Leaders, did you know compensation and financial reward is a poor long-term motivator for employees?
Studies show 79% of people who leave their jobs voluntarily do so because of lack of appreciation.
So, it makes sense to communicate appreciation to your employees.
Extending Appreciation
Let’s break it down. When an employee feels appreciated they:
- Show up to work on time or simply show up (absenteeism rates go down).
- Handle tasks correctly and follow directions.
- Have less conflict with others in the workplace.
Dr. Paul White, co-author of The 5 Languages of Appreciation in the Workplace, states “The research shows when there is appreciation in the workplace, productivity and profitability go up by 22%.”
As you can see when there is appreciation, lots of good things can happen.
Turning to the business side of things, customer service ratings can go up as well. Because if your team feels valued, they're more likely to be cheerful and helpful to your customers.
In summary, when employees feel appreciated, drama goes down. There is less absenteeism, more staff on hand to assist customers, and a cheerful staff. As a result, profitability goes up. And this makes for good business.
As always, we’re here to help you get to a:
