First and foremost, it should go without explaining that employee recognition is an important part of the work process.
It‚Äôs not strictly necessary‚Äîmanagers don‚Äôt tend to hit a quota of saying ‚Äúthank you‚Äù ten times per quarter, after all‚Äîbut there have been numerous studies on how employee recognition encourages engagement and satisfaction in the workplace. And really, when have you ever heard of someone complaining that their boss thanked them today?
TINYPulse delved into this issue and shared that ‚Äú87% of recognition programs focus on tenure.‚Äù That‚Äôs a bit of a double-edged sword there. We‚Äôre still engaging those employees that have been loyal to our companies for some time, which is incredibly important, but your team shouldn‚Äôt have to wait five years to get a shout-out at work. It‚Äôll make the next five years feel like a slog just to get a pat on the back.
TINYPulse also stated that ‚Äúwhen asked what leaders could do more of to improve engagement, 58% of respondents replied ‚Äògive recognition.‚Äô‚Äù
58%? More than half of employees can receive more job fulfillment for the low, low cost of employee recognition? What a bargain!
And these gestures don‚Äôt have to be big: we‚Äôre talking about paying special attention and complimenting someone‚Äôs great work at the end of a kudos meeting. Here at Kinetix, we make it a little nicer with something called factor cards.
With a super cute and eye-catching design, employees are given cards that detail how they exemplified one of our six core values:
Our managers and colleagues fill them out, and they all invariably adorn our desks, going the extra mile when it comes to recognition. Simple, and effective!
Those efforts (big and small) will have a huge impact on culture. TINYPulse also noted, ‚ÄúCompanies with recognition programs that are highly effective at improving employee engagement have 31% lower voluntary turnover.‚Äù We all know it‚Äôs a long and arduous process to find great new employees (though we may know some people who can help with that . . .), so the decision to invest more in employee recognition programs isn‚Äôt just a kindness, it‚Äôs a smart fiscal move!
So how are your companies shouting out the great work your people are doing? Make an effort during the months ahead to put some valuable focus on your team‚Äôs achievements. You‚Äôll rack up the karma points and keep your employees (and bottom line) happy at the same time.