As a boss, you need to be able to come up with an efficient employee recognition idea. Companies with a solid strategy to recognize and reward their staff enjoy a great working atmosphere, stronger engagement and a high level of productivity. Its all about acknowledging the hard work, efforts and achievement of individuals within your organization. It fosters an emotional connection and the employees feel valued. Among the numerous benefits that can be derived from employee appreciation is the fact that you are also doing your company a lot of good. It sounds like a no-brainer, right? It has been proved that a company that recognizes and appreciates its employees could boost its ROI by up to 30%.
This is because the employees have a morale boost, a sense of belonging and they no longer see themselves as a staff but rather they see the business as theirs. They in turn put in extra effort to support the vision and it results in an increased productivity level. It is also a good PR technique to reward your employees. It projects a good image of your organization and clients love to deal with a happy company. Employee recognition is really a win-win when you think about it.