In today’s competitive search for talent, many organizations and leaders are looking for new strategies to attract and retain their top performers while increasing organic growth and employee productivity. From offering new perks to designing flexible workplaces, company efforts to optimize the workplace are stronger than ever.
But in their search for new ideas and approaches, many organizations are constantly overlooking one of the most easily executed strategies for improvement: Employee Recognition.
According to recent analysis, only one in three workers in the U.S. strongly agrees that they received recognition or praise for doing good work in the past seven days of their performance. At any given company, it’s not uncommon for employees to feel that their best efforts are routinely ignored. Furthermore, employees who do not feel adequately recognized are twice as likely to say they’ll quit in the next year. This element of engagement and performance might be one of the greatest missed opportunities for leaders and management.
Workplace recognition motivates, provides a sense of accomplishment and makes employees feel valued for their work. Recognition not only boosts individual employee engagement, but it also has been found to increase productivity and loyalty to the company, leading to higher retention.
Beyond communicating appreciation and providing motivation to the recognized employee, the act of employee recognition also sends messages to other employees about what success looks like. In this way, recognition is both a tool for personal reward and an opportunity to reinforce the desired culture of the organization to other employees.
At Lane Award Manufacturing, we understand that excellence deserves proper acknowledgment. That’s why we take pride in developing the highest quality gifts, promotional items, and handcrafted awards for every occasion.
Come experience our world-class service and quality creations for every achievement of excellence and distinction. With Lane Award, companies of all sizes can take their workforce to the next level, and truly Experience The Power Of Recognition™!