Employees Benefit Greatly From Appreciation And Praise
You can get “it” to do what you want if you dangle a carrot in front of a rabbit’s nose. However, payment isn’t the only “carrot” that inspires employees to do their best. Motivation and productivity rely heavily on rewards and acknowledgement. Here are a few arguments in favour of rewarding and acknowledging employees. Know more about employee incentive reward programs.
EffectivenessIt is commonly held that “people will always work harder when they know they are appreciated,” and there is substantial evidence to support this claim. One study found that 79 per cent of workers are spurred into action by praise, and 78 per cent report increased output following a financial award.
The majority of experts (58%) believe that recognising workers is the most effective technique to increase output, as reported by Psychometrics. The importance of relaxation is increasing as more members of Generation Z and Millennials enter the labour sector. No one disputes that today’s millennial workforce is ambitious and acquisitive.
The simple fact is that people are searching for a job that has a deeper significance in their lives. Praise and rewards for one’s efforts are a big part of what makes work satisfying.
- Improved morale
Numerous studies have shown that contented workers are more efficient. What makes them content? Incentives and acknowledgement. According to research conducted by the University of Warwick, workplace satisfaction directly correlates to increased productivity. There is a solid connection between this and satisfied workers. Those who are content in their jobs are less likely to worry about their personal lives. This has a major effect on workers’ capacity to conduct a “good job” and helps alleviate the issue of worker absenteeism.
- Promotes confidence
Trust in the workplace is boosted in addition to employee happiness when employees are acknowledged for their contributions. There is a poll that shows that trust in the boss is stronger among employees who are regularly recognised for their work (90%) compared to employees who are not routinely recognised for their work (only 10%).
Employees like hearing that their hard work is appreciated by upper management. Rest and relaxation build confidence, which in turn increases commitment and productivity in their assigned position.
- Fear is a less effective motivator than rewards
Fear, it is believed by many, is sufficient to motivate individuals to work. Every worker fears public shame, a lower position, or being let go entirely. Did you know, though, that rewards are much more successful than sanctions at getting people to do what you want them to do?
The “happy hormone” dopamine is released in the brain when workers are rewarded or acknowledged. Dopamine levels rise when someone is praised for doing the right thing, such as pitching in to help a teammate. Dopamine gives you a rush like no other. Therefore, workers will make good decisions so that they may keep receiving praise and benefits.
You can get “it” to do what you want if you dangle a carrot in front of a rabbit’s nose. However, payment isn’t the only “carrot” that inspires employees to do their best. Motivation and productivity rely heavily on rewards and acknowledgement. Here are a few arguments in favour of rewarding and acknowledging employees. Know…