“Organizations with recognition programs which are highly effective at enabling employee engagement had 31% lower voluntary turnover than organizations with ineffective recognition programs.”
Recognizing your employees for their hard work is essential–not only for employee satisfaction levels, but also for your company bottom line. Happy employees perform better, stay longer and contribute to a more positive work environment.
So, the benefits are many, but here are our top 5 ways that employee recognition can contribute to a happier and more profitable workplace.
Build stronger company culture through daily recognition
Good company culture is an important part of any organization–it can influence everything from performance and profitability to employee engagement and turnover rates. One such way to strengthen your organizational culture is through daily recognition.
People crave acknowledgement for their efforts–both from their peers and their managers–and a little can really go a long way. Try out a simple “way to go!” or a “you’re appreciated” and begin to build a culture of respect and appreciation in the office.
Use screen celebrations to connect offices across locations
In today’s modern business world, it can often be difficult to keep everyone connected–whether within your office or across multiple office locations. Screen celebrations are a fun way to make sure achievements and important milestones never go unnoticed and to make sure that everyone is on the same page, no matter where they are.
So, when Jim closes a deal or Erin makes a customer happy on support, SalesScreen ensures that employees are noticed and appreciated for their hard work. Updates are broadcast to TV screens across offices along with a personal soundtrack and optional YouTube video.
Check out our latest batch of YouTube celebration video ideas!
Boost employee motivation with rewards
Sometimes people need a little incentive to increase their activity and complete key tasks. Implementing an employee rewards program is an effective way to boost employee motivation and drive behavior on important KPIs.
When introducing a rewards program, aim to find out what actually motivates your employees. Get to know them, talk to them one-on-one, take a survey and find out what meaningful rewards look like to them. Remember if you offer rewards that your employees have no desire for, it will certainly not result in an increase in motivation.
Need some inspiration? Here’s a brilliant list of employee reward ideas.
Implement TV screens to increase awareness
Aside from projecting celebrations on your TV screens, it is also a great way to increase employee awareness about all company goings-on. With SalesScreen, you can create customized slides to project this real-time information throughout your office(s) during the day. Not only is this useful in regards to cultivating an open, transparent work atmosphere, but employees are also significantly more motivated when they are kept in the loop and feel like their work is purposeful and actually having an impact. In fact, “purpose-oriented employees experience 64% higher levels of fulfillment in their work compared to non purpose-oriented employees.”
Reduce turnover with personalized appreciation
The Center for American Progress “found that turnover can cost organizations anywhere from 16% to 213% of the lost employee’s salary.”
“The number-one reason that most Americans leave their jobs is that they don’t feel appreciated.”
As we discussed earlier, building a culture of appreciation is important for increasing employee engagement and motivation–and of course, for reducing employee turnover. SalesScreen empowers your employees by allowing them define their own celebration style and change it whenever they want. With YouTube celebrations, you can upload a video of your choice to play when you complete an activity or hit an important milestone. It also creates a fun atmosphere throughout the office, allows you to get to know your co-workers through their soundtrack/video selections and encourages socialization.
All of these things lead to better company culture, happier employees and ultimately, less turnover.