Did you know that companies who effectively acknowledge good work and make their team feel valued are 21% more profitable than those who don’t?
When your employees feel valued, it’s a knock-on effect that results in greater business success. A team of employees who feel valued at work will be more engaged, produce their best work and be more loyal. By encouraging a culture of recognition, you’ll be on your way to making your employees feel valued in no time.
If employee turnover is high and engagement is low, read on as we share 11 unique ways you can make your employees feel appreciated.
1. Provide opportunities for learning and development
Learning and development is an essential part of creating a high performing team. Today’s ever-changing nature of business requires employees to be up to date with trends so that new challenges can be tackled head-on. It allows your team to stay relevant, motivated and engaged with their work, whilst providing new opportunities to test and innovate. By providing opportunities for learning and development in your team, you’re giving them the power to succeed in their role.
The learning and development opportunities are endless – seminars, conferences, online training, and workshops, just to name a few. It can also give your team a competitive advantage, leading to higher customer satisfaction, lower costs and faster growth! Who doesn’t want a dream team of high performing, educated employees!
2. Acknowledge milestones and special events in your team
We spend on average one-third of our lives at work, so it’s important to not let special events pass you by. With employees becoming less loyal to companies than previous generations, it’s important to recognise the smaller milestones. By celebrating birthdays, promotions and work anniversaries, you’ll improve team morale, whilst making your staff feel valued in the process.
A study conducted by Harvard revealed that most people who changed jobs did so within the first year. They also found there was a spike in resignations in the lead up to an employees’ work anniversary, regardless of how many years they were at the company. These findings are proof that if you want to keep good employees around, you need to keep them engaged, especially in the lead up to their work anniversaries.
3. Surprise your team with food or snacks
Small gestures like providing your team with lunch or bringing in donuts is a great way to make your team feel valued. Let them know that you appreciate all of their hard work. After all, this your time to say thanks. By adding in a social aspect to when you show your appreciation, you’ll also improve team morale. Plus, who doesn’t love a sweet treat?
4. Use OKRs to set goals and hold quarterly events for reaching them
Objectives and key results (OKRs) are a framework that can be used for defining and tracking goals, and their outcomes within a business. OKRs are proven to increase productivity, align your teams and provide more insight for everyone in your business.
By establishing OKRs, your team will know exactly what they’re working towards and how their work contributes to the overall business goals. It’s an empowering way to see your teams progress, which ultimately makes them feel valued.
If your team meets their OKRs at the end of each quarter, why not hold a celebration for your hard workers? By holding a quarterly celebration, your team will stay motivated and committed to reaching their OKRs. An engaged, hardworking team that’s motivated to meet goals – now, that’s the dream!
5. Take your team out for coffee or lunch
By taking your team out for coffee or lunch, you can show them how appreciative you are of the work they’re doing. Small gestures like this really make your team feel valued and boosts employee engagement. Getting outside in the fresh air also has many positive health benefits, and who doesn’t want that!
6. Encourage feedback
By creating a culture where feedback is valued by management, you’ll be able to create a workplace where everyone feels comfortable.
It’s important to actively encourage feedback as it can help everyone be better leaders and create a more inclusive culture. By opening up the lines of communication in your workplace, you’ll be able to take on suggestions and implement them into your business. It’s a great way to learn out what employees want. According to Forbes, employees who feel their voice is heard are 4.6 times more likely to perform their job to the best of their ability.
You can encourage feedback by:
- Creating surveys and sending them out fortnightly
- Creating a feedback and suggestions box for the office
- Asking for feedback in 1-1 meetings
7. Encourage peer to peer recognition
At Employment Hero, we’re huge advocates of peer to peer recognition. It can motivate your team to achieve their best and encourage them to go above and beyond the expectations of their role by helping others. It can also boost employee engagement, lower turnover and benefit your teams’ wellbeing.
Peer to peer recognition is something that is easily done and can be totally free! Small actions such as publicly acknowledging someone for a great job in your communication channel, leaving a nice post-it note message on their desk, having a team notice board or by using Employment Hero’s Peer to Peer Recognition features – Shout Outs and Recognition, are all great options.
8. Offer wellness benefits
The Australian Government is encouraging workplaces to invest in their employee’s well-being because there are so many great benefits that follow. By investing in the health and wellbeing of your employees, you can:
- Improve productivity and performance
- Reduce rates of absenteeism
- Retain employees
- Improve business culture
- Attract talented employees
At Employment Hero, we provide wellness benefits that empower our team to live a healthy life. Weekly personal training sessions, yoga, daily breakfast, discounted gym memberships, corporate health insurance plans and access to our employee benefits program are all available at Employment Hero. Want to work for us? View our open positions here.
9. Encourage work-life balance
It’s no surprise that working long hours in the office can have a negative impact on your health. But, did you know that 61% of employees are burnt out on the job and after working 39 hours a week, your mental health begins to decline?
Working long hours causes fatigue and can impact the quality of your work well into the next day. Long hours mean small errors begin appearing and productivity begins to decline. This territory is where your employees begin to explore new opportunities as they’re looking to regain balance in their life. So, how can you encourage a culture of work/life balance?
Simply tell your team to leave on time and mean it. If there’s too much workload, make it a priority to hire more staff. If you have one person in your team juggling the role of what should be done by two people, they’re going to be stressed, disengaged and looking for other roles where they don’t feel undervalued.
Recently, Microsoft trialed a 4 day work week in Japan. The result? A huge 40% increase in productivity. Employees were paid for the full working week and time was saved by limiting meetings to 30-minutes and encouraging remote communication.
10. Offer rewards for a job well done
One of the most common ways to make your employees feel valued is to present them with a gift. This can be in the form of a monetary bonus or benefit that is useful to them such as movie tickets, gift cards or Hero Dollars. If your team hit targets or finish a complex project, a bonus or gift is a great way to make your team feel valued and acknowledged. It also plants the thought that gestures like this regularly happen, therefore motivates them to always work harder.
11. Establish a career growth plan
Did you know that of Australia’s Top 100 best workplaces, 90% create individual career development and progression plans for employees, regardless of their career stage?
When employees have a career growth plan within their company, they feel motivated to reach their goals. It lets your team know that you place importance on their growth and that you’re invested in their career. This is one of the top ways to make your employees feel valued. It will also result in a dramatic increase in employee engagement.
According to Deloitte’s Talent 2020 series, 37% of employees cited their top reason for changing roles was due to a lack of career growth and progression. By mapping out a career plan for your employees, they’ll be more engaged with their work and take ownership of their role. There you have it. 11 different ways you can make your employees feel valued. So, go on! Start adding value.
Want to learn more?
For more ways to assist with learning in the workplace and to find out what motivates your employees, download our free ‘What Employees Want’ whitepaper below.