by their managers. Most companies spend tons of money on various sorts of recognition programs but a recent study shows a simple Thank you from their immediate manager seems way more satisfying than the extra penny spent.
A recent study showed how the new generation of workers known as millennials demand instant recognition as a major necessity for work enhancement. It is of utmost importance to acknowledge an employee for their extraordinary effort during the need of the hour else the same recognition given a month later goes absolutely in vain. Appreciation is an absolute human need, everyone wants that one statement being said or that one reward is given for going the extra mile. It is the right amount of salt added to a dish in order to provide the bliss point enough to crack up a Fine smile at the end of a heavy day.
Importance of employee recognition
- Employee Recognition makes one feel Valued and Dignified
- Improved Trust and Team Spirit
- Better Retention Rates
- Improved Morale and Productivity
Ways to enhance employee recognition
- The employee of the month
- Rewarding your employees with vouchers and coupons
- Personal Involvement
- Peer Reviews
- Quarterly Reviews
- Giving them the decision making power
Timely Recognition adds the extra cherry to the cake ready to be dug in. It improves interpersonal relationships and also sets the right example for other people in order to reach great heights. Sometimes a smile on a rough day or calling an employee by their name makes them feel important and a part of the organization.
- “People love as self-recognition what they hate as an accusation” – Elias Canetti
