What is strategic recognition? And how does it impact how you feel about work?
Here in the United States, we’re just getting back to work following the Labor Day weekend. The federal holiday was created by an Act of Congress in 1894. The goal? To celebrate the contributions of laborers to the development and achievements of the United States.
Yet to most Americans, Labor Day simply marks the unofficial end of summer. It is seen as our last chance to enjoy summer activities before the long, cold drudgery of winter. As such, the true significance of Labor Day, the first legislative act of strategic recognition for employees, is often overlooked.
The Impact of Strategic Recognition
Labor Day was, and is, our government’s way of saying “Thank You” to the people who keep the economy running, the laborers and employees who do the actual work. But the idea of thanking employees for their efforts, through perks, bonuses, and awards has a far greater impact on business success than this one weekend a year.
In fact, such strategic recognition helps employees feel appreciated, remain engaged, and become invested in the company’s goals.
Everyone wants to feel appreciated. And recognition for a job well done promotes job satisfaction and overall happiness. It also reduces sick time and turnover while increasing engagement. So, knowing that engaged employees are more productive, many companies use recognition strategically to improve engagement. Does yours?
This infographic from WorkHuman breaks down some of the statistics surrounding the use of strategic recognition and its effects on business success. You can use this information to judge where your company stands on the statistical spectrum of employee appreciation.
Then ask yourself: Do feel appreciated? If not, you might want to celebrate Labor Day next year with time off from a different employer.
In any case, we here at YouTern would like to add our thanks to all those who keep our economy running.