Appreciation is said to be the most important factor of workplace happiness. According to recent research, people who have been appreciated or praised for their work are 70% more likely to be happy with their job and their employer. On the other hand, those who haven't been appreciated are only 39% likely to be happy with their job and their employer. This shows how crucial it is to appreciate and recognise employees for their hard work and dedication.
But how does appreciation affect engagement at work?
It has been found that if an employee believes that they will be appreciated for their work, their work engagement is 2.7 times higher compared to those who don't feel appreciated. This is a significant difference and shows that employee appreciation and recognition directly influence engagement and work morale.
Employee appreciation is not only important for employee engagement, but it also creates a stronger bond between the employee and the employer. When employees feel appreciated and recognized, they are more likely to be loyal and committed to their job and the organisation they work for.
There are many ways to show employee appreciation and recognition. It can be as simple as saying thank you, providing public recognition, offering professional development opportunities, gifting, or providing monetary rewards. It is important to find out what works best for each individual employee and tailor the appreciation accordingly.
Source: Harvard Business Review study of 1000+ employees