Appreciation is much more than a pat on the back. Appreciation and recognition are the building blocks of a healthy corporate culture.
Gallup research shows that employees who do not feel adequately valued are twice as likely to leave the company in the coming year. Another study by SHRM shows that 68% of companies that strategically handle recognition score significantly higher on employee engagement.
One way to facilitate appreciation is by organizing frequent feedback sessions. It’s important to note that there isn’t a ‘one size fits all’ approach. The old adage, “my door is always open,” doesn’t work (for everyone). Some employees actively seek feedback, while others prefer to leave the initiative to their supervisor or the company. By the way, this is one of the things that Kazi addresses.
In short;
🔍 Visibility: Recognizing and valuing employees ensures that team members feel seen and heard.
❤️ Motivation: A simple ‘thank you’ can boost morale, leading to increased enthusiasm and higher productivity.
🔄 Retention: When employees feel valued, they are more inclined to stay.
Appreciation is the first part of the company culture ABC. Inspired by an image from Hacking HR.