WHY FOCUS ON RECOGNITION?
“Recognition not only boosts individual employee engagement, but it also has been found to increase productivity and loyalty to the company, leading to higher retention”
– Gallup
“Recognition is fundamental to the engagement and retention of top talent and the profitability of our organizations. A recent study found that employees who reported that their managers were great at recognizing them were more than 40% more engaged than those with managers who were not.”
– Christopher Littlefield, Harvard Business Review
“Recognition has long been known to be an important driver of employee engagement, but it is also a very important factor in creating a culture where innovation thrives.”
– Dr. Amantha Imber
“In today’s disruptive climate defined by low budgets, anxiety and economic insecurity, rewards and recognition programs are key levers HR leaders can use to motivate performance and retain top performers.”
– Gartner
“When employees feel appreciated, there's a notable shift in their motivation and happiness. They are more likely to take initiative, contribute creatively, and commit to the organization's goals. A culture of appreciation fosters an environment where employees feel valued and, in turn, value their work and the organization.”
– Mark Miller, Leadership - Daily Inspiration
Sources:
1) Gallup. The Importance of Employee Recognition: Low Cost, High Impact. January 12, 2024. <gallup.com/workplace/236441/employee-recognition-low-cost-high-impact.aspx>
2) Littlefield, Christopher. Harvard Business Review. A Better Way to Recognize Your Employees. October 25, 2022. <https://hbr.org/2022/10/a-better-way-to-recognize-your-employees>
3) Imber, Amantha (2016) The Innovation Formula. Wiley Publishing
4) Gartner. Rewards and Recognition That Motivate. March 16, 2021. <gartner.com/webinar/virtualevent/3993274>
5) Miller, Mark. LinkedIn: Leadership - Daily Inspiration. Transforming Leadership: The Power of Appreciation in the Workplace. December 13, 2023.
<linkedin.com/pulse/transforming-leadership-power-appreciation-workplace-smart-nut-zngze/>