Building a culture of appreciation to inspire your team.
Almost 80% of employees admit that recognition and positive feedback would motivate them to put more effort in at work. And yet, many managers still fail to see the benefits that can accrue when teams are passionate about what they do, and are aligned to the corporate vision.
Around half of people would leave their current employer for one that recognises their efforts on a regular basis. Money is far less of a motivator to move.
Your people are your only competitive advantage. Everything else – products, pricing, marketing, location, etc. can be copied.
Your employees are truly unique so what are you doing to stop your top people from walking away and joining your competition?
With prestigious consulting organisations such as Mercer estimating that it can cost up to 150% of a staff members salary to replace them, how much is your business throwing away each year? Take a look. It may surprise you.
https://browniepoints.com.au/employee-retention-calculator/
Recognising staff contribution and discretionary effort doesn’t have to be complicated or expensive, but to be effective it must be timely, sincere and appropriate.
Effective positive feedback will make your people feel valued, appreciated and part of your overall vision.
When positive feedback is part of your corporate culture and is given in a timely and sincere manner it will help build connected, empowered workplaces. This should be your ultimate aim and a strategic part of your transition towards the future of work and creating passion in the workplace.
With engaged, motivated and passionate staff, you will benefit from lower employee turnover, increased productivity, cost saving and innovation ideas, fewer sick days and improved customer loyalty and retention, to mention just a few benefits.
On the other hand, disengaged and demotivated employees can have a devastating and toxic impact on your business.
This should be a no brainer, especially today when hybrid workers and the challenge for inclusion, as well as need to protect the health and wellbeing of employees are strategic issues which impact corporate performance.
Building a culture of appreciation can have a huge impact on corporate performance
Engagement and passion is NOT an HR issue, it is a BUSINESS issue, and if not addressed from the top down it will simply not work.
Simply put, Engaged Staff and passionate staff = Improved Brand Value = Increased Corporate Performance
With many thought leading writers predicting that 2023 will continue to see a huge issue around staff retention and attraction, implementing a culture of appreciation is one proven way to ensure you become an employer of choice.
So what is stopping you from making a change?
After all, if you don’t look after your staff, your competitors will.
Tony Delaney, CEO Brownie Points Software
