The hard work and valuable contributions of employees play a huge part in the success of a business. However, recognition which praises and acknowledges this is something which can often be overlooked by employers.
Recognising the contributions of employees doesn’t just let them know that they’re valued. It’s also good business practice. Recent research highlights the significant benefits of employee recognition which hits the mark.
So, when should businesses provide employee recognition? And what are benefits for both employers and employees?
What is employee recognition and what does it involve?
A recent report by Gallup explains that workplace “recognition refers to praising, acknowledging or expressing gratitude to employees for who they are and what they do. It involves taking time to thank employees, giving them credit for good ideas and acknowledging their accomplishments.”
This will generally focus on work output and work-related achievements, It might also recognise work-related milestones – e.g. a promotion of employment anniversary.
Gallup suggests there is a dual-value to recognition of these types of achievements and milestones, noting they “celebrate employees’ achievements while sending important messages about the value placed on progress and continued commitment.”
What employees want
Gallup’s report found employee recognition can have a range of benefits relating to employee satisfaction, engagement and retention.
For example, it was found that when recognition hits the mark in the eyes of employees, they are:
- 73% less likely to feel burned out at work,
- 56% less likely to be actively looking for a new job, and
- 44% more likely to feel that they are thriving in life in general.
Additionally, the report found that when workers are satisfied with the level of recognition they receive, they are substantially more likely to feel connected to their workplace culture, to be engaged at work and to see a path for future growth at their workplace.
Despite the clear (and numerous) benefits of workplace recognition, it seems this isn’t actually a priority for many businesses.
For example, Gallup found 81% of business leaders reported that recognition is not a major priority for their organisation, while 73% admitted that their organisation doesn’t offer best-practice training for their managers in relation to employee recognition.
When it comes to employees, only 23% felt that they received the right amount of recognition for their work.
How should recognition be given?
Gallup’s findings make the value and benefits of workplace recognition very clear. So how exactly should these types of recognition be given?
The most effective forms of recognition can vary significantly between organisations, and some businesses may have their own particular approaches to this.
However, having formal systems in place can have clear benefits – such as giving recognition a higher degree of importance in your workplace. This might involve employee of the month ceremonies or annual awards ceremonies.
Financial incentives (such as gift cards) can also be worth considering and can help make employees more likely to see a future at their organisation.
But workplace recognition shouldn’t just occur in these settings and for these reasons. Gallup’s findings suggest that most employees would like to receive recognition at least several times a month.
However, this number should really be understood as the “bare minimum” and there’s no such thing as “too much” recognition as long as it’s considered to be genuine.
It’s also important to remember that recognition should be personalised and equitable – for instance, some workers may feel uncomfortable being praised in front of co-workers, while others may enjoy the spotlight.
In terms of equity, managers should be aware of perceptions that some workers may receive disproportionate levels of recognition in relation to their colleagues.
In this regard, Gallup found that only 26% of employees felt that they were receiving a similar amount of praise compared to colleagues who were performing at similar levels.
Is your business doing enough?
Each workplace is different and it can be difficult to know if the amount and type of recognition employees are receiving is considered enough.
Employee surveys, such as Akyra’s HR Snapshot, can help businesses to better understand the views, needs and expectations of employees when it comes to issues such as workplace recognition – and whether your business is going enough.
The results of these types of surveys can inform decisions and help you to understand whether your ‘people stuff’ is adequately positioned to contribute to your overall business success.
Akyra’s Key Takeaways
- Workplace recognition involves acknowledging and praising the achievements and milestones of employees
- Research shows that when recognition hits the mark in the workplace, employees are more engaged, connected and less likely to be looking for work elsewhere
- Despite these benefits, 81% of businesses do not prioritise workplace recognition or have formal recognition systems in place
- Employee surveys, such as Akyra’s HR Snapshot, can help businesses to gauge whether or not they are doing enough when it comes to workplace recognition and identify areas that need improvement
NEED MORE INFORMATION?
Akyra can help your business to assist and support all your questions and concerns related to workplace recognition. Please contact Akyra on 07 3204 8830 or book a free 30-minute consultation for an obligation-free conversation.
Disclaimer – Reliance on Content
The material distributed is general information only. The information supplied is not intended to be legal or other professional advice, nor should it be relied upon as such. You should seek legal or professional advice in relation to your specific situation.
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https://www.gallup.com/analytics/392540/unleashing-recognition-at-work.aspx, https://www.forbes.com/sites/ashiraprossack1/2021/08/30/why-recognition-matters-in-the-workplace/?sh=775a030b50a7, https://medium.com/interact-software/12-employee-recognition-ideas-to-try-in-your-workplace-d08ec664bdbc