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Have you ever felt under-recognized at your workplace? If so, you understand how one feels and the importance of appreciation in the workplace. According to Forbes, showing employee recognition helps in boosting morale, enhances loyalty, and increases employee engagement. Moreover, employee appreciation directly affects employee turnover since workers who feel underappreciated have a two-fold likelihood of leaving the organization they’re working for.
5 Ways to Show Your Employees Appreciation For Their Efforts
As a small company, you might think you need more resources to afford proper employee appreciation, but there are inexpensive ways to show your staff appreciation for their efforts. Often, workers are inspired by more than monetary rewards. Implementing smaller, genuine gestures of appreciation is often more powerful than monetary rewards. Below are five such ways you can adopt in your company to show employee appreciation for their efforts:
1. Give Out Non-monetary Rewards
Do you wish to appreciate an employee for adding in several extra hours on a tight deadline? You don’t need to use financial resources to show appreciation! Rather, consider giving out non-monetary rewards, including scratch tickets, a gift card to a coffee shop, movie tickets, or other popular gifts to show your staff that you recognize their efforts.
Additionally, you can gift the best-performing workers with physical rewards, including employee of the month plaques, custom-made coins, or customized trophies. Such non-monetary tangible rewards will remind them of their achievements, boosting their morale and engagement at work.
2. Recognize Employee Achievements Right Away
The most effective and easiest approach to appreciating your staff for excellent work is acknowledging their accomplishments on the spot. Demonstrate your appreciation personally to get the desired impact of boosting your staff’s work morale. For instance, you can appreciate a worker (s) for conducting a critical meeting successfully or finalizing a key project within the scheduled time frame and allocated budget.
3. Give Your Employees Extra Time Off
Even though many workers value monetary rewards, others feel appreciated when given intangible rewards, such as extra time off. Therefore, consider offering the best-performing staff half a day off each month. You could also permit certain workers to adopt a flexible work schedule within a specific period. Or better still, you could demonstrate employee appreciation by permitting some staff to work remotely, a working system that employees in most sectors nowadays value greatly.
4. Offer Your Staff Learning and Career Development Opportunities
Another effective strategy you can adopt to show your employees appreciation is finding ways to augment their professional development. You can achieve this by providing them with opportunities, such as registering with a professional association, participating in industry seminars, or attaining a certification.
Additionally, remember that plenty of learning and career development opportunities are available within your company. You engage top-performing staff to learn about their professional goals and how you can help them grow their careers. You could also invite the best-performing team of employees to attend a top-level meeting to learn new skills.
You can demonstrate your belief in their capability by personally participating in your staff’s learning and professional development. Ultimately, this shows them that you care and are ready to assist them in preparing for future challenges in their career development goals.
5. Provide Your Employees with Fitness Opportunities
You can also show your staff appreciation for their success by offering various fitness opportunities that will go a long way in enhancing their quality of life. From attending team exercise sessions to joining an organization-sponsored sports team, workers will appreciate your effort to create a healthy workplace culture. Therefore, providing fitness opportunities is an excellent way to demonstrate to your team members that you recognize and value their input in the success of your business.
Nowadays, employee recognition is vital for the success of any business, whether small or large. A company without contended workers who feel underappreciated and undervalued will likely end up collapsing due to poor performance from team members. That’s why you should devise effective ways to show your staff appreciation for the effort they put into their day-to-day work. For starters, you can adopt the above five strategies to help your business cultivate a culture of appreciating and recognizing top-performing workers. Ultimately, doing so will help boost employee morale and engagement, enhancing overall organizational performance.