“Feeling gratitude and not expressing it is like wrapping a gift and not giving it.” William A. Ward
Every day, committed and talented employees work together to create great experiences for your customers and positive results for your business. How do you celebrate them and recognize their contributions?
As we close in on year-end, take stock of the way your business celebrates employee and team achievements. A recent study by WorldatWork revealed that formal recognition programs, including service anniversary, extraordinary performance and retirement, are the most frequently offered recognition programs.
Now think about this from the employee’s perspective: if you have to wait a year to be recognized—or until your retirement—how engaged would you feel?
Recognition drives results
Saying thank you costs nothing but can make a tangible impact on the bottom line. Research indicates that showing appreciation for team members’ efforts can lead to a 20-30% increase in engagement. Operational impacts can include lower turnover and absenteeism and higher productivity.
Beyond service anniversaries
To make gratitude a foundation of your culture, consider bringing multiple programs together to build a consistent recognition experience:
• Peer-to-peer recognition gives employees the power to do the thanking
• Awards for those who demonstrate company values inspire employees to live those behaviors
• Welcome programs for new hires
• Social media celebrations for promotions, team achievements or community events,
Being recognized for great work is motivating and builds pride in all of us. If you’re looking for new ways to activate a culture of recognition, get in touch: [email protected]