Employee performance, when recognized and appreciated, is boosted!
A recent study showed slight misunderstanding about “appreciation” between senior management and employees. More than 50% senior managers said that they thought their employees were appreciated. Sadly, less than 25% of the employees agreed. Let us take a closer look at these statistics:
- Almost 50% employees who participated in the survey said they would be glad to leave the company for another one that appreciates their hard work and recognizes the effort they put in.
- More than 60% employees said that they are satisfied with their performance but a little appreciation and recognition would coax them to increase productivity even further.
- More than 50% of the employees are ready to give up on jobs that do not appreciate them.
These statistics clearly show that employee recognition is important not just for employee happiness and productivity but also for employee retention.
The human resource management can show appreciation and recognition through a rewards or recognition program. They do so to encourage and acknowledge. The most common rewards are certificates/plaques, gift certificates, food, cash, and merchandise. Unfortunately, some companies end up making mistakes with these programs:
- The facts are incorrect. It may seem insignificant but saying the employee’s name wrong or getting another detail incorrect is unacceptable.
- The gesture makes the achievement insignificant. For example, gifting a pen on a five year anniversary makes the accomplishment trivial.
- The unsung heroes are ignored. Some workers steal the limelight and they totally deserve it but there are some others who are working in the background and making things work. They need to be brought to the foreground as well.
Workers appreciate praise, rewards, and growth opportunities the most. Keeping that and common mistakes in mind, we recommend the following to boost employee performance and happiness:
- Be quick with recognition. Do not wait months together to recognize an accomplishment. When you express appreciation immediately the employee will know what work behavior is working and how he should move forward.
- While recognizing, be very specific. Talk about the exact behavior or action or anything else that made the employee deserve laurels.
- There should be no room for favoritism in your workplace.
Employee recognition is a vital aspect of talent management and should be taken very seriously.
Employees will give their best shot provided they are recognized and praised for their efforts. Employee recognition boosts employee performance and it is not even hard! Simple steps such as praise, growth, and tokens of appreciation are helpful.