83%. That’s how many workers surveyed in a poll by Right Management said they would “actively seek a new position” in 2014. That’s a frightening statistic considering the amount of resources it takes to replace employees. But there is good news. The more connected employees feel to their employers, the more likely they are to stay on the job. So how can you boost employee loyalty – and retention in the process? It’s all about recognition. Here are a few tips to help you get started:
Praise goes a long way.
As one of the top staffing services firms in Phoenix, PrideStaff knows that praise is one of the easiest and most cost-effective ways to reward employees. But don’t just offer empty words. Get specific with your praise – tell your employee why what they did was so important and the impact it had. Not only will they feel good about a job well done, but other employees will also strive to achieve the same level of recognition in their own work.
Communication is key.
Make sure your employees understand what they need to do in order to be recognized. If you have a formal recognition program in place, create clear criteria so people know what they have to do to earn rewards. Also, communicate who should be giving out the recognition – whether it’s from management or through a peer-to-peer program.
Enable peers to recognize each other.
While recognition from a superior is important, so is peer-to-peer recognition. After all, colleagues are working alongside each other day in and out; they witness the challenges faced, the work it takes to overcome them, and the successes big and small. Peer-to-peer recognition also ensures that the quiet performers – those that may not be as visible to the leaders within your organization – receive their share of recognition.
Take it online.
There are a variety of different of recognition apps that enable your company to take your recognition program online. When you do, you’re making it even easier for employees and managers to recognize each other. Many of them offer ways in which employees can accumulate points for recognition, which can then be used to procure certain perks, like extra vacation days or a gift certificate to a local restaurant. You can also share success stories in your company newsletter, on the company blog or on your “News” web page.
Retaining top employees is a constant battle companies must engage in. But when workers feel appreciated and properly recognized for their efforts, they’ll worker harder – and longer – for your company.
Do you need more help boosting retention at work?
Call PrideStaff. As one of the top staffing services firms in Phoenix, our specialists can help you hire top talent for your team and implement strategies to retain them. To learn more, contact us today.