As 2024 draws to a close, it’s crucial for leaders to reflect on the hard work and dedication their employees have demonstrated throughout the year. Expressing appreciation not only boosts morale but also fosters a positive workplace culture.
According to the “Employee Recognition Survey” conducted by the Society for Human Resource Management (SHRM):
- Sixty-eight percent of employees indicated that they would work harder if they were better recognized.
- Organizations with strong recognition programs had 31-percent lower voluntary turnover rates.
Another key study from Gallup found that companies with high employee recognition have 14-percent higher productivity and 28-percent lower turnover rates. This demonstrates a clear link between recognition and overall organizational performance — and the difference it can make in the workplace.
Here are some simple and effective ways leaders can convey their gratitude:
- Personalized Acknowledgment:
- Take the time to recognize individual contributions. A simple thank-you note or a shout-out in a team meeting can make employees feel valued. Tailor your message to highlight specific achievements, showcasing that you notice their efforts.
- Celebrate Milestones:
- Host end- of-year celebrations to honor team accomplishments. Whether it’s a casual gathering or a formal awards ceremony, recognizing achievements collectively can strengthen team bonds and create a sense of shared success.
- Encourage Peer Recognition:
- Implement a peer-to-peer recognition program where employees can acknowledge each other’s contributions. This not only promotes a culture of appreciation but also empowers team members to celebrate one another.
As leaders, taking the time to express gratitude can profoundly impact employee engagement and retention. Let’s end 2024 on a high note and make appreciation a cornerstone of our workplace culture as we move into the new year!
Tracy Daggett, PHR,
is the director of Training and Development at the Manufacturer & Business Association. Contact him at 814/833-3200, 800/815-2660 or tdaggett@mbausa.org
