People crave attention; they want their efforts and hard work to be noticed, appreciated and appreciated. This desire begins in early childhood: children seek validation from their parents and caregivers, and adults want to feel accepted in the workplace.
As the economic environment becomes more competitive, companies compete to attract and retain the best talent. HR practitioners strive to create a workplace environment and culture that promotes thanks to employeeswhere employees feel noticed and appreciated.
Recognition of employees includes evaluation of their achievements as well as work ethic, commitment to the organization and efforts.
While cash rewards or gifts are always welcome, this is not the only way to honor your team. Confession can be verbal and informal when a manager praises an employee during a meeting for a job well done.
There is a place for every type of recognition, and it is the job of the manager and human resources department to offer recognition in the right way.
Benefits of Employee Recognition
At first, employee recognition may seem like something that only benefits employees, but there are many benefits enjoyed by companies that focus on employee recognition.
Some of the benefits of employee recognition include:
Reducing staff turnover
It’s often said that people don’t leave companies, they leave bad managers, and one of the things bad managers can’t do is recognize employees.
High employee turnover is bad for business and costly. The process of hiring, finding and employing new candidates takes time, money and resources. Then onboarding and training new candidates takes time, which can slow down business processes and operations.
Employees who feel recognized are less likely to leave, resulting in lower employee turnover and increased business productivity.
As with high employee turnover, absenteeism reduces productivity, can cost money, and is bad for the business.
Employees who feel that their efforts and accomplishments are not appreciated are more likely to miss work regularly because they feel like their elders won’t notice or that their contributions don’t matter to the overall functioning of the company.
When employees are praised and they know their work is appreciated, they are less likely to be absent unnecessarily because they know their work is appreciated.
Attract and retain top talent
Regardless of technological advances, human resources are arguably the company’s most valuable asset. To this end, businesses compete to attract the best people in the industry, but once talented people enter the company, businesses must retain them. After all, employees with in-demand skills who feel ignored or undervalued can be easily poached by a competitor.
While it is normal to change companies every few years, skilled individuals are less likely to leave a company where they believe their efforts are valued.
Increases employee engagement and motivation
Recognition gives your employees a sense of purpose and belonging and lets them know that their efforts and accomplishments matter and contribute to the company’s goals.
Motivation, on the other hand, is usually the driving force behind efforts. Usually, when an employee feels appreciated, they are motivated to work hard because they know their efforts are appreciated.
For example, let’s say you’re working really hard on a project, putting in extra hours to make sure it’s perfect, but your manager doesn’t say anything when you submit it. You may feel empty and wonder why you tried so hard, and with the next part of the work, you will probably put in less effort and do the bare minimum. On the other hand, if your supervisor thanks you for your efforts and praises you for doing a great job, you are more likely to feel motivated to put in the same amount of effort for the next piece of work, or put in even more effort.
The goal of most companies is to be as productive as possible. Performance is often linked to motivation. When employees feel like their work is appreciated and recognized, they are more likely to be motivated to work harder, which increases productivity.
Reinforces the behavior the company wants from employees
Almost all companies have a set of values and a list of behaviors that they look for and value in employees. positive reinforcement It’s a simple concept: if you reward employees for a certain behavior, they will repeat it.
Employees want their peers and elders to be happy with them, so if they are praised for traits and behaviors that the company values, they are more likely to put in the effort to keep those behaviors.
For example, if a company values a structured workday and an employee is often late, they are less likely to try to be on time if they are scolded by their boss. On the contrary, if they are praised for arriving early, they are more likely to be pleased with the review and motivated to make an effort to arrive on time.
While rewards and job satisfaction are good for employees, employee recognition also benefits companies. Employees who feel valued and valued are generally more motivated and productive and less likely to leave the company. They are also more likely to be dedicated and not miss work unnecessarily, which reduces productivity.