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Monday, July 19, 2021

Why Thanking Your Employees Is So Important (And How To Do It Well)

Humans require recognition to survive. Employees respond positively to praise for their excellent work since it demonstrates that they are valued by others. Employees are happier and more productive when they are valued and driven to keep or improve their excellent work.

Employee appreciation is linked to job satisfaction, workplace happiness, and moral standards. It may also enhance motivation, participation, loyalty, and productivity by demonstrating to your coworkers that you care about them. All of these elements are desired in any business. Read on to see how you can positively motivate your employees, and increase morale and productivity, with a few simple gestures of appreciation.

Offering Words of Appreciation

Gratitude and appreciation have a good effect on people. This holds true in both our personal and professional lives, and so an environment of positive reinforcement will, in turn, positively reinforce the company’s bottom line.

For organizations and managers that embrace the notion of recognizing individuals from above, as well as the culture they want to develop, words of appreciation given to employees will go a long way in having a positive impact on the company culture.

While an employee reward program is a useful tool in motivating employees, non-monetary incentives have also been shown to have a beneficial impact on job engagement. A plaque or tangible gift might stimulate employees to be competitive with each other, but as these 12 examples show, words of appreciation and public praise can go just as far, if not farther.

There are numerous reasons why corporate leaders should express gratitude. Here are a few of them:

  • Appreciation helps employees to remain engaged. Moreover, it improves productivity, shows gratitude in the workplace contributing to the increase of employee engagement and dedication.
  • Assessment boosts efficiency. When employees understand that their hard work is valued, they are recognized and appreciated. This motivates them to maintain and improve their excellent performance.
  • The morale of the workplace is improved via assessment. The gratitude shown by an employee has a strong impact at work. When a member of staff feels valued, they are more inclined to demonstrate it to their coworkers and other team members.
  • Appreciation aids build loyalty among. The Robert Half research demonstrates that 66% of workforces leave their occupation due to lack of appreciation.

Engagement

Engagement and gratitude are the quickest ways to keep workers satisfied and on board with the company’s values and goals. Employee happiness is directly related to their engagement in the workplace, and recognition is one of the proven ways to increase morale. Businesses with well-known cultures are more than twice as likely to have higher employee engagement.

Productivity

Employees appear to be valued at work: 90% feel that acknowledgment motivates them to put out more effort. Employee productivity and performance are 14 percent higher in companies that use active recognition.

Employee productivity is boosted even more by their acknowledgment of specific actions that contribute to the company’s success. It is true that what is known is repeated. Employees are more likely to repeat activities for which they are acknowledged, according to nearly all of them (92 percent).

The psychological explanations of why employee recognition works

According to Maslow’s requirements hierarchy, humans have five types of needs, each of which must be met before moving on to the next. Food, rest, and security are the physiological necessities at the bottom of the pyramid. Then the needs become a part of themselves, together with love, admiration, and, at the very top, updating.

The hierarchy is concerned with workplace recognition since, once individuals secure a job and a source of money, they naturally want to feel a feeling of belonging and gratitude that recognition may provide.

Another important factor that increases employee recognition efficiency is that when people receive recognition for something, they are more likely to do it again.

It’s not only about rewarding good work; it’s also about fostering great relationships. When you identify a worker, you build both your emotional bond with the company and the employee’s emotional bond with the company. Loyalty is born from gratitude.



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Daniyel Carlson
Daniyel Carlson is a Young Researcher in the field of Data Science & Analytics having research experience of more than 8 years. He has a Masters in Computer Engineering and currently serves as an Editorial Assistant in IGI Global, United States of America. Daniyel also holds honorary positions in the Associate Member of Institute of Research Engineers and Doctors, International Association of Computer Science and Information Technology, International Association of Engineers, Society of Digital Information and Wireless Communications.

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