How Does Employee Recognition Impact Employee Wellbeing

#Wellbeing
Nov 25, 2021 · Blog
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As individuals we’ve spent a lot of time recently investing in what makes us feel good, and we certainly deserve to after the couple of years we’ve had! Living throughout a global pandemic is no easy feat, right?

 

Even though it’s been difficult for a lot of people, there are still positives to be taken from this experience. We've learned a lot about ourselves and why our wellbeing and that of those around us is key to our health and happiness. Wellbeing has become such a focal point that we’re finally starting to see some progress in the workplace too!

 

Recently we’ve seen companies across the world vamp up their wellbeing initiatives to encourage employee wellbeing. It’s about time too! Business leaders are finally catching on that alleviating any work-related stress and supporting employees outside of work can have an incredible impact on the overall success of their company. 

There is a lot of evidence out there that supports successful employee wellbeing programs being key to a successful business, in fact a recent study found that happy employees were 13% more productive!

 

But what’s the key to a successful employee wellbeing program? Well, we’re glad you asked! Read on for the answer...

If you’ve read our blog post on the power of workplace gratitude, you might already know the answer to this question!

Gratitude is the quality of being thankful and is extremely important for our health and happiness. It can all help us feel more positive emotions, seek rewarding experiences, build strong relationships and most importantly, improve our wellbeing! Within the workplace, gratitude has been linked to higher productivity, better job satisfaction, less stress and fewer sick days – but not on its own!

This is where recognition comes in 🗣

Recognition is a special acknowledgement, notice or attention. When you pair gratitude with acts of recognition you are contributing a positive impact to a person's mental health, self-esteem, and wellbeing. In the workplace, this is the perfect strategy to help create and maintain a fantastic company culture!

 

Let’s dig a little deeper...

 

What is employee recognition?

Employee recognition is the act of acknowledging your staff for their efforts and business achievements in order to encourage, support and value their work within a team. Employee recognition has been recognised as one of the most important factors in driving workplace engagement, productivity and employee retention.

When a company starts to recognise its employees, studies have shown that it can lead to increased employee morale and lower turnover.

Why is employee recognition important and how can it impact employee wellbeing?

Very few employees will feel truly appreciated and recognised for their hard work through their salaries alone. Don’t get us wrong, pay day is still going to make them feel good, but for them to feel valued it’s vital that their work also gets appreciation through an adequate reward and recognition program. If you’re a business owner or management in charge of a team who needs some recognition, the good news is- it doesn't take much to do this and make a positive impact!

The importance of employee recognition is in the data that has proved time and time again that appreciation and recognition are integral to creating a positive work experience. Based on a study of more than 23,000 workers, results showed that when employees receive recognition for doing good work, 83% report a more positive employee experience. This dropped to only 38% when they didn't receive employee recognition. The results speak for themselves!

Let’s take a look at some more statistics.

·     44% of employees switch jobs because they didn’t get adequate recognition for their efforts

·     63% of employees who feel recognised are unlikely to look for a new job

·     53% of employees say they would stay longer in a company if they feel appreciated.

What we learn from these results is that recognition plays a huge part in the overall happiness and job satisfaction of an employee!

Employee recognition will also motivate your employees to perform at a higher level and keep them engaged with the company goals.

So, what’s the next step to helping your employees and supporting their mental health in the workplace? It’s time to up your recognition game!

5 Best Practices to create a successful employee recognition program:

1.  Recognise the big and the small

One of the biggest mistakes you could make when rolling out an employee recognition program is only rewarding your staff for their major accomplishments.

2.  Be specific

How will an employee remember that they’ve done something well if you aren’t specific about what you’re praising them for?

Employee recognition should be given for behaviours, efforts and accomplishments, so make sure the employee knows what they were. This way they’re encouraged to keep up the good work as well as giving their co-workers a positive role model that’s showing good behaviour.

3.  Make sure employee recognition is well-timed

Being timely with employee recognition is another way to make it as meaningful as possible.

When employees are recognised for their work immediately, it helps them assess the recognition as authentic. If something they did months ago is brought up it might result in them believing their work went unnoticed. Make sure you put a system in place that helps you stay on track with the progress and accomplishments of your employees, so they never feel left out.

4.  Get everyone involved

Encouraging employees to share recognition amongst themselves is a great way to unite a team.

Being responsible for sharing out their own appreciation, and praise to peers and colleagues builds a great foundation for a successful employee recognition culture. Peer recognition helps create stronger bonds amongst employees as well as their superiors. This could be done by getting employees to nominate a winner for selected tasks and accomplishments.

Check out our blog post on peer recognition if you're looking for more advice!

5.  Connect to the company values

The whole point of employee recognition at work is to help them see how they contribute to the success of the company overall.

Making sure that employees know how their involvement and efforts support the long-term success of the company won’t just benefit them, it will benefit the entire organisation. Regularly share company updates with staff so that they can focus on the same business goals that earn them appreciation and recognition for their work.

 

 A final note...

The best employee recognition programs don’t take a lot of effort, just time and preparation that could transfer the whole company! At HappyCo. we specialise in helping you give recognition to your staff through thoughtful gifts, and it's never been easier. Just head over to our gifting marketplace to find an answer to your appreciation and recognition needs.

 


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