At first glance, you might not pair the words, “compliance” and “gratitude” together. But when compliance-focused companies practice appreciation, they’re able to avoid employee dissatisfaction and churn—both of which can have negative short-term and long-term business impacts.
If you’re wondering why employee dissatisfaction is a concern, note that only 20% of American employees feel enthusiastic about their jobs, and according to Forbes, 79% of individuals who leave their jobs cite ‘lack of appreciation’ as their primary reason for leaving.
In an effort to help your business retain its employees while also following compliance protocol, this post will cover:
- Why businesses should practice appreciation
- Benefits that occur from maintaining an internal attitude of gratitude
- Tips for adding appreciation within your company’s current culture
Why Businesses Should Practice Appreciation
Did you know that without practicing internal appreciation, it’s likely that your company’s facing negative consequences concerning disengaged reports that will impact your business’ bottom line.
For example, according to Gallup’s 2017 State of the Global Workplace, only 15% of employees worldwide are engaged in their jobs. And, Mental Health America estimates employers lose $500 billion annually due to employee disengagement.
Not only is “lack of appreciation” a leading reason for why companies undergo employee churn, but recent data from Glassdoor divulges that 53% of employees admit they would stay longer at their company if they felt more appreciated by their boss.
To avoid these ramifications and guarantee that we heighten our employees’ happiness levels, we can focus on strengthening these professional relationships by maintaining an internal attitude of gratitude and sharing grateful gestures on a regular basis.
The Positive Effects of an Internal Attitude of Gratitude
According to research conducted by UC Berkeley, when companies practice gratitude internally, positive feelings are amplified, stress and health complaints are reduced, and employees maintain elevated satisfaction with their jobs and their professional peers.
In fact, in a recent study published by Harvard Business Review, 72% of individuals ranked recognition given to high performers as having a significant impact on their engagement in the office. Regarding work ethic, a majority of employees claim that they would work harder if they felt that their efforts were more appreciated.
Considering that 90% of employees who’ve received recognition or thanks from their boss have indicated higher levels of trust in their manager, when supervisors acknowledge their reports, they’re capable of building these relationships further while ensuring that their co-workers feel valued.
To help you integrate appreciation within your company’s current culture, let’s explore some actionable techniques that you can implement:
How to Integrate Appreciation into Your Company’s Culture
If you’re wondering how your workplace can easily demonstrate gratitude towards its employees while adhering to a compliance-centric culture, consider the following three techniques:
Tip #1: Provide Positive and Constructive Feedback
It’s no secret that employees enjoy knowing how they’re performing in the workplace. If you’re searching for a simple way to ensure that they know how their efforts are being evaluated, start by providing them with feedback.
If you’re anxious about how your employees will receive your comments, note that 82% of employees appreciate feedback, regardless of if it’s positive or negative. Since most highly-engaged employees receive feedback at least once a week, the more observations that you can provide, the better.
Tip #2: Discuss Growth Opportunities
Be sure to schedule regular professional development check-ins with your reports so that you can gauge how they’re feeling in addition to making them feel valued. Keep in mind that there are four areas of growth that employees seek in their workplaces:
- Financial – The potential to increase their income.
- Career – The drive to attain new responsibilities and job titles.
- Professional – The desire to become more informed by attending functions, joining programs, enrolling in classes, or attaining tuition reimbursement.
- Personal – The ability to work in locations aside from the office, create a flexible schedule, and go to social gatherings that are both work and non-work related.
Tip #3: Try Saying Thnks!
Whether you’d simply like to make your employees feel special, or if you want to reward them when they’ve met or surpassed their goals, saying Thnks will escalate your reports’ long-term engagement, which will affect both your team and your company at large.
Plus when you use the Thnks platform to practice employee appreciation, your grateful gestures can be tracked and measured so that your business can maintain full financial and compliance control.
Some examples of Thnks gestures that you can share with them include:
- Starbucks Iced Coffee for the Week for the employee who’s been exceeding their goals.
- A Job S’well Done for your coworker who just successfully launched a program.
- Ice Cream for your Team to make their summer a bit sweeter despite 2020’s unprecedented challenges.
Practicing Employee Appreciation in a Changed Environment
Even though we’re working remotely, we still need to make sure that our employees feel valued—especially since their in-person conversations are now limited.
By sharing grateful gestures with our coworkers, we can increase their happiness and productivity while ensuring that they stick around as the year unfolds.
It’s as easy as saying Thnks.
Thnks can help you empower your employees and enhance their motivation. Within seconds, you can show them your appreciation by searching for a gesture of appreciation, personalizing a note, and sending it off via SMS or email. Interested in learning more? Sign up for a demo!