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It’s Employee Recognition Day! Dr. Bob Nelson, author of 1001 Ways to Reward Employees, created the day in 1994, so it may surprise you to know that he now thinks it’s a “little silly.” The idea behind the day, he said, is to not only recognize employees one day a year, but to make this the day you have a conversation about recognizing employees all year long.
How important is recognizing employees? It affects employee retention and your bottom line. A survey of full-time employees showed that 50% considered employee recognition as a reason to stay with a company, while another found that 46% of employees surveyed considered recognition in the workplace very important, but only 26% were very satisfied with the level of recognition they received.
Employee recognition not only gives credit where credit is due, it also helps keep costs down - decreasing cost-to-hire and reducing time spent on interviewing, hiring and onboarding a new employee. Happy employees also increase overall success: engaged employees are 26% more productive at work. Recognize your employees, and your employees boost your business -- it’s a win-win!
How can you increase your year-round employee recognition program? Today is the day to talk about it! Right after you’re done appreciating all your staff, of course.
