55% of workers say they would leave their current jobs for a company that clearly recognizes its employee efforts and contributions
47% of employees cite a lack of recognition or a negative company culture as a reason for leaving their last employer
And according to our own data, just 21% of employees feel strongly valued in their workplace, and just 1 out of 4 feels fully recognized for doing great work.
The takeaway is clear: let your staff go unnoticed, and they won’t be a problem for you much longer. They’ll be packing up their desks and practicing their goodbye waves.
Time To Step Up Your Game
There’s a catch, though, getting back to Glassdoor’s survey: not all appreciation appears equal.
24% said their boss shows more appreciation to more experienced employees
23% said their boss shows more appreciation to newer employees
28% said their boss shows more appreciation to other workers (regardless of experience)
If a whopping 81% of workers say appreciation motivates them, it stands to reason that all workers need to feel appreciated equally. So be careful how you handle this kind of feedback. It’s vital to note how, when, how often, and to whom that feedback goes so the team feels a balance.
All that said, there’s a bright spot here. As it turns out, 68% of employees do in fact feel that their boss shows them enough appreciation. But that doesn’t mean you’re off the hook; 53% of them still say they would stay longer if they felt more appreciated.
Time to start paying attention. Your staff will appreciate it and stick around.