In today’s workplace, employees value the opportunity to work in an environment that is positive and supportive. They want to be able to work with people who are knowledgeable and have a strong work ethic. Staff members value companies that are transparent in their operations and strive to create a culture of collaboration; they want to feel connected to the company’s mission and values and be rewarded with recognition and growth opportunities.
Chiefly, employees appreciate being able to have a voice in their workplace and having the opportunity to be creative and innovative. They want to be part of a team that works together to achieve success, and be rewarded for their efforts. They want to feel empowered to make decisions, have access to resources, and be able to have meaningful conversations with their colleagues and supervisors.
According to Spiceworks, 89% of employees find it most critical to understand their company’s mission, making communication key. This point is highlighted by the 63% who value recognition and praise. This leaves the question, is the value of recognition outweighing the value of a higher salary?
With employee retention at a current all-time low, it’s important to note that employees value employers who value and recognize their contributions to the organization. Employee retention is an important issue for any organization. By understanding why it’s important, implementing strategies to retain employees, and creating a positive work environment, organizations can benefit from increased loyalty and productivity.
Organizations should strive to create a positive work environment that encourages open communication and collaboration. This includes providing employees with the resources and support they need to be successful in their roles. Additionally, it’s important to recognize employees for their hard work and accomplishments, as this will help to create a culture of appreciation and loyalty.
Here are three ways you can create recognition based praise within your organization and promote employee retention:
- Recognition awards, whether team or individual based is a great way to celebrate accomplishments. These awards can be presented in a variety of formats – certificates, plaques, special lunches, or even gift cards.
- Utilize social media or email marketing to highlight employee achievements.
- Publicly acknowledge your employees achievements, such as in team meetings or company-wide emails. This tells everyone who is being recognized and why.
Finally, and most importantly, make sure to provide meaningful feedback regularly to show appreciation for employees and their contributions.
Like kindness, recognition is free and comes at no cost to the employer, making it not only the cheapest, but most effective way to create a positive, supportive work environment – the thing employees value most.