Employee Appreciation Day is finally here, and we’re excited to share some advice on making the day special for your employees!
Make no mistake – Employee morale is crucial to the success of your business, regardless of industry. That’s why Employee Appreciation Day is so important, serving as a yearly reminder to treat employees with respect for their hard work and build up the people that make your business special. But if you missed it this year, don’t fret! Employee appreciation is a year-long commitment, not a single-day celebration; it’s never too late to show your employees how much they matter to you. But how important is showing appreciation to employees, when you get right down to the numbers?
Incredibly. Employees who feel appreciated within their organization consistently work harder and more efficiently, both reporting and recording higher returns that scale proportionally to their sense of value in the office. According to the American Psychological Association, feelings of value directly translate into higher productivity, regardless of associated industry. A sense of being valued within the business also has a positive impact on employee wellbeing more broadly, with those who feel valued reporting higher levels of work-life balance and employment satisfaction, even with all other relevant factors kept static.
How does Employee Appreciation affect turnover?
There’s good evidence that employee appreciation is the most important, or at least one of the most important factors in employee retention. A study from the Harvard School of Business found equity, recognition of achievement, and a sense of camaraderie as the three key elements of ensuring high employee motivation, all of which are strongly tied to a sense of employees feeling valued and appreciated. These factors directly correlate to rate of retention.
Considering positive workplace culture increases both productivity and employee retention, it’s easy to see how cultivating a feeling of appreciation amongst employees can lead to direct, significant benefits for your business. Most importantly of all, however, is that employee appreciation cultivates a generally positive work environment, which, in turn, creates a positive feedback loop that encourages good work culture. When employees feel comfortable and safe with their co-workers and managers, every measurable aspect of their work (and indeed often their lives outside of work) significantly improves. While an honest and positive environment also serves as a safeguard against negativity and factionalization that can turn workspaces hostile and severely impact employee morale, job satisfaction, productivity, and retention.
Using Employee Appreciation Day to build a Healthy Work Culture
With all this in mind, making employee appreciation day a part of your workplace schedule can be a great way to show your employees that you care. But ultimately, it’s the little things adding up that build a conducive and healthy atmosphere – even down to simple little matters like remembering to say thanks after an employee turns in something they’ve worked hard on. Small trinkets and signs of appreciation can go an incredibly long way. It’s rarely the dollar value that matters, but instead the fact that you’re putting in thought to show you care.
PerkSpot can help make recognizing your employees easy, giving you a wide selection of customized gifts to make your employee’s days a little brighter – but from gift-giving to a simple heartfelt thank-you, there’s any number of ways to show you care about your employees. How you choose to foster a positive work environment is up to you, but both your employees and your bottom line will thank you for doing so!