The importance of appreciation
Appreciation & recognition are fundamental human needs. Humans evolved craving for appreciation & praise. Employees respond to appreciation expressed through recognition of their good work. It goes a long way in acknowledging the value of their contribution. When employees and their work are valued, their satisfaction & productivity rise and results in motivation to raise the performance bar.
Praise and recognition are essential to a healthy & vibrant workplace. People want to be recognized, respected and valued for their contribution. Embracing appreciation & recognition as core values for people strategy can act as pillars for organizational goals & success.
One of the most important aspects of employee engagement is if the people feel the organization & managers are truly interested in their wellbeing & happiness. A global study by Towers Watson discovered not more than 40% of people felt engaged enough.
Studies also show above 70% people acknowledge the fact that they are more productive & motivated to put their best efforts when organizations show appreciation by effectively communicating & celebrating good work.
There are two aspects to employee recognition.
- The first aspect is to actually seek, identify or realize an opportunity to praise someone for their work
- The second and the most crucial is the communication of recognition.
Recognizing people for their good work sends an extremely powerful message to the recipient, their work team and other employees. The platform of communication impacts the vibe that is sent out.
We at Giftxoxo understand nuances of employee recognition more than anyone else. Our Enterprise platform is focused on simplifying and fostering the culture of appreciation