The Power of Appreciation and Positive Feedback
Appreciation is not just another word for gratitude. Appreciation isn’t just a pleasant acknowledgement of something good.
Appreciation is an energy, more like electricity. Its tremendous impact has been scientifically proven to be a great motivator which you can harness and apply to improve the bottom line performance and profitability of your business.
Companies that “get it” and operate a Culture of Appreciation see significant benefits in the battle to retain talent.
A workplace without appropriate appreciation mechanisms in place is a breeding ground for employee stress, apathy, low motivation, lack of company loyalty, poor performance, customer indifference, high staff turnover and more.
The total cost to business for this workplace issue is estimated at $300 billion per year according to Gallop!
The global pandemic has triggered a shift from 1st Stream Change to 2nd Stream Change where people are at the centre and the reason for the change. The Great Resignation is requiring companies to rethink how they engage their people in change and take them with them on the change journey as co change-makers.
People want more from organisational change projects. They expect their work experience and contribution to be augmented by change. This is being called The Great Awakening.
Thought leading organisations around the world understand the value of passionate employees and what they bring to their business.
They appreciate the correlation between passionate and engaged employees, and brand value and corporate performance. Passionate and engaged employees are proven to take fewer sick days, stay longer, are more productive and deliver greater customer/guest experience.
Global consulting organisations such as Gallup are predicting that post Covid we will see the years of “talent wars” as many employees (up to 50%) look to move on from their current role, having waited during the pandemic as a form of security.
Implementing a strategy around a Culture of Appreciation to aid talent retention and attraction is critical to businesses looking to become an employer of choice and compete in the war for talent.
If staff turnover is an issue for you, take a minute to complete the form on the link below to see what it is costing you to replace your lost talent.
https://browniepoints.com.au/employee-retention-calculator/
Our aim at Brownie Points is to help clients unlock the passion in their employees and align behaviours with the corporate values to improve employee engagement and experience, by implementing Culture of Appreciation programs that recognise discretionary effort and celebrate and publicise the associated behaviours.
If you want to see the difference appreciation can make to your business, it’s time for you to make a change.
Make developing a Culture of Appreciation to drive the passion in your employees your key focus for 2023/4 and see how you improve your corporate performance.
The ROI should be easily measured through reduced staff turnover and absenteeism, improved productivity, and increased customer experience.
After all, if you don’t value your employees your competitors will.
Tony Delaney, CEO Brownie Points
