Do you know that :
* 68% of employees said it was important to believe that their work was APPRECIATED by others?
* 63% agreed that most people would like MORE recognition for their work?
* Only 8% thought that people shouold NOT look for praise for their work efforts?
(*based on a survey by the Minnesota Department of Natural Resources)
Recognition is more important now that in the past – especially in today’s Generation Y and Z employee population.
If you know how to APPRECIATE your employees, then you hold a very important ‘weapon’ to defend against low morale and worker dissatisfaction.
Appreciation does not have to always be in monetary form or it can be too costly and lose its effect after continued use.
Below are 3 powerful considerations in demonstrating appreciation :
1. Match the appreciation to the employee’s preferences
2. Match the appreciation to (the size of) the employee’s contribution.
3. Ensure timely appreciation to be effective.