While a simple “thank you” or pat on the back is appreciated, taking the time to recognize your employee’s achievements is the key to motivating employees.
Here at McGee’s we specialize in rewarding employees. We are dedicated to the growth and preservice of your business. Visit us online and see how you can drive your business with McGee’s.
According to the 2015 Employee Recognition Report by the Society for Human Resource Management and Globoforce, employee recognition significantly contributes to bottom-line business metrics and even helps create a stronger culture and more human workplace.
Top five reasons you should recognize your employee’s achievements:
Recognizing Employees Drives Productivity
Recognized employees are more productive due to their increased emotional commitment to their jobs. According to Bersin by Deloitte, productivity is 14% higher in companies that recognizing their employees.
Recognitions Leads to a Happier Workplace
Employees that feel their work is recognized and respected are happier. That happiness is felt company-wide creating a happier workplace. Recognizing and rewarding employees gives each a sense of pride and appreciation, not just in themselves, but in working for that business.
You’ll Retain Top Talent
Appreciating employees has a direct positive impact on business’s ability to retain their employees. In fact, research from the Society for Human Resource Management and Globoforce shows that 68% of organizations that recognized their employees had greater retention rates.
It Establishes Camaraderie
Making employee recognition a whole-team affair, leads to greater camaraderie among employees. Having employee recognition as a company tradition invites employees to celebrate each other’s victories and results in overall employee satisfaction.
Employee Recognition Boosts Engagement
Through recognizing employee achievements, businesses can gain high employee engagement across the board.
For small business owners and other managers, employee recognition may seem like an extra effort with few tangible returns in terms of employee performance. However, as Patricia Odell reported in Promo, “Cash is no longer the ultimate motivator.”
Odell cited data from the Forum for People Performance Management and Measurement at Northwestern University—which discovered that non-cash awards tend to be more effective.
“The study found,” Odell wrote, “that non-cash awards programs would work better than cash in such cases as reinforcing organizational values and cultures, improving teamwork, increasing customer satisfaction and motivating specific behaviors among other programs.”
Visit McGee’s online and see the best ways to recognize employees.
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