Remember that time you accomplished something amazing at work and your colleagues and bosses couldn’t stop praising you? And then you went home, inspired, and ready to do it all again the next day?
If that doesn’t sound familiar, it might be time to reconsider your workplace’s approach to employee recognition.
Over 200,000 employees were recently studied by the Boston Consulting Group and asked what their number one reason was for enjoying their work. The answer?: feeling appreciated. Surprisingly (or not so surprisingly) compensation didn’t appear until number eight.
None of this is really a shock though, is it?
There isn’t an employee out there who doesn’t want to be recognized and appreciated for their work. Yet sadly, many managers often wait until an annual performance review to deliver feedback. And even worse—the feedback in a performance review tends to focus on negative stuff rather than the good stuff.
When done well employee recognition has a multitude of benefits. From decreased turnover and lower absenteeism, to increased productivity, improved customer satisfaction…shall I go on?
Skeptics will argue that recognition programs don’t work, are too fluffy, or that organizations do this stuff solely to make themselves look good. While hopefully that isn’t the case, it’s not difficult to understand where this skepticism stems from. A lot of organizations have failed to effectively implement an employee recognition program that works.
For employee recognition to truly be successful, it needs to be embedded in an organization’s culture, and it must be authentic.
The good news is that Thoughtfarmer has tools that make it easy for organizations to recognize and applaud employees.