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Don’t we all love a little pat on the back once in a while? Some employees crave it more than others do, but for the most part a little recognition goes a long way.
As a manager, it is crucial for you to understand the importance of positive employee recognition and implement it as a regular practice. One of the most challenges that most employers face these days is, not just finding and recruiting the right talent but also retaining them. Most employers assume that just awarding employees with incentives and monetary bonus will help them retain their employees.
Did you know that according to a business research by a Harvard Business School assistant professor, more than 80 percent of American employees say they do not feel recognized or rewarded, despite the fact that US companies are spending more than a fifth of their budgets on wages.
Not many employers focus on implementing a culture of positive recognition at their workplace. As managers, they are more focused on the resources utilized by their team and the ROI. But did you know that according to a study, Moreover, 69% of employees would work harder if they felt their efforts were better appreciated.
Employee appreciation is an art which when done right helps both employers and employees. It isn’t always easy for managers to casually recognize and appreciate their employees for their smallest accomplishments. For this practice to be implemented effectively, it is important for the employees’ progress to be tracked and monitored effectively. Managers are required to have a clear understanding of the projects that their employees work on. Which is why it is important for employees to be familiarized with the whole process of appreciation and recognition.
In past years, not many organizations focused on the importance of recognition in engaging employees. This led them to losing more workforce than expected. Modern workforce demands their work to be recognized and appreciated so that they stay engaged and productive; which is why there’s a need to embed recognition in the company culture. As a manager, you can digitize the whole process.
There are many software that allow you to access both goals and objectives of employees as well as keep track of their progress. Digitizing employee recognition is one way to easily implement this culture into your organization and engage your workforce.
If you want to know how Engagedly can help you employee recognition, request a personalized demo and talk to our experts!
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