A simple “thank-you” goes a long way.
Harnessing the Power of Praise: Unlocking Employee Potential with Effective Recognition Strategies
We’ve shared that feeling valued at work is a need, and along with that need is the desire to be appreciated and recognized for quality work.
As a leader, do you consistently acknowledge the accomplishments of others? When recognition is lacking, work efforts can also be lacking. Providing praise pays off!
Susan Caminiti shared in Workforce Wire that 81% of leaders say that recognition isn’t a major strategic priority for their company.
She also shared that:
As a leader, do you consistently acknowledge the accomplishments of others? When recognition is lacking, work efforts can also be lacking. Providing praise pays off!
Susan Caminiti shared in Workforce Wire that 81% of leaders say that recognition isn’t a major strategic priority for their company.
She also shared that:
· Employees are 73% less likely to feel burned out when recognition is offered
· That companies that make employee recognition a priority have workers who are 56% less likely to be looking for a new job
· Nearly two in three leaders say their company has no budget allocated to recognition programs
In a Global Gallup poll of hundreds of organizations and thousands of teams in a variety of industries, 25% of the employees strongly agreed that they had received recognition or praise for doing good work in the last week. Does that number feel low to you?
The entire article: From Praise to Profits: The Business Case for Recognition at Work provides many statistics worth reading, but we want to highlight the Five Key Pillars they shared that are required for a successful recognition program:
1. Fulfilling: It feels appropriate to the accomplishment
2. Authentic: It feels genuine rather than a formality.
3. Personalized: It’s the way someone wants to be recognized.
4. Equitable: It’s about achievement, not favoritism.
5. Embedded: It’s part of the values and practices throughout the organization.
How is your recognition process? Are the 5 Pillars helpful? Sharing praise will foster a work culture that is positive, motivating, and energized, and will ultimately increase your results.Mike and Jan
Research indicates that employees have three prime needs:
Interesting work, recognition for doing a good job,
and being let in on things that are going on in the company.
–Zig Ziglar
About PeopleTek:
PeopleTek is a renowned coaching organization dedicated to cultivating leadership excellence. With decades of experience, our team of skilled coaches and facilitators empowers leaders to unlock their full potential and drive sustainable growth. Our tailored programs, workshops, and coaching services help individuals and organizations navigate the complexities of leadership, fostering a culture of collaboration, innovation, and success. At PeopleTek, we believe that leadership is a journey, and we are committed to guiding you every step of the way.