Almost 80% of employees admit that recognition would motivate them to put more effort in at work.
Around half of people would leave their current employer for one that recognises their efforts on a regular basis.
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?
Recognising staff contribution and discretionary effort doesn’t have to be complicated or expensive.
But it DOES 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.
Disengaged employees can have a devastating and toxic impact on your business.
This should not come as a surprise, especially especially these days when hybrid workers and the challenge for inclusion, as well as need to protect the health and wellbeing of employees are strategic issues which will significantly impact corporate performance if implemented correctly.
Creating passion through a culture of positive appreciation 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, Passionate Staff = Improved Performance =Improved Brand Value = Increased Corporate Performance = Happy Stakeholders.
So what is stopping you from making a change?
Tony Delaney, CEO Brownie Points Software