Employees are without doubt the backbone of any successful organization, but all too often they\u2019re left feeling overlooked and undervalued by employers who fail to recognize their importance. The result? A lack of motivation, poor morale, high turnover rates, and ultimately diminished performance and productivity.\u00a0<\/p>\n\n\n\n
In what continues to be a candidate-led employment market\u2014and with remote and hybrid working becoming increasingly commonplace \u2014 it\u2019s never been more important to recognize the value of employees. By offering consistent and meaningful recognition, businesses can increase employee engagement, boost loyalty, and ultimately be more productive.\u00a0<\/p>\n\n\n\n
Enhance your workplace culture and boost employee morale with our cutting-edge employee recognition software. Click here for employee recognition software<\/a> that makes a difference.<\/p>\n In this article, we’ll explore the key reasons why employee recognition is crucial and how it can benefit both employees and organizations.<\/p>\n\n\n\n Research by Quantum Workplace shows that employees are likely to be almost three times more engaged<\/a> if they believe they\u2019ll be recognized for the work they do, and maintaining employee engagement is important for several reasons: it boosts productivity, increases retention, creates better relationships, and establishes a more positive work environment.\u00a0<\/p>\n\n\n\n How can you tell if your employees are engaged <\/em>in their roles? Well, here are some examples that suggest a highly-engaged employee:\u00a0<\/p>\n\n\n\n Engagement and recognition are intrinsically-linked, because an employee whose contributions and accomplishments are frequently recognized will inevitably feel that their role is more fulfilling<\/em>, increasing their sense of commitment to the organization. Employees who lack consistent recognition, however, are likely to disengage, feeling that they owe the company little more than their bare minimum.<\/p>\n\n\n\n Think of your employees as highly-trained, physically-honed athletes: without the promise of a medal or a team trophy at the end of a hard-fought competition, what\u2019s motivating them? What\u2019s the value in training hard and giving them all if their accomplishments don\u2019t warrant recognition or reward? Serena Williams\u2019 warrior-like determination may be innate, but it\u2019s likely emboldened by the prospect of holding a glimmering trophy on the pronouncement of \u2018game, set and match\u2019.<\/p>\n\n\n\n Your employees are much the same in this regard. While motivation, in many ways, comes from within (it\u2019s hard to motivate someone who just doesn\u2019t have it in them to care), recognition and reward are vital in giving employees a reason to keep caring<\/em>. If you\u2019re not offering these, you may find that employee motivation wanes, ultimately leading to dips in productivity and performance. On the other hand, frequent and meaningful recognition means your employees will be more motivated <\/em>to engage in \u2018deep work<\/a>\u2019.\u00a0<\/p>\n\n\n\n Your company culture refers to the shared set of values, beliefs, attitudes, and behaviors that you embody as a business \u2014 and crucially as an employer. And why is it important? Well, your company culture dictates everything from the strength of your internal relationships to the sense of inclusiveness that permeates your workplace, and having a positive culture is conducive to high levels of employee satisfaction, motivation, engagement, and productivity.\u00a0<\/p>\n\n\n\n For an agency such as Seeker Digital<\/a>, for example \u2014 who recently published a blog post on the importance of employee appreciation \u2014 the role of tangible <\/em>benefits and rewards in creating a positive, employee-first culture cannot be overlooked, particularly as they operate a hybrid model where it can be easy for employees to feel sidelined or siloed.\u00a0<\/p>\n\n\n\n In reality, recognition is a culture <\/em>all in itself: by building a culture where employees feel acknowledged and appreciated for the work they do, you ultimately create a happier, more harmonious workplace, where your teams feel motivated to deliver their best work while supporting and collaborating with others to reach common goals. A lack of recognition is only likely to lead to resentment and disconnection, where relationships between employees and their line managers are particularly affected.\u00a0<\/p>\n\n\n\n On average, businesses lose about 18% of their workforce each year to employee turnover. Now, employees can decide to leave a role for a variety of reasons, of course \u2014 they may simply have found a more exciting opportunity elsewhere, or there may be lifestyle factors behind their decision, such as relocation \u2014 but whatever the reason, you\u2019re likely to experience a higher-than-normal turnover rate if you fail to consistently show your employees that you value them.<\/p>\n\n\n\n Conversely, a strong employee recognition program can help to boost retention by almost a third<\/a>, with employees more likely to forge a strong, long-lasting connection to a business that values their contributions and demonstrates that through rewarding hard work and high performance. Any employee will feel far more inclined to stick around if they expect their accomplishments to be recognized, while one who feels overlooked or unappreciated is likely to start looking for an alternative employment opportunity.\u00a0<\/p>\n\n\n\n<\/span>It increases engagement<\/span><\/h2>\n\n\n\n
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<\/span>It boosts motivation<\/span><\/h2>\n\n\n\n
<\/span>It contributes to a positive culture<\/span><\/h2>\n\n\n\n
<\/span>It can increase retention<\/span><\/h2>\n\n\n\n
<\/span>Tips for providing recognition to make employees feel valued<\/span><\/h2>\n\n\n\n
<\/span>Make it timely<\/span><\/h3>\n\n\n\n