
Today we celebrate the best asset a business can have: Its employees. On Employee Appreciation Day, it’s important to take stock of what your company can do to ensure your employees feel happy and valued, and one of the most powerful tools to achieve this is Reward and Recognition. Employees who feel valued in their workplace feel more proactive and engaged in their role, and those highly engaged employees are 87% less likely to leave their jobs. This then lowers turnover costs and helps to solidify a culture of uplifting and praising its people, which is a real magnet for top talent & recruiting the best of the best.
Keep things clear
Open and clear communication is vital to seek out those in your business who deserve their praises sung. If your employees do not feel comfortable speaking out, whether it is good or bad news, your management team will not be able to gain the trust and confidence of the team.
With open channels for dialogue such as web chats or weekly check ins with team leaders and employees, they will feel at ease to bring up feedback they may have for the company to address, or to highlight the work they or their peers have been doing.
It’s not one size fits all
Employee perks come in all shapes and sizes, and not all perks will fit what each of your employees need. Providing Reward & Recognition, both monetary and non-monitary, will ensure your employee’s work is recognised. Choosing to put your companies R&R through My Staff Shop means that your employees can spend their reward on something that will truly make a difference to them. For a quick thank you between colleagues, or to celebrate wins within the company. Management can also use these notes to see who is really excelling, so that they can be further rewarded or recommended for promotion.
Employee Appreciation Day should be a milestone in your business calendar, but true recognition is a continuous process. By integrating perks that your employees will truly value alongside an Employee Value Proposition (EVP) into your company strategy, you ensure your employees feel appreciated throughout the year, to keep productivity and retention high. Regularly acknowledging individual and team contributions will help to build a culture of gratitude, and make employees feel valued and motivated to excel. Doing this will ensure your business keeps the best talent and encourages them to expand their skills within your company, making sure you can grow and exceed together.
Show your employees appreciation with perks that they can use everyday. Book a demo to learn more.