The Nashville Business Journal recently published an article focused on the top 10 ways to appreciate employees. Tips include celebrating employees on their birthdays, offering a casual dress code and providing more flextime. And while some of these recommendations seem universal in the workplace, it is startling that some employers haven’t yet implemented a formal recognition program.
Increasing employee satisfaction and retaining talent is crucial in today’s highly competitive market. The cost of hiring and training (or worse losing an “A” player) can be astronomical, when compared to the price of creating and executing a recognition program that acknowledges employees with kudos or awards. Well-designed programs boost employee morale and create a work environment that motivates individuals to go the extra mile each day and to help their employer reach their goals.
So, say thank you and offer Friday “Jeans Day,” but also look at more advanced recognition tools to formalize your efforts and motivate your team to focus on your company’s overall mission.