“Organizations with recognition programs which are highly effective at enabling employee engagement had 31% lower voluntary turnover rates 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’s 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 culture doesn’t just make your employees happy; it makes them more productive. Throughout the great resignation, culture was one of the most cited reasons for sales reps looking for new employment opportunities. A great sales culture can help you reduce your turnover rates, which will in turn reduce operating costs, as it generally takes about 11 months to fully ramp up a new sales rep. One of the best ways to strengthen your organizational culture is through daily recognition. People crave acknowledgment for their efforts–both from their peers and their managers–and a little can really go a long way. This is even more important during that initial ramp-up period, as most sales teams report a 40% turnover rate in that first year. 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
We have seen a massive spike in fully remote workforces over the past few years, and keeping your sales team close, in competition with one another, and motivated has never been harder. 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 across the entire team. Updates are broadcast to TV screens across offices along with a personal soundtrack and optional YouTube video. These updates are also pushed across computer screens, mobile apps, and any other screens your team may be using. So, the next time you close a deal, hit your team with the rocky theme, or maybe rickroll your whole team for your next prospect added to sequence.
Boost employee motivation with rewards
It goes without saying, but providing your team with the proper motivation can make a world of difference. 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 your employees are motivated by. 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 could actually decrease their motivation to succeed in a competition. Of course, you can always skip this step and give your employees access to our amazing and ever-expanding rewards shop! 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 real-time data throughout your office(s) during the day. Not only is this useful for 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 has an impact. In fact, “purpose-oriented employees experience 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 annual 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 sales team by baking best practices into their daily routine, motivating them with great rewards, and working hard to hit milestones that benefit themselves, and most importantly, your company. 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 or your remote workspaces, allows you to get to know your co-workers through their soundtrack/video selections, and encourages socialization. All these things lead to better company culture, happier employees, and less turnover.