What goes unnoticed can have serious implications in your organizational culture. We discovered from our Employee Retention Report that 79% of employees don’t feel valued for the work they put in.
The top factors for this high number are employees feeling unappreciated for their work and not receiving enough recognition for their efforts.
Our findings conclude that:
- Employees who feel valued are more likely to stick around
- The more recognition an employee receives, the more fun they believe their office to be
- The more valued an employee feels, the more satisfied they are with their colleagues
- An employee who feels valued will rate their direct supervisor more positively
Here are a few tips on how you can start sparking a culture of recognition:
1. Foster collaboration
70% of employees credited their peers for creating an engaging environment. Give them the space they need to collaborate, whether it’s a quiet corner with couches and chairs, or a room that’s always open for brainstorming sessions. Spontaneous meetings are oftentimes where the best ideas are born.
2. Spread the recognition around
Don’t rely solely on managers and supervisors to do the recognition. Much of day-to-day interactions across different members of teams contribute to the overall ecosystem of a happy workplace. We like to call this the peer-to-peer recognition tool. Encourage everyone to participate in recognizing each other’s efforts.
3. Aim to hire culture fits
Stress your company’s goals and values for job candidates. This will create a culture where everyone shares similar beliefs, further leveraging your company’s mission.
4. Promote true leaders
Before you promote someone into a managerial position, be positive that they embody leadership qualities that are aligned with your culture. Measure how they interact with their colleagues. Do they mentor their peers? Are they always willing to lend a hand?
Most importantly, the moral of our findings is this: don’t ignore employee recognition. It’s one of the most important factors in employee happiness and retention.
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- 4 Ways Companies Make Their Employees Feel Appreciated