Employee recognition is when a company shows appreciation for its workers' performance. Companies should reward employees for several things: taking the initiative, hitting targets, exceeding expectations, and more. The expert recruiters at GCS Malta discuss the importance of employee recognition in this article.

Why is frequent, inclusive employee recognition important?

As an employer, you might question why does employee recognition matter?

Similar to children, adults still want appreciation and recognition for their hard work. In fact, recognition for work is one of the top factors of candidate attraction, and 52.5% of employees want more recognition from their manager.

Here are 4 reasons why acknowledging the importance of employee recognition is crucial to your business:

1. Guaranteed increase in employee engagement and productivity

While many candidates seem eager to perform in their interviews, this high level of engagement can quickly falter. Lacking employee recognition can severely decrease your employees' concentration and productivity levels. According to Evergreen, 13% of employees are actively disengaged from their job. Therefore, a successful employee recognition program will boost engagement and productivity. In fact, productivity is known to increase by 20-25% in companies with connected employees.

2. You can retain your top employees

Retaining employees in the era of quiet quitting and the Great Resignation can be challenging. However, actively showing appreciation towards your top performers will have them feeling valued. Furthermore, having your employees feel valued within the company is crucial to retaining them since undervalued employees will leave once they get a better offer from another company.

3. Greater employee satisfaction

Fostering a culture that promotes happiness at work will ensure that your employees come to work happy. In addition, recognising your employees' hard work will go a long way to boost their mental health and satisfaction levels. Finally, always remember that satisfied employees work harder, and having happy employees will decrease stress and absenteeism at the workplace.

4. Lowers your employer turnover rate

Organisations with recognition programs had 31% lower voluntary turnover rates than those without. Frequent recognition will allow you to get better results and less employee turnover since your employees feel valued and appreciated at work.

Why GCS Malta?

At GCS Malta, our team of specialised recruiters can assist you with several recruitment services tailored to your needs—from recruiting your ideal employees to helping you retain them, our recruiters are here to help you grow your business. Check out our current vacancies and contact us today for more information.

Article by Sarah Jane Gauci