If you feel like your efforts are being recognised, you don’t mind working hard. You’re prepared to put in that extra effort. In fact Quantum research discovered that when employees believe they will be recognised, they are 2.7 times more likely to be highly engaged.
This is backed up by a Glassdoor report which revealed 70% of employees feel better about themselves if their boss thanks them regularly. Flip the coin, and Gallup claim that lack of recognition is the number one reason people decide to walk away from jobs.
It’s no wonder that the SHRM Globoforce Employee Recognition Survey found that out of companies spending 1% or more of payroll on recognition, 85% notice a positive impact on engagement. So, if recognition is such a key driver, isn’t it time to review your employee experience to ensure recognition is optimised – and you’re embedding free and simple ways managers and peers can recognise their teams into your company culture?
We think so.
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