Employee Appreciation Day is just about a month away – March 6, 2015. Are you wondering if (or why) you should celebrate? Check out these valuable employee appreciation statistics below, and I think you’ll find your answer!
Did you know?
39% of employees feel underappreciated at work, with 77% reporting that they would work harder if they felt better recognized.
89% of employers assume that their employees leave for more money elsewhere, but only 12% of employees actually earn more from their next company.
41% of customers are loyal to a brand or company because they consistently notice a positive employee attitude, while 68% of customers defect from a brand or company because of negative employee attitude.
According to U.S. Department of Labor statistics, individuals that voluntarily leave work cite lack of appreciation as one of the major reasons for leaving.
Companies that scored in the top 20% for building a “recognition-rich culture” actually had 31% lower voluntary turnover rates!
Only 14% of organizations provide managers with the necessary tools for rewards and recognition.
Praise and commendation from managers was rated the top motivator for performance, beating out other noncash and financial incentives, by a majority of workers (67%).
69% say they would work harder if they felt their efforts were better recognized.
78% said being recognized motivates them in their job.
When managers recognize their employees’ performance, they increase employee engagement by nearly 60%.
65% of Americans report receiving no recognition during the past year at their work.
“Next to physical survival, the greatest need of a human being is psychological survival, to be understood, to be affirmed, to be validated, to be appreciated.” – The 7 Habits of Highly Effective People by Stephen R. Covey
If these statistics leave you feeling like you need to start doing something now, we can help! Employee appreciation is as simple as a hand-written thank you card, a high five for a job well done, or a timely and sincere “what you do every day makes a difference.” Encourage your co-workers and managers to treat one another with respect and appreciation this Employee Appreciation Day, March 6, 2015, and every day of the year! Each week we’ll be sending you tips for simple-to-implement ways to weave employee appreciation into your company culture.
Sources: Gallup, Bersin by Dellloite, Aberdeen Group
As a team member since 2005, Falon has worn just about every hat the 'ville has to offer. She's seen both sides of working life — as an employee and as a manager — so if it sounds like she knows what she's talking about, we're pretty sure that's why. When she's not juggling between the IDville and Baudville brands, she's been known to whip up a mean diorama - just like that!