It is a proven fact that appreciation builds good relationships between company and employees. A happy member is a productive member of the team, and when he also has good relations with the company, business goals are meant to be met.
We have anyhow talked a lot about employee recognition’s importance, effective ideas, and what role does leaders & HR play in it, in our previous posts. Now, let us unveil employees’ expectations from employee recognition programs because ultimately these programs are designed to keep them happy and satisfied.
In a survey on employee recognition, employees were asked, “what type of recognition do you value the most?” According to the survey results;
- 30% of the total workers surveyed said they look forward to growth opportunity as recognition.
- 28% workers said they will appreciate ‘praise’
- 24% workers voted for rewards (gift cards/money)
- 10% said ‘Need No Reward, I know I am doing a good job’
- 9% voted for others
Based on this survey, it is crystal clear that employees yearn for growth opportunities and praise. Gen Y as well as Gen X are looking forward to a challenging career opportunities to prove their skills. It’s just that they need a right platform; and when they get that, new records are made.
According to the same survey, only 12% of employees said that they receive frequent appreciation at work. Instead, employees believe that frequency counts. They expect certain appreciation once in a week.
The figure is certainly alarming because when employee do not feel appreciated or motivated, they tend to lose interest in their work; consequences of which are obviously no secret.
Also, have a look at what happens when an employee feels recognized:
- 92% of appreciated or recognized workers said, “I feel proud to work at my company.”
- 86% said, “My job makes me happy.”
- 70% said, “I would recommend our products.”
- 59% said, “My job brings out my most creative ideas.”
With such a positive response, I hope you know what you need to implement at your organization.