How to Create A Culture of Appreciation in Your Team
Posted: May 4th, 2022
Are Your Employees Feeling Valued and Appreciated?
Recent research with over 200,000 employees worldwide highlighted that one aspect of work had not changed because of the pandemic: Employees want their colleagues and leaders to show them appreciation.
Let’s just take a moment to reflect on the most recent data around Appreciation in the workplace
• Improves employee engagement. When appreciation is an integrated part of the company culture, organizations are 4x more likely to have highly engaged employees
• Boosts productivity. There is an 18x increase in the probability of employees going above and beyond and delivering timely results
• Helps to retain employees. 53% of people said feeling more appreciation from their boss would help them stay longer at their company.
• Consistent appreciation and recognition can add 3.5 years to an employee’s tenure.
• Impacts bottom line results. Organizations that practice Appreciation effectively are 12x more likely to have strong business results like increases in shareholder return.
• Employees who feel appreciated are 44% less likely to suffer from burnout
• 54% of employees who left their jobs in the past 6 months did not feel valued by their organization
• Global studies reveal that 79% of people who quit their jobs cite “lack of appreciation” as their reason for leaving.
Showing appreciation for employees is especially important if you’re in a leadership role. As leaders, valuing employees in the workplace is an effective way to build teams and improve workplace culture so people do their best work and want to stay.