Considering an Employee Recognition Program? Start Here!

Your employee has completed your team’s major project and accomplished the department’s goals well ahead of the project’s expected due date. Now that the hard work is done, your employee is anticipating (most likely quietly to themselves) some form of appreciation for this milestone achievement. The dictionary defines appreciation as “a feeling or expression of admiration, approval, or gratitude” and everyone whether publicly or privately wants to feel appreciated or admired for what they do; especially employees for their hard work. Employee appreciation is an intrinsic motivation that affects individual and company performance. Whether it’s a mere thank you or a formal form of recognition or shoutout, the employee assumes some level an acknowledgment from the manager or employer for a job well done.

Why Is Employee Appreciation Important?

It’s important for two main reasons:

1. The impact it has on employee retention
2. The influence it has on the organization’s culture

According to Gallup, a highly engaged organization may see an 18% higher revenue per employee compared with the average. Employee recognition is essential in today’s work environment and integral to an organization’s culture. Employee appreciation and recognition demonstrate the company’s commitment to valuing its employees. A SHRM/Globoforce Survey of HR Professionals indicates recognition can help create a positive workplace culture and employee experience, and more than one-half said their program positively affects retention (68%) and recruitment (56%). Although many organizations have adopted recognition programs; employees still feel underappreciated. It’s not the program that bears the responsibility of championing employee appreciation--it’s the manager’s responsibility to ensure that the employee feels appreciated. When a supervisor or manager recognizes an employee’s accomplishments, the employee feels more inclined to provide above-average performance. As an employer, how committed are you to recognizing employee performance? Organizations should be 100% committed to creating a culture of recognition, celebration, and praise by honoring employees’ accomplishments.

Employee appreciation should be a regular practice within the employee life cycle and incorporated into the work environment as a standard work principle. An organization devoid of gratitude creates a culture that neglects its most valuable resource: its employees. Effective employee appreciation drives employee engagement and influences employee morale. Productivity and job satisfaction increases when employees feel valued and recognized. You can start with the free employee recognition tools to analyse the impact & adopatability inside the company.

How do You Show Staff Appreciation on a Budget?

Organizations will often cite a limited budget prevents them from recognizing or appreciating employees’ performance. Despite popular opinion, it doesn’t take a substantial budget to show appreciation.

Always ask the employee the form of appreciation the employee prefers to receive. You can solicit this information during your normal feedback conversations or during an individual one on one meeting. The level of appreciation will vary according to the employee. There is an array of options to show staff appreciation with limited resources. Here are employee appreciation ideas that you can use in your company regardless of size and budget.

Employee Appreciation Ideas

1. Thank You – Verbal

This is the simplest form of appreciation. You can take a moment to personally thank the employee for the contribution in real-time. Depending on the employee’s feedback, the thank you can be conducted in the presence of the team or in private with the employee. The two words of THANK YOU spoken to the employee will go a long way, much farther than the 1-3 seconds it takes to muster the words.

2. Awards, Certificates, Fun Trophies

Some employees prefer formal or public recognition, we can certainly respect that. You may present a small award such as a plaque, a certificate, or even a fun/goofy company relevant trophy acknowledging the employee’s accomplishments. Presenting an award gives the employee a physical token of appreciation and personal keepsake to commemorate the achievement.

3. Employee of the Month, Wall of Honor, Parking Space/Commuting Pass

Public recognition is one of the most frequently and standard forms of appreciation. An employee of the Month or a Wall of Fame award is a low budget option to recognize employees amongst peers and the organization. Transportation is a major concern for most employees. Assigning a designated parking space, granting a parking space or providing a commuting pass is an ideal solution for employees experiencing transportation challenges.

4. Lunch of the Employee’s Choice or Preferred Snacks

Providing a lunch of the employee’s choice or series of snacks is a great unconventional form of appreciation. Who doesn’t appreciate a free meal or snack of choice? It’s a low-cost alternative that provides the employee with something they enjoy.

5. Gift Cards

Giving a gift card is one of the simplest options for recognizing your employees. There are various gift card options available for your staff including a department store gift card, retail and/or a standard Visa, MasterCard or Amex gift card. Employees may prefer having a gift card of their choosing than other appreciation options. Remember, this option does include taxable consequences if used. Assembly offers a catalog of 75+ gift card brands.

6. Small Monetary Spot Award or Incentive

Of course, the concept of having a monetary award is frequently referenced as a form of employee appreciation. The amount may be extremely limited if your company has a small budget. Consider the taxable requirements prior to offering cash incentives as an option. The employee could perceive the award in a negative view if the taxable treatment outweighs the award’s value.

7. Extra Time Off/PTO

Time off can be one of the best ways to show your appreciation to an employee. Granting a couple of hours to a day off is meaningful and displays an employer’s support of a work-life balance. Your employees will thank you for providing the time off to use.

8. Company-wide Announcement Using the Company’s Intranet, Email, or Communication Tool

Informing other employees of an employee’s success encourages team development and instills recognition within the culture. A quick email from the department head or the CEO displays how the organization values performance and employee contributions.

9. Peer-to-Peer Recognition and Shoutouts

Employees value recognition and appreciation received from customers and their peers. This recognition can be done through a formal system or an informal method such as a thank you note. Either way, employees appreciate receiving shoutouts from fellow co-workers and customers.

Enhance Employee Engagement and Strengthen Your Culture

You can show your appreciation by recognizing and rewarding employees. Engaged teams are more productive and have better communication with Assembly. Assembly is a peer to peer employee recognition platform where co-workers can easily recognize each other with meaningful messages and rewards and companies can manage culture spend with a positive and justifiable ROI.

Assembly has a 95% employee engagement, it has unique rewards and can be easily integrated with Slack.

Grow and sustain your culture with Assembly.

FAQ's

What is the difference between employee appreciation and employee recognition?

Employee appreciation refers to expressing gratitude and admiration for an employee’s contributions, often focusing on the employee as a person. Employee recognition, on the other hand, highlights specific achievements or behaviors that align with organizational goals. While appreciation is more intrinsic and can be informal, recognition often involves formal programs or tangible rewards.

Why do employees feel underappreciated despite company recognition programs?

Employees often feel underappreciated because recognition programs may lack personalization or consistency. Managers might rely too heavily on standardized rewards rather than tailoring appreciation to individual preferences. Additionally, a lack of real-time feedback or meaningful acknowledgment of efforts can contribute to feelings of being undervalued.

What are cost-effective ways to show employee appreciation?

Cost-effective ways to show appreciation include verbal thank-yous, handwritten notes, peer-to-peer shoutouts, small celebrations, or offering flexible work hours. Personal gestures such as remembering birthdays or work anniversaries also foster a sense of value without significant expense.

How does employee appreciation impact retention rates?

Employee appreciation significantly improves retention rates by fostering a sense of belonging and motivation. When employees feel valued, they are more likely to stay committed to their roles and the organization. According to SHRM, 68% of HR professionals reported that recognition programs positively affect retention, contributing to a more stable workforce.