There is a reason why large business organizations are focusing so much on employee recognition programs these days.
It is the practice of acknowledging and appreciating an employee for his/her hard work.
If good employee recognition schemes are not implemented, then employees seek better job opportunities. It is also one of the most effective ways to retain employees.
In this article, however, we are going to take a closer look at the impact of employee recognition programs and examine if these programs really work or not.
I would strongly recommend you read this article to the end to find out the impact of employee recognition programs if you are the manager of a business organization.
So without any further delay, let us get into it.
Do Employee Recognition Programs Have An Impact? (5 Important Things To Note)
Below are the five important things to note to find out the impact of employee recognition programs.
#1: Employee Recognition Programs Enhance Employee Engagement
This is one of the major impacts of employee recognition programs. According to a report, 84% of HRs say that employee recognition programs make an impact on employee engagement.
Large Organisations strive hard to increase the productivity of the employees, but a few of them talk about employee engagement.
Employee Recognition is one of the key ways to enhance employee engagement. When employees feel they are recognized in their jobs, their level of engagement and dedication towards their jobs increases.
#2: Employee Recognition Programs Increases Productivity
According to the reports of SHRM, companies with effective employee monitoring software witnessed a hike of 63% in the productivity of employees.
As I mentioned before, all organizations want their employees to do well and be productive, but ensuring that an employee is productive is hard.
Rewarding employees with gifts from time to time with crystal apple awards will help increase your employees’ productivity.
Apart from gifts, you also need to praise your employees from time to time. According to a study by Officevibe, 82% of employees like being praised than being gifted. When gifting and praising go hand in hand, the product is taken to the next level.
# 3: Employee Recognition Programs Helps In Employee Retention
There is a famous saying stating that employees do not actually leave their company, but they leave their bosses.
You would be surprised to know that 27% of employees quit their jobs because of a lack of recognition, whereas companies that had good employee recognition schemes saw a whopping increase of 51% in retaining employees.
Employee Recognition gives employees a reason to stay in the company and work harder. If they get respect from their seniors from time to time, they get the motivation to work hard every day.
#4: Employee Recognition Programs Betters Workplace Relationships
According to the reports of Workhuman, 86% of the HR Leaders admitted that having quality employment recognition schemes helped improve workplace relationships.
Running a business organization is not an easy task; you need multiple individuals’ efforts, and therefore there should be confidence, trust, and professionalism among co-workers and the boss.
When a manager recognizes the efforts of his employees, they can perform more openly and convey ideas. All in all, employee recognition improves workplace relationships.
#5: Employee Recognition Programs Improves the Mental Health Of The Employees
It is not something that many organizations consider, but it is a very important fact given the times we live in. Implementing Recognition Programs improves the mental health of your employees.
It adds value to their lives. Having good mental health is important for productivity. Managers and HRs should start taking the mental health of their employees more seriously.
There you have it, above were the answers to Do Employee Recognition Programs Have An Impact. I hope by now you know the answer to it. I hope you found this article informative and that it has given you some important insights on the impact of employee recognition programs.