Employee Appreciation | Importance & Types
Employees can understand that their organization values them and their contributions to the success of their team and the firm as a whole when they Employee Appreciation.
Employees are more prone to become demotivated and lose interest in their jobs if they are not appreciated. This necessitates year-round employee appreciation. Learn about the six categories of employee appreciation, the best tactics for your company, and the resources you can use to demonstrate your thanks to your staff by reading our primer.
Employee recognition has remained daily unchanged over the last 15 years. In 2002, 84 percent of employers expressed formal appreciation for their employees; in 2019, that number increased to 87 percent, indicating only a minor increase.
What Is Employee Appreciation and What Are the Different Kinds of It?
Employee appreciation is the simple act of thanking your staff for their contributions to the company’s success and culture. There’s even a day dedicated to it: Employee Appreciation Day is celebrated on the first Friday in March, but we encourage making it a year-round practice.
There are six different types of employee appreciation.
- Appreciation from peers An employee may admire the efforts of a coworker or a separate section. After a successful launch and promotion of a new offering, a product manager could thank the marketing team.
- Appreciation of the boss Manager appreciation is usually enforced by business policies, and it occurs when managers recognize the efforts of their team members. This can also take the form of organizational recognition, in which senior executives acknowledge a feat.
- Appreciation based on an event A unique occasion, such as a work anniversary, the achievement of a professional goal, or a noteworthy achievement at work, can prompt positive comments.
- Consistent gratitude Employees might be praised just for completing their tasks. This is especially true for support tasks like IT, administration, and payroll management.
- Formal acknowledgment Employee appreciation of this kind is the most common. Employees are acknowledged for informal events such as award ceremonies, email newsletters, and other formal occasions. There could be a monetary component to this strategy as well.
- Appreciation informally A quick pat on the back or a shout-out on the workplace chat app among other team members can be considered informal praise. This is critical in order to keep staff motivated on a daily basis
What you can do about employee recognition and why it’s so vital.
Employee recognition is the timely, informal, or official acknowledgment of an individual’s or a team’s conduct, effort, or business result that promotes the organization’s aims and values and has clearly gone above and beyond customary expectations.
To be truly productive in the workplace at any level, you must first understand the psychology of recognizing others for their efforts, then apply employee recognition techniques to yourself and encourage people to do so as well.
Appreciation is a basic human requirement. Employees respond positively to praise for their hard work since it confirms that their efforts are valued by others. When employees and their work are valued, they are more satisfied and productive, and they are motivated to keep doing a good job. For Employee happiness, Corporate Events are an effective way.
Employee appreciation at work must be an important element of a company’s culture. Companies with the greatest training programs and well-trained employees have the most satisfied and engaged employees in today’s work environment. Even the best personnel, however, cannot perform well if they are not sufficiently motivated. The majority of an employee’s motivation stems from being acknowledged by their superiors. This means that when it comes to success, recognizing the link between employee recognition and good management is critical.