Who doesn’t want his work to be applauded? Recognition is all about giving favorable feedback based on performance. But try not to be biassed when it comes to performance measuring, to exclude it keep track of employee engagement activities. There are a couple of ways one can give feedback. The first one is formal, which includes giving bonuses, promotions or even an award.
The other is the informal one, which includes just a verbal thank you or a handwritten note maybe. There is nothing wrong with either of them, they both can be meaningful in their own ways depending upon the level of comfort you have with your employees.
Anyhow, there are some limitations when it comes to recognition. First of all, recognition is purely performance-based. And secondly, it is all about what employees have done in the past and lastly, it’s inadequate. You can’t give recognition to everyone, it should be scarce. And of course, it has to come from the crown. We often see organizations where peers are allowed to highlight each other’s struggles. However, prime recognition should be given by senior employees or leaders.
Now that we know the difference between both, let’s look at the reason why it is important to employees.
Increases employee happiness & morale
Not particularly an employee but as a person when you give value and recognition to them for their contribution it impacts them. In the case of employees, they will get a feeling of connectivity towards the organization, the work they do, and towards their team as well.
It has a huge impact on morale as well when you notice that people are doing remarkable things to achieve that extra mile. It encourages them and makes other employees do the same.
Increases the trust level
Trust is the base of every organization’s growth. It is important for an organization to build a reasonable amount of trust level with its employees. And it is also important for employees to build with their seniors as well. A company where every member cares about each other and give timely appreciation tends to flourish more.
In this era of technology where every second company is working with remote employees through employee monitoring software. In this case, employees rarely have face-to-face meetings or interactions. However, employers can stimulate trust by appreciating the work performed by the team.
Has a huge impact on business results
According to research done by a cutting edge article, “The walk Disney World Resort established an employee recognition program that resulted in a 15% increase in the staff satisfaction with their day-to-day recognition by their immediate supervisors. These results correlated highly with high guest satisfaction scores, which showed a strong intent to return, and therefore directly flowed to increase profitability.”
This case clearly shows how much potential appreciation has, it not only impacts the internal staff or office environment but also affects your clients. With the help of high performing and productive team, you can experience enthusiasm and feedback from your valued clients.
Positive work environment
When appreciation is felt across the office, it will lead to more positive surroundings. A company that is rooted in appreciation and thankfulness breeds pure and effortless happiness. And who doesn’t like to work in a happy and positive environment?
Appreciation trigger ripple effect
We have all often seen that some managers avoid giving promotions to their employees. It is just because raises and promotions require some sort of extra effort to get involved in employee recognition. Employee recognition also has a massive communication element. Though, recognition and appreciation imply the ripple effect. It requires an encouraging rush of energy. So, a happy employee will pass on this impact of appreciation to others. A society is built on encouragement. You just have to act as a catalyst. Read more bout employee engagement activities.