The Importance of Employee Appreciation

  • Feb 10, 2021

On the first Friday of March, Employee Appreciation Day is celebrated in the United States and Canada. Why is employee recognition important?

 

As more employees are struggling with being disconnected from their organizations and co-workers, it’s vital to say thank you and develop a positive climate. 

Here are a few statistics on employee appreciation that we thought were important: (https://goremotely.net/blog/employee-recognition-statistics/)

40% of employees in the United States state that receiving recognition more often would encourage them to do more work. 

63% of appropriately recognized employees are highly unlikely to quit their jobs. 

59% of employees would prefer companies with a rich recognition culture than jobs with higher salaries that don’t give any recognition. 

Almost 90% of employees who were given recognition by their boss in the past month stated that they trusted that boss more. 

 

Those statistics speak volumes about how far recognition goes, making employees feel valued and the success of your corporate culture.

Let’s dive into each of those statistics a little more:

1. 40% of employees in the United States state that receiving recognition more often would encourage them to do more work. 

Burnout and stress are common in the workplace. Recognizing the contributions that are made by your staff can help increase productivity, resulting in more revenue for your organization.

2. 63% of appropriately recognized employees are highly unlikely to quit their jobs. 

If your organization struggles with high or frequent turnover, you can diminish that issue with implementing a recognition program. Did you know that 75% of employees do not stay at a job more than five years? Organizations that create policies, better working environments and that recognize the accomplishments of their employees on a regular basis can see 50% of their staff committing to longer terms of employment.

3. 59% of employees would prefer companies with a rich recognition culture than jobs with higher salaries that don’t give any recognition. 

This one is simple to understand; money is not the key motivator for most people. Satisfaction and happiness are. If you want loyal employees, recognition and appreciation results in greater gratification.

4. Almost 90% of employees who were given recognition by their boss in the past month stated that they trusted that boss more. 

Give credit where credit is due. By letting your staff know that you notice their achievements, it shows you are paying attention. This results in a deeper, more trusting relationship with your employees. 

When building a recognition program, be sure to make it unique. Employee appreciation should not be a one size fits all approach. Choose gifts and programs that recognize the individuals interests, habits, culture and unique tastes. Gifts should be an integral part of your corporate culture. 

Do you need help in choosing the right recognition gifts for your hard-working staff? At Cross Country, we are recognition program experts! Let us help you develop the right program for your organization. Reach out to our team: communications@crosscountryus.com

 


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