When growing a business, it is easy to get caught up in the many tasks and challenges at hand, and forget to recognize the amazing work the people around you are doing. However, this is one of the most important things you can do to keep your people happy and your business thriving. We’ve outlined a few reasons why you shouldn’t underestimate the power of employee recognition, as well as how to get better at regularly doing it.
Recognition Directly Affects Engagement
In today’s world of work, employers are constantly trying to keep people engaged and invested in the company. The most important part of any CEO, manager, or HR professional role is knowing how to retain top performers. It turns out that one of the most impactful ways of retaining and keeping employees engaged is to show them appreciation.
Bersin by Deloitte found that in organizations where recognition occurs, employee engagement, productivity and customer service are about 14 percent better than in those where recognition does not occur. Additionally, Bersin found that companies with recognition programs highly effective at improving employee engagement have 31 percent lower voluntary turnover than their peers with ineffective recognition programs.
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3 Reasons Why Employee Recognition is More Important Than You Think
Source: HR.com Articles