Retaining employees is the major challenge that firms face in the current fast-paced world. As there is an abundance of opportunities available all over, people find it easy to shift to another job if they are not satisfied with the current one. Although the reason for the shift is always convincing, it puts pressure on the companies that train them and put the employees into big projects.
Whatever salary or high position the company offers to the employees, if they do not treat them well, they tend to search for a better company. Today, it has become extremely important for companies to learn the importance of employee recognition so that they do not face severe turnover. If they do, it will be an additional cost which the company would not have expected at all.
How important is it to acknowledge?
Recognizing the work of an employee will motive and make them happy to be working there. It improves their mood and mindset when they are at work and enables them to work efficiently. Currently, though many companies have started this process as a long-term one, some firms are still finding it difficult to make the employees stay. These companies must definitely learn how to recognize your employees so that they do not go out of line.
What can the companies follow?
- Making it a continuous process: Firms must definitely make recognition as their culture and do it regularly so that it becomes a continuous process. Forming an employee engagement network will be a key to take it forward.
- It should seem personal: Companies must ensure that their thank you or congratulatory emails or messages do not be too formal or impersonal. Employees like to be appreciated and recognized for their contributions. Employees can also reply back and voice their opinion through the communication app.
The employees must not feel left out of the company. They should be motivated to perform better so that the whole team and company are proud of the contribution and laud the efforts.