{"id":2909,"date":"2020-08-17T06:00:00","date_gmt":"2020-08-17T04:00:00","guid":{"rendered":"https:\/\/nailted.com\/blog\/?p=2909"},"modified":"2024-09-26T15:38:56","modified_gmt":"2024-09-26T13:38:56","slug":"why-is-positive-recognition-between-team-members-important","status":"publish","type":"post","link":"https:\/\/nailted.com\/blog\/why-is-positive-recognition-between-team-members-important\/","title":{"rendered":"Why is Positive Recognition Between Team Members Important?"},"content":{"rendered":"\t\t
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What is employee recognition?\u00a0<\/p>\n

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Well, it\u2019s pretty simple. Recognition between team members\u2013or between team members and management\u2013is simply the practice of recognizing specific success and positive behaviors in the workplace.\u00a0<\/p>\n

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What\u2019s not<\/em> so simple is actually implementing workplace recognition\u2013especially between team members.\u00a0<\/p>\n

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Despite producing some pretty impressive benefits to your business (which we\u2019ll get to in a minute), employee recognition is often overlooked and underutilized. In fact, 51% of employees are disengaged at work<\/a>\u2013suggesting, among other things, that they have never received recognition for their efforts and accomplishments.\u00a0<\/p>\n

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In this article, we\u2019ll take a look at why employee recognition is so beneficial to your business, why it can be challenging to implement (as well as some of the most common mistakes businesses make), and how to implement employee recognition in your own business.\u00a0<\/p>\n

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[content_upgrade cu_id=”2908″]Get the bonus content: When to Give Recognition to a Team Member[content_upgrade_button]Click Here[\/content_upgrade_button][\/content_upgrade]<\/p>\n

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Benefits of Employee Recognition\u00a0<\/h2>\n

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As mentioned above, creating a culture of recognition can be enormously beneficial to your business…not just encouraging your team members, but helping you to build a stronger, more profitable business.\u00a0<\/p>\n

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Here are some concrete benefits of employee recognition:<\/p>\n

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Increased Productivity<\/h3>\n

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One of two key reasons for job dissatisfaction<\/a> is a lack of recognition, <\/strong>according to a report by Conference Board<\/a> (The other reason? Opportunities for advancement). Employees who don\u2019t feel that they\u2019re being fairly acknowledged for their accomplishments are not only unhappy; they\u2019re less likely to be motivated to work hard and innovate.<\/p>\n

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On the contrary, employees that have their accomplishments and successes recognized are generally happier\u2013and as a result, more productive. In fact, one survey found that 37% of employees<\/a> said they would be more likely to produce great work if they received recognition; another study published by Forbes<\/em> found that happy employees are 20% more productive than unhappy employees.<\/p>\n

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Lowered Turnover<\/h3>\n

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On that note, happy employees are far less likely to look for alternative positions. Creating a culture of recognition can help you create an environment where employees are far less likely to turn over\u2013motivated by remaining in a positive, healthy culture that acknowledges their successes.\u00a0<\/p>\n

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Not only does high employee retention help you build a more innovative, knowledgeable workforce; it also helps you save on the enormous costs of hiring and training. One estimate is at $4,683 <\/a>for a single employee; that number can be significantly higher depending on the role of the employee.<\/p>\n

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Healthier Work Culture<\/h3>\n

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Finally, positive recognition between employees can create an overall healthier work culture, which contributes to an improved reputation, better job satisfaction, and even reduced stress (Higher-stress companies spend 50% more on healthcare costs<\/a> than their counterparts, according to Harvard Business Review<\/em>.)<\/p>\n

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\"Employee<\/figure>\n

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Challenges to Employee Recognition<\/h2>\n

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If employee recognition is so beneficial, then why don\u2019t companies implement it more often?<\/p>\n

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The primary reason companies don\u2019t recognize employee success is not that they don\u2019t believe in it; it\u2019s that they don\u2019t know how to do recognition well<\/strong>.<\/p>\n

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Here are some common mistakes that companies make when it comes to employee recognition:<\/p>\n

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