Employee recognition is the acknowledgement of a job well done. It is also a motivational factor for the employees from the managers or top authorities. Recognition doesn’t mean only to give rewards/incentives to the employee. They want their hard work noticed by the leads/managers and that they are appreciated. Employees don’t see what reward they are getting but their main concern is whether their work is getting noticed by leads/managers or not.
According to recent study on employee engagement, 80-82% of employees think it’s better to give someone praise than a gift.
Why Is Employee Recognition Important?
Recognition is one of the most important things you can do to increase retention and lower turnover. If the employees are satisfied by the recognition from management regarding their work done then they will not think/desire to resign or to quit that job. Employee recognition boosts the morale of the employees and keeps them energetic towards their jobs.
In fact, research from Deloitte found that, “Organizations with recognition programs which are highly effective at enabling employee engagement had 31% lower voluntary turnover than organizations with ineffective recognition programs.”
A 2012 SHRM survey found that, "“Companies with strategic recognition reported a mean employee turnover rate that is 23.4% lower than retention at companies without any recognition program.”
My Personal Experience
My first job was with Collabera Inc. I joined that company fresh with zero knowledge in recruiting but my seniors in my team always backed me up for every task with their guidance and support. Everything I accomplished was praised by them. Honestly speaking, my relation with my seniors was not like a senior-junior employee, it was a friendly kind of relation where they were ready to teach me every aspect of recruiting. That’s what motivated me to work harder for the team and myself.
Talking about my current job at Hub Recruiting, Tom and Matt do not miss any chance to praise any employee for their work. They always praise my work, which motivates me to work harder for my client.
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