Employee recognition: Key to better business?

Employee recognition: Key to better business?

By: Tucker Harrington

It's no secret that people enjoy being praised, especially after they've done something deserving of recognition. Though it can be hard to offer a pat on the back to employees every time they do something good, figuring how to show workers you care and appreciate them from time-to-time is key. According to Boost Rewards, there are a few ways bosses and managers can help employees feel recognized when it's due. 

Perhaps one of the easiest tips to enforce in the workplace is to simply stay in the loop about who has done what to improve the company and then saying "thank you," shouting the individual out in a business-wide email or even giving out recognition awards to honor deserving employees. This might seem like a small gesture, but to a worker, knowing the boss sees what he or she is doing can go a long way in productivity. Other tips include bringing individuals or even a team that has gone above and beyond out for lunch to help show them you realize all they're doing for your brand. 

Employee recognition can really pay off for all involved. Cutting Edge PR reports popular brands like Sears and Roebuck & Co., found that for every 5 percent increase in employee satisfaction, both companies also saw a 1-3 percent increase in customer satisfaction as well as a 0.5 percent increase in revenue.