Did you know that 75% of employees would feel satisfied with their job if they received recognition?
Employees show up to work every day for all kinds of reasons. However, very few employees show up to work for the sole reason of helping their employer make more money. Fewer employers realize that feeling valued at work can help them make more money.
Why is this? What is the relationship between employee well-being, engagement, and financial performance?
We are going to answer these questions and more in the paragraphs below. Keep reading to learn more.
Minimize Employee Turnover
A study by the Society for Human Resource Management found that employees who feel valued at work are likelier to stay with their company. Employee turnover is very costly for companies. The costs associated with recruiting and training new employees can be substantial.
When employees leave, it can also disrupt the work environment and negatively impact employee morale. Therefore, companies need to do what they can to minimize employee turnover.
One way to do this is by making sure that employees feel valued at work. When employees feel valued, they are more likely to be satisfied with their jobs and less likely to look for new opportunities. There are several ways to make employees feel valued, such as providing them with opportunities for professional development, offering competitive salaries and benefits, and creating a positive work environment.
You can also use an employee recognition platform to make employees feel valued. The system can provide you with a much more detailed program on what are the things you should recognize employees for and how to reward them for their achievements.
Recognition Motivates Employees
When employees feel appreciated, they are more likely to go above and beyond to meet the company’s needs. A simple “thank you” can go a long way in making an employee feel valued.
In addition to recognition, employees need to feel like they are a part of something larger. They need to feel like their work is meaningful and that they are contributing to the company’s success. When employees feel like they are part of a team and that their work is essential, they are more likely to be motivated to do their best.
It Benefits Your Reputation
A company known for valuing its employees is usually well-regarded by the public. Furthermore, it helps to create a more positive work environment.
It simply makes good business sense to invest in your employees. After all, they are the ones who help to make your company successful.
Increased Employee Productivity
Employees who feel valued at work are more productive. When employees feel valued, they feel appreciated, leading to higher morale. High employee morale leads to increased motivation, leading to increased productivity.
Furthermore, feeling valued at work can lead to employees feeling a greater sense of ownership over their work, which can lead to higher quality work.
Importance of Employees Being Valued at Work
Employees feeling valued at work is more likely to stay with their company and be productive. Furthermore, employees who feel valued are also more likely to say positive things about their company to others. Therefore, companies must make their employees feel valued to retain them and improve their reputation.
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