Employee Appreciation

Learn How factoHR will help you in employee appraisal program

Do you believe in employee appreciation? How do your employees like to be appreciated? When was the last time you appreciated an employee?

We all work long, hard hours. And that hard work can sometimes go without much appreciation. But it’s important to reward your employees for a job well done. Some surveys have shown that appreciation of employees has a direct correlation to employee satisfaction, and satisfied employees do better work and are less inclined to leave.

69% of employees worked harder when they felt they were appreciated, and 54% of employees would quit working at a company where they didn’t feel appreciated. It’s time to appreciate employees!

Whether you are interested in budget-friendly tips or you want to do something quick and easy, here are some clever ideas to jumpstart your employee appreciation efforts.

1. Understanding progress matters

Are you having clear path to understand the progress of your employees? Goals can be difficult: understanding the progress made towards attaining them makes them seem more manageable, and 32% of employees agree. Employee appreciation isn’t just for the big wins; it’s an excellent way to support progress and provide encouragement by giving employees feedback every time they move one step closer to completing their goals. factoHR is a platform that provides you a software where you can track the performance of an employee.

2. Respect knowledge and experience

Are your employees having enough knowledge? People work hard to cultivate their skills, and 53% of employees say respect for their knowledge and experience is their top expectation of leadership. An employee appreciation platform allows both peers and leaders to publicly praise employees for their expertise, providing the employee with further motivation to develop it further.

3. Appreciated employees are happy employees

Are your employees appreciated properly? Employee appreciation doesn’t require a huge commitment. In a recent survey of full-time employees, 75% of employees who were recognized by their manager once a month – which is a good rhythm to check in on progress to long-term goals – reported being satisfied with their job. While 85% of those that were recognized weekly reported being satisfied. The more satisfied your employee is, the more engaged they will be, and the more likely they will stay with your company for the long-term while producing stronger results.

4. A mission statement is meant to guide employees

Nearly 61% of employees don’t know what their company mission statement is. An employee appreciation program, clearly linked to a company’s mission and values, is a great way to align employees around those values. By praising and reinforcing behaviors and outcomes that line up with and support the company’s mission and values, employees are inspired to live and breathe those values every day. This in turn helps to build a unified corporate culture and makes clear to individuals how their work helps the company to achieve its goals.

5. Employees are loyal to careers, not jobs

Workplace loyalty is not derived from a job; it is nurtured through a fulfilling career.  78% of employees would stay with their current employer if they knew they had a career path instead of just a job. With employee recognition, you can identify and motivate core ability to help develop career paths for employees in a positive and organic way.

6. Provide incentives

Raises and bonuses are nice. But financial rewards might not be enough to keep your young talent engaged. Employee’s want to be promoted, and they want to keep learning and uncovering new skills and talents. When you appreciate their need for growth and supply them with the right tools, they’ll begin to thrive in your organization.

So what’s the perfect formula for an employee appreciation idea? Make it personal, relevant, timely and most of all, give it some heart. Since you’ve read through all of the above ideas, we know you can come up with the perfect idea that fits your company culture.

How does your company appreciate the team’s hard work and good character? Let us know in the comments below.

To know more about factoHR – Payroll Software, please contact +91 7820003100 or visit www.factohr.com

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Niraj Karelia

Niraj Karelia is the CTO at Version Systems Pvt Ltd and responsible for the management of design, development, implementation, and support of information systems for clients. He is responsible for application development, maintenance, testing, and infrastructure management services worldwide.