If you’re like many workers this side of the Atlantic, you probably can’t remember the last time you were praised by your boss for doing a good job. And that is, well, sad, but also bad for business.
An epidemic of neglect is driving employees away. The top reason people quit their jobs is because they don’t feel valued at work. A staggering 79% of employees would rather stay in jobs where they feel valued, even for less money.
Showing appreciation for your employees may be the difference between keeping and losing them.
The Importance of Praise
Praise and recognition have a significant impact on business. People who feel valued are more engaged at work. Engaged employees are more productive, and productive employees are good for business.
Employee recognition also helps create a positive work environment that supports teamwork and collaboration, thus boosting employee engagement, productivity and retention.
So anyway you look at it, praising employees for a job well done makes sense.
How You Do It: 7 Tips
1. Provide Regular Feedback
Employees want to know how they’re doing and what they can do to improve.
2. Be Specific in Your Praise
3. Give Praise in Public and in Private
4. Celebrate Achievements
5. Offer Rewards
Employee rewards–such as bonuses, time off, gift cards and perks–are a great way to recognize and motivate employees.
6. Create a Positive Work Environment
7. Provide Advancement Opportunities
Access to professional development opportunities shows employees you’re invested in their growth and success.
Praising your employees is a simple yet effective way to build a strong and engaged workforce. By taking the time to show your appreciation, you can reap the benefits of a more motivated and productive team.
