WEDNESDAY WORKFACT: Employee Appreciation Day

Researchers understand the real impact appreciation has on the workforce. We know that lack of appreciation is the number one reason people leave jobs (78%); and that appreciation is the number one thing (37%) people say causes them to do great work. Her are just some pf the many statistics about how important appreciation is when it comes to average tenure, engagement scores and daily performance:

1: Half of U.S. employees are unsatisfied with their job

The Conference Board’s latest survey on job satisfaction has found that only 51% of employees feel overall satisfied with their job. This survey gauged approximately 1,500 employed individuals, who together comprise a snapshot of the U.S. workforce.

2: Half of U.S. employees are looking for a new job

Half of U.S. employees are watching the job market or actively looking for a job, based on findings from a new Gallup Workforce Panel study completed by 13,008 U.S. adults who are demographically representative of the U.S. adult population.

3: Employees cite lack of recognition for leaving their jobs

The main reasons why employees leave their jobs is that they don’t feel appreciated, according to Gallup’s research.

4: Employees say aren’t recognized (enough) for their work

According to Gallup’s analysis, only one in three workers in the U.S. strongly agree that they received recognition or praise for doing good work in the past seven days. Even more, Gallup Poll shows that 65% of employees haven’t received any form of recognition for good work in the last year!

5: Employees want praise, not money

According to Officevibe’s recent study, 82% of employees think it’s better to give someone praise than a gift. In a recent Gallup Poll survey, employees were asked what types of recognition were the most memorable. Respondents emphasized five in particular:

  1. Public recognition or acknowledgment via an award or a certificate
  2. Private recognition from a boss, peer or customer
  3. Receiving or obtaining a high level of achievement through evaluations or reviews
  4. Promotion or increase in scope of work or responsibility to show trust
  5. Monetary award such as a trip, prize or pay increase

{Excerpted from “The truth about employee recognition” by Kristina Martic at TalentLyft}