Employee recognition lets employees know that their hard work is appreciated. It doesn’t have to cost the business anything – it can be done in less than five minutes. The results of which can have a lasting impact. Recognition is also connected with higher profits, higher customer satisfaction, and lower rates of employee turnover. Employees like to feel like they are part of a team and family. In most cases, employees spend more time with their co-workers than they do with their friends and family. Employee recognition programs play a pivotal role in increasing employee engagement and satisfaction. By communicating to employees how much their work is valued is an important but often overlooked way to maintain high levels of workforce satisfaction and retention. The below infographic gives us all the facts and statistics on why employee recognition is so important for your business’ performance.
About the Author
Davitt Corporate Partners is an organisation made up of highly motivated and dedicated corporate psychologists with experience in everything from life coaching to talent management. Based in Dublin, they have extraordinarily strong strategic business partners in the UK, Europe, Australia and the US. In the below infographic that they produced, we look at the reasons why employee recognition is so vital for a business’ success.