Why Employee Recognition Matters
Humans have a basic need for affirmation and praise. It makes them feel loved and appreciated. This is true in both their personal and professional lives. Thoughtful, aware, savvy, employers have long understood showing employees you appreciate what they do improves their self confidence, motivates them to do and achieve more and makes them more of an asset to the company. Sam Walton, the founder of Walmart, considers his greatest asset to be his ability to arouse the enthusiasm of his staff by showing his hearty appreciation for what they do by lavishing them with praise.
Praise, Recognition And Appreciation Matters
Employee recognition programs results in better employee engagement, makes employees more likely to recognize and acknowledge their peers and superiors’ personal and work related achievements and makes them work harder and be more productive. For about 90% of workers, knowing their good work is not going unnoticed it makes them less likely to leave the company. This benefits the company because hiring and training replacement workers is expensive and result in lower productivity until the new worker becomes familiar with their tasks.
