Employee recognition isn’t a formality to be filled. Employers should appreciate their employees because it gives them a sense of ownership which helps them go above and beyond their job!
In fact, employee recognition is so important that lack of appreciation is one of the strongest reasons why people quit their job.
A thing to keep in mind: do not go for a one-size-fits-all approach when appreciating employees. Every employee may expect a different way of appreciation.
So, what can be done to retain all good people in business?
Let’s explore a few cost-effective tricks:
Praise Employees For The Job Done Well!
Sometimes you just don’t need to spend a huge sum of money to make your employee happy. They need to know their work is being noticed and appreciated. Therefore, just praising their work would make them glad!
So how often can you start praising your employees? It can be weekly or may be even daily as per Jim Harter, Gallup’s chief scientist.
Implement Peer Recognition Culture
Recognition shouldn’t only be boss-to-employees. Peer recognition goes a long way in making employees feel valued.
Peers at work have a better understanding of our work and when they appreciate it, we feel more valued. Besides, the praise from employees also sounds more authentic than that from high-authority managers, which may come across as forced.
We don’t just mean it for being more open and social with employees. We mean it for using social media.
From posting photos of ‘Employee of the Week’ on your company’s Facebook Page to appreciating your employees’ hard work by endorsing their skills on LinkedIn, the company’s social media account can be a powerful tool to communicate to them how you value them.
Create More Opportunities
That can mean training and cross-training. Employees love to hone their skills and to work at exciting and challenging tasks. You can make them feel recognized by giving them new opportunities to work instead of letting them carry out the same, monotonous tasks.
How about asking them to volunteer in your company’s upcoming corporate social responsibility event? This way, they’ll think that their efforts are worthwhile enough to be considered.
Appreciate Employees For Productive Job
Another good way to appreciate employees is to recognize the more productive and efficient employees and reward them for it. Time tracking spreadsheets are one way to keep on top of it.
Give Them A Treat
As an entrepreneur, do you believe in “There is no such thing as a free lunch?” Well, don’t think of it as a free lunch! Thank your employees for giving their best to the company.
Surprise Them With A Gift
Who doesn’t love a gift? Everyone does.
You could go with gift cards for your company. They can get gift cards for any local restaurant, coffee shop, or even a spa. It doesn’t have to be the same for all.
Want to feel them more special? Ideally, you can choose a gift that specifically matches each of the employees’ tastes and preferences. Have an employee with a laid-back, casual style? Gift them a WearSaga fleece jacket. Have a sports enthusiast on your team? Gift them a ticket to the match of their favorite game.
These little things that reflect how you consider the likes and dislikes of your employees, go a long way!