Today, recognition at work is much more than just a formality or a polite gesture. It is an essential component of organizational culture that can have a significant impact on employees, organizations, and customers. Numerous research studies highlight the multiple benefits that recognition brings to all parties involved. Read our article until the end to learn all about the benefits of recognition.
The benefits of recognition on employees
The impact of recognition on employees is undeniable. Several statistics show that employees who feel appreciated and recognized for their work tend to be more engaged and motivated.
According to a study conducted by Gallup, employees who feel regularly recognized are twice as likely to be engaged at work. They are generally more loyal to their employer and are less likely to seek opportunities elsewhere. Additionally, recognition at work can have a positive impact on employee productivity. When individual contributions are recognized and valued, employees are invested in their work and seek to improve their performance.
Recognition can also contribute to employee well-being. Being recognized for your work boosts self-confidence and a sense of satisfaction. This in turn can have positive effects on workers’ mental health. Happier, less stressed employees are not only more productive, but are less likely to suffer from burnout or other work-related health problems.
Also read: Why implement an employee recognition program?
The benefits of recognition on the organization
For organizations, recognition at work also brings many benefits. For example, companies that implement effective recognition programs benefit from better employee retention. According to a study conducted by Bersin & Associates, companies with well-established recognition programs have a 31% lower employee turnover rate than other companies.
Additionally, when recognition is an integral part of company culture, it fosters a positive work environment in which employees feel valued and respected. This can lead to increased collaboration, camaraderie, and greater team cohesion. As a result, productivity and overall company performance are improved.
Finally, it plays an important role in building a strong employer brand. Companies that are known for recognizing and rewarding their employees often attract the best talent in the market. Potential candidates are more eager to apply to companies where they know they will be appreciated and rewarded for their contributions.
The benefits of customer recognition
Finally, while it may seem less obvious, recognition at work has a positive impact on customers. Studies show that happy and engaged employees provide better customer service. On the one hand, when employees feel valued and respected by their employer, they are more likely to demonstrate empathy, patience, and professionalism in their interactions with customers. On the other hand, customers appreciate companies that provide them with quality service and a positive experience during every interaction.
Also discover: How to motivate staff using recognition at work?
Integrate effective recognition into your business with Accolad
Having a successful business, engaged employees and satisfied partners is the wish of every good employer. This goal can only be achieved by implementing an effective recognition program, as evidenced by the studies presented in this article.
Accolad, as an expert in recognition solutions for small and large businesses, offers a turnkey recognition solution for corporate gifts. Its self-service recognition platform also gives you the ability to automatically send personalized gifts to multiple employees. Say goodbye to the tedious management of your recognition gifts! With a simple gesture, you can offer the perfect gift for any occasion.
The unique feature of our solution is that we send Accolad discount codes of the desired amount to your employees, customers or partners. They can then apply their code in our online rewards store or in a rewards store that reflects your image. A host of choices are available to them! If your company is committed to offering local rewards to its employees, know that our catalog includes many high-quality Quebec products.
Accolad’s priority is to meet all your challenges in terms of recognition at work, retention and recruitment of qualified personnel. To see for yourself the benefits of creating a culture of recognition, take action now!