What value do you place on making sure those around you feel
appreciated for their efforts? I
know…they get PAID…isn’t that enough? Apparently not. In a recent Gallup poll,
only 1 out of 3 workers felt strongly that their efforts were appreciated,
while the other 2/3 were disengaged and were twice as likely to say they would
leave the company as compared to those who felt appreciated.
Interestingly, recognition costs nothing, yet its value is
priceless. It encourages people to do well again, builds morale, and engages
your organization to outperforming non-engaged organizations by 167% according
to the results of the poll.
A word of caution however, as praise and recognition are
only valuable when the accolades are meaningful, authentic, and honest. Consider the “PRAISE” model:
Public
Recognition
Authentic
Immediate
Specific
Enthusiastic
When these elements are included the praise is well-received
fostering employee engagement, increasing motivation and pride in the
organization.
One final note. According to the poll, it is significant who
offers the praise. While 24% responded that the praise was best received by the
CEO, 28% said it was from their direct manager that the praise was most
memorable.
As leaders, we should look to provide positive feedback,
encouragement, and recognition to help fuel employee engagement and
productivity. I costs nothing, but
it can produce significant returns…
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