What is employee appreciation?
Employee appreciation is the straightforward demonstration of recognizing the commitments your employees make to the business and the way of life of your work environment. There's even a whole day committed to commending this the first Friday of March is assigned as Employee Appreciation Day, yet we suggest you make this a year-long practice.
Types of employee appreciation
Peer to peer appreciation
A team member may appreciate the work of another team member or a different division. For instance, a product manager might thank the marketing team after the successful launch and promotion of a new offering.
Manager appreciation is typically mandated by policies, where managers appreciate their team members for their efforts in the organization. This can also be a type of appreciation where senior leaders recognize an achievement.
Event based appreciation
Positive employee appreciation might be set off by a particular occasion, for example, a work anniversary, the gathering of an meeting targets, or a remarkable achievement at work.
Employees can also be appreciated for simply doing their day to day job efficiently and consistently. This is particularly relevant for support functions and domain such as IT, admin, payroll management, etc.
This is the most common form of employee appreciation. Employees are recognized in email newsletters, award ceremonies, or similar formal events. There may also be a financial component involved in these type of appreciation.
Informal appreciation can be a quick pat on the back, or a shout-out on the company chat app among other team members. This is very necessary to keep employees motivated on a day-to-day basis.
Importance of employee appreciation
Organizations receive various rewards when they show exactly the amount they care about the group. These are a few advantages for organizations that present employee appreciation programs:
It constructs trust among employee and manager
On the off chance that labourers can't confide in you, at that point your business won't work easily. Employees need to feel like their managers consider them to be individuals and have their eventual benefits at the top of the priority list. As per a 2016 overview from Globoforce, 86% of employees felt they could confide in supervisors who had demonstrated them acknowledgment them inside the most recent month.
It supports efficiency levels
On the off chance that your labourers feel that you give it a second thought, you will see it in how hard they work. Appreciated employees feel put resources into the accomplishment of an organization and will put forth a more determined attempt.
It diminishes turnover
Recruiting and onboarding another employee is a cost you'd most likely rather not need to manage on a standard premise. You may have the option to decrease your employee turnover rate by consistently demonstrating employees that you appreciate them.
It improves the brand reputation
At the point when an organization treats its employees ineffectively in our period of online audits and web-based media, word will get around. You would prefer not to be known as an association to stay away from. Buyers like to help organizations who treat their staff well, and quality competitors are probably going to apply to work for such an organization.
Harvard Business Review report says that
"The most impactful driver of employee engagement is recognition."
Employees react to appreciation communicated through recognition of their great work since it affirms that their work is esteemed by others. At the point when employees feel that their work is esteemed, their fulfilment and profitability rise. Additionally, they develop more propelled to keep up or improve their great work.