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Why Celebrate Employee Appreciation Day?

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The first Friday in March is designated for the nation’s Employee Appreciation Day. This holiday that is not officially recognized in the calendar of workplaces seeks to highlight the significant contribution of employees at work. Employee Appreciation Day provides a great occasion for employers to acknowledge the contribution of employees to the growth of their business.

The Concept Behind The Idea Behind Appreciation Day

Employee Appreciation Day the idea of Bob Nelson, a founding member of Recognition Professionals International. It was the first time a day for employee contributions was established on the 15th of April in 1995, to remind managers and employers that positive relations between employers and employees are essential for an organization’s long-term viability. Making time to appreciate and respect employees is a fantastic approach to motivate employees to not just show their best, but also exceed expectations.

4 Payoffs of Celebrating Employee Appreciation Day that Will Have A Significant Impact on Profit Margins

A healthy and stable employer-employee relation is always a winning. A small amount of recognition from the manager could make a significant difference to employees, and significantly improve their performance. Why is it important?

Engage employees and improve productivity

Unhappy employees can have a an effect on the productivity. For instance, studies have revealed that an organization could suffer a 37 percent increase in the percentage of absenteeism, and an additional 18 percent lower productivity levels.

Recognizing and acknowledging the contribution of employees can be a powerful reminder of how much employers value their contributions. This is the most important factor in unlocking the potential for increasing productivity. The results of an Glassdoor study showed an 81% percentage of the employees interviewed believe they will have more motivation to do their best when they are rewarded by the authorities.

Recognition at work triggers an extremely powerful chain reaction increased engagement leads to higher motivation and improved performance. Furthermore, when you recognize the specific actions performed by an employee is more likely to be replicated to follow in the near future.

Keep loyal employees

Alongside improved productivity levels, demonstrating to workers that they’re respected employees of the business goes in a significant way of retaining their loyalty. The benefits and salary may make people want to join a company however, appreciation is a great motivator to remain.

The results of the OC Tanner research study show that 79% of employees quit their jobs because of a lack of appreciation. Another intriguing statistic shows that the second biggest reason for employees to be less engaged is feeling that they are not valued. Eighty-two percent of workers search to receive more appreciation from their supervisors.

Too often the result of a decline in productivity can lead to employees quitting the company. You are now looking for an employee to replace them. However, once the position was filled can take some time for the new hire to get up to the speed of. In the process, companies have to lose their internal expertise (when they lose their experienced employees) and face unsettling interruptions in their daily activities.

Managers must not forget that replacing any employee at a cost. The research conducted by Gallup suggests that estimates conservative of replacement costs for employees could range from one half to more than the amount of income earned by an employee.

Reduce the expense of the disengagement of employees

It’s not just the expense to replace employees which may lower profit margins. The costs of disengagement from employees can be a snare, too. Another Gallup report indicates that employees who are unhappy show an increase of 15% in profitability.

Create a culture of trust within your company

The company’s culture is often the factor that draws the best talent to an organization. Corporate culture is an intangible, which assures employees that the company is committed to its employees. Engagement, satisfaction, and retention are a few of the main factors that contribute to the culture of the organization.

The benefits of having a solid corporate culture are that it gives hiring managers an advantage to pick the most skilled from the pool of talent as well as creating a sense of community in the workplace and enhancing employees’ loyalty to the company.

7 Ideas to Honor Employee Appreciation Day

The kind or type of Employee Appreciation day celebration you choose will be based in the amount of money spent by the business as well as its structure and the budget. For instance, some firms will offer individual gifts while other companies may invite everyone around a dining table.

Here are some fantastic ideas for celebrating Employee Appreciation Day in 2023.

Ask your employees what they’d like to commemorate the day.

Ask employees for their input on how they feel valued. A survey or suggestion box is a great method to assess expectations of employees. This way, managers be aware that their ideas for appreciation are meaningful and employees will be happy to be acknowledged.

Take part in a fun activity for the group.

Make time to play bingo, bowling and karaoke or any other type of activity that will entertain your employees. In the end employees can relax and improve relationships with colleagues.

Distribute self-care kits that are personalized

Who doesn’t enjoy a relaxing day in Spas these days? Spa retreats, wellness certificates, yoga sessions and pamper gift bags are fantastic gifts that emphasize health and wellbeing.

Personalized “Thank You” notes

Thanking you in personalized “thank thank you” notes is an excellent way to let each employee feel appreciated and valued. Thank them for the contribution they make to your business.

Offer lunch to employees.

Everyone enjoys a delicious lunch, be it pizza or pasta, burgers and burrito bowls.

Get them home earlier.

There’s a gift money can’t buy and that’s time. It is best to close your shop before the day, and let your employees go home to spend more time with their family and friends.

Start a wellness program for employees

These programs are focused on employee wellbeing and health. They can offer meditation, stress management as well as resilience training. physical fitness and mental wellbeing programs.

In an overview

The benefits of acknowledging and rewarding employees on during Employee Appreciation Day are enhanced by fostering happiness, well-being and a sense of commitment and confidence. The motivation of employees is a key factor that can result in tangible, beneficial business benefits.

Employee appreciation should not be confined to one day of the year, as they are a crucial an integral part of a well-planned management plan.