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:
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…