Firm Management
4 Easy Ways to Show Appreciation to Your Employees Year Round
Employee Appreciation Day was a good opportunity for leaders to reflect on how they can improve employee retention.
Mar. 08, 2023
By Marcel Schwantes, Inc. (TNS)
March 3 was Employee Appreciation Day, and it was a good opportunity for leaders to reflect on how appreciation can improve their employee retention.
According to a recent survey from Workhuman, an employee recognition and human capital management company, nearly half (46.4%) of all employees only feel “somewhat valued” at work, with over 10% sharing that they don’t feel valued at all. Employees of color were more likely to report feeling somewhat valued than the average (49.3%), as were women (48.8%).
For leaders, this should sound an alarm. When the feeling of being valued is lost in the workplace, it’s difficult to expect people to want to stay.
Employee Appreciation Day is a great day for leaders to work toward incorporating more appreciation and gratitude into their company culture, but efforts can’t stop there. Here are four simple ways to show employee appreciation year-round:
1. Invest in well-being
One way to show your employees that you appreciate them is to invest in their well-being. Over half (59%) of all U.S. employees report experiencing at least moderate levels of burnout, according to Aflac’s WorkForces report. When research shows that U.S. companies lose $300 billion a year due to employee stress, burnout is as much of a financial risk as it is a cultural one. Numbers aside, employees want to know their companies care about them: per Gallup, 71% of employees who agree their workplace cares about their well-being will advocate for their company as a good place to work.
Beyond baseline health care benefits, there are many small, simple ways to improve employee well-being, including:
- “Pop up” holidays. Spotify made headlines for giving employees an entire week off to focus on their wellness. While not every company can afford to close up shop for a whole week, an extra day off or two may ease the stress.
- Meditation and wellness apps. Health care professionals recommend certain wellness and self-care apps as a supplement to encouraging a healthy lifestyle. However, if offering such subscriptions is not feasible, open it up to your employees to share how the company can best help mitigate stress and support their health and wellness.
- Be flexible. According to Bankrate, 55 percent of employees find flexibility more important than salary when job searching. Wherever possible, giving employees a little more wiggle room in their schedules can be beneficial in reducing stress, especially if they’re making time for doctor’s appointments and therapy.
2. Listen closely and take action
We spend a lot of our lives at work. It’s not enough for employee concerns to simply be heard; when they give feedback, they do it because they want something to change.
When leaders voice opinions and concerns, it’s expected that employees take action. Alternatively, the same is expected from leaders, and taking action based on feedback is one of the best ways to show employees they’re valued and heard.
To that point, other areas of culture must be prioritized. Employees need to feel empowered to give feedback in the first place. Create a culture of accountability by asking for feedback regularly and offering employees multiple ways to share their thoughts. A combination of frequent employee surveys, check-ins with managers, and even technology platforms can give leaders a regular and accurate pulse on employee sentiment. These measures enormously benefit employees; according to a report from Isolved, 52% of employees stated that regular meetings with their managers could reduce their feelings of impostor syndrome, and the same Workhuman survey showed that 30% of workers would feel more supported in general if they had more frequent check-ins.
Once you have ample feedback, work with fellow leaders to develop an action plan, using employee feedback to prioritize the biggest concerns. Most importantly, communicate the extent of the changes to your employees and encourage them to hold you accountable throughout the process. Transparency is key to making employees feel valued.
3. Celebrate authenticity
People’s value lies not only in the skills they use to do their jobs but also the unique experiences, perspectives, and voices they bring to their companies. To reap the benefits of these diverse experiences, employees have to feel safe enough to be themselves and challenge the status quo, without fear of being embarrassed, marginalized, or punished. To that end, it’s critical to encourage and grant your employees the freedom to bring their authentic selves to work.
Being respectful and affirming differences will reduce the need for people to hide behind their corporate masks, where people act out of character for the sake of professionalism.
That said, not every employee may necessarily want to bring their “whole self” to work. Respecting employees’ personal boundaries is just as important to ensure they feel safe and seen at work.
4. Lead by example
Finally, and most importantly, if you want to cultivate a culture of appreciation and gratitude in the workplace, you need to lead by example. Workers will emulate leadership’s behavior, and when they see you thanking others for their hard work or celebrating someone’s accomplishments, they’ll be more likely to do the same for their colleagues.
Internalize the phrase, “praise, not performance.” Model servant leadership by making moments of appreciation about the individual being recognized, not yourself or the company. Doing so will build trust, and employees will feel that their hard work is truly acknowledged.
Whether or not your company breaks out the fanfare for Employee Appreciation Day, now is the time to assess how and where you can be more appreciative of your employees. When it comes to leading with positivity, the end goal should have a long-term strategy in place, but don’t be afraid to start small.
ABOUT THE AUTHOR
Marcel Schwantes is an Inc. contributing editor, speaker, and leadership coach with a worldwide following.
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(c) 2023 Mansueto Ventures LLC; Distributed by Tribune Content Agency LLC.