Some business owners think their company is successful due to amazing marketing efforts or the high-quality products or services they offer. But in actuality, every company, regardless of what it does and how big it is, owes its success to its employees.
They are the ones running the show, but sadly, they often don’t receive recognition and appreciation for that work.
If you want your business to be different, you can take a look at the employee appreciation tips listed by SnackNation. Also, keep reading to see why employee recognition and appreciation are so important for your company.
Showing recognition has a positive effect on productivity
Companies all over the world are always on the lookout for ways they can increase their employees’ productivity levels and take them to the maximum. While there are many factors that determine how engaged an employee will be in the workplace, none of them compares to this one.
How much recognition and appreciation you show to your employees will have a direct effect on how productive they are.
Showing little to no appreciation can cause employees to feel demotivated and unwilling to perform their tasks because they feel like their efforts aren’t being recognized. But on the other hand, as much as 69% of employees would work harder if they felt their efforts were better appreciated.
And since productivity across organizations of all niches is dropping constantly, it’s no wonder employers are always looking for ways to boost it. When you take recognition and appreciation seriously, you will boost not just productivity but engagement as well. And if you combine it with other ways to maximize employee productivity, you will see amazing results in no time.
Recognized and appreciated employees have better mental health
Mental health has become an important talking point in the world of business over the last couple of years, which has done wonders for employees. And now due to the pandemic and various other problems in the world, it’s more important than ever to look after your mental health.
If you want your employees to stay productive and come to work with a clear head, you need to take note of their mental health. Feelings of anger, worry, and fear can all be signs of worsening mental health, and you should help your employees overcome those feelings.
If you show appreciation to your employees and show them their effort is being acknowledged, it will cause a positive reaction. They will feel seen, appreciated, and valued. All of these emotions will contribute to their self-worth and make them better employees.
Additionally, a happy employee is a productive employee. So if you make sure your workers always know how valued they are, when you pass through the office, you will see a lot of workers with smiles on their faces.
Employee recognition is linked to employee retention
There is often a lot of talk about customer retention, and while that’s an important topic, we shouldn’t forget about employee retention. Anyone who has been through high employee turnover rates knows what a chore it can be to hire someone just to have them leave in a few months.
There can be multiple reasons why people are leaving their jobs, but one of the biggest ones is lack of appreciation. In fact, 36% of employees switch jobs because of not getting adequate recognition for their efforts.
A good way to have high retention rates among employees is to show recognition for great results, behaviors, accomplishments, and memorable moments.
For example, work anniversaries, birthdays, big promotions, and closing important deals are all worth celebrating. And even if a highly recognized employee decides to leave your business, they will still stay loyal brand ambassadors.
Profits rise with high recognition and appreciation
All of the benefits of employee recognition and appreciation we’ve mentioned lead to the same outcome, and that is high profits. After all, when employees are productive, happy, and stay at their job long enough to know how to do it perfectly, that can only mean high profits for the company.
After all, every company’s main goal is to earn a high profit and find success in the market. And if you want to see that growth chart going up daily, you need to consider how you’re treating your employees.
If you haven’t started your company yet, what you need is an easy guide to starting a business and knowing when to implement the right appreciation strategies. If you combine that with amazing marketing and high-quality products, you can’t go wrong.
A company without employees is like a ship without crewmen. Every single person you hire is important and invaluable, sometimes even irreplaceable. So if you want to keep your employees around and ensure they’re always doing a good job, show them that you recognize and appreciate their efforts.
For you, this won’t take a lot of time and effort, but it will mean a lot to your employees and it will change your business forever.