10 Reasons You Need to Care About Employee Appreciation

February 23, 2023 Amy McNeel

 

10 Reasons You Need to Care About Employee Appreciation

In today’s work climate, employee appreciation is often seen as a want rather than a need. Instead of prioritizing recognition in the workplace, it’s often pushed aside and drowned out among all the daily tasks and priorities of a hustling and bustling business. But here’s the thing – employee appreciation is much more than a want. Data has shown time and time again that it’s absolutely essential for a thriving culture that produces incredible results.

Don’t believe me? That’s fine for now, but I think you will once you see all the hard-hitting data points below!

10 Statistics That Prove Employee Appreciation is a Need – Not a Want

  1. Employees who do not feel fulfilled by recognition are 8x more likely to be actively disengaged. - GALLUP
  2. The average company spends $500 a day on employee vacancy costs but engaged employees are 75% less likely to leave. - GALLUP
  3. 37% of employees report that the best way to improve their engagement is for their superiors to give them recognition. - ZIPPIA
  4. 53% of people said feeling more appreciation from their boss would help them stay longer at their company. - Glassdoor
  5. Employees who do not feel fulfilled by recognition are 4x as likely to be actively looking for another job. - GALLUP
  6. 80% of corporate gift buyers stated that gifts have improved their relationships with both clients and employees. - FORBES
  7. High-recognition companies have 31% lower voluntary turnover than companies with poor recognition cultures. - Deloitte
  8. 80% of employees would work harder if they felt better appreciated. - ZIPPIA
  9. When recognition hits the mark, employees are 73% less likely to “always” or “very often” feel burned out. - GALLUP
  10. 82% of HR professionals agree that recognizing employees increases their engagement. - SHRM

As proven in the data, employee appreciation helps improve engagement and retention while reducing feelings of burnout. An added bonus? These benefits add up to more money in the pockets of a business by decreasing turnover expenses and producing positive cultures that ultimately lead to better work being done. It’s a win-win – a win for employees and a win for business.

So what are you waiting for? It’s time to get appreciating, and it doesn’t have to be extravagant or difficult. In fact, employee appreciation is made easy when you’re looking in the right places. Whether you leave a hand-written note, type up a quick email, or give a small gift of gratitude, small moments of recognition can carry great impact.

Want even more employee appreciation tips and tricks? Check out the inspo below:

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