Here is a fun fact to start off - a well-designed employee recognition program can drive up an 11.1% increase in employee engagement. This goes on to show how motivated employees are with the perfect amount of appreciation and recognition. Yes, they are two different words with two different meanings. We frequently use these words interchangeably and while they are both important, there is a significant difference between them. Both these aspects are equally important for a positive and productive company culture, but their distinct definitions mean that they are codependent factors that complement each other effectively.
It's critical to distinguish between recognition and appreciation if you want to foster a healthy, positive culture in your company where employees feel satisfied and valued for their work. It gives leaders the opportunity to create a culture of engagement, loyalty, and high performance. According to research conducted by Abby McCain, 80% of employees would work harder if they felt better appreciated.
Source Link:- https://article-realm.com/article/Business/Marketing/31123-Why-Employees-Need-Both-Recognition-and-Appreciation.html
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