In spite of knowing how important employee engagement is, the employers don’t really put the efforts to run their recognition program or have one in the first place. The benefits of a recognition program are many but according to a study revealed, there are just one in four businesses that recognizes its employees frequently.
There can be many reasons as to why employers don’t want to reward or appreciate the employees for their work. They may think that employees will not work as hard afterwards, or the company might be an SME and not willing to use funds for this. They might even be of the opinion that the approach they are following is working just fine and so resisting from trying something new. Let us look at other more apparent reasons that stop employers from recognizing the efforts of their workforce.
They don’t know the real impact it can make-
There are ample posts around employee engagement and recognition, be it the thought leaders or the HRMS software vendors, everyone is talking about it. However, businesses are still not ready fully to catch the perennial trend and enjoy its benefits. They are unaware of the fact that besides making your employees happier, the strategy will also help them in reducing the turnover and spike productivity.
They think it takes a lot of effort to recognize-
The same depends on how you plan to go about it. If you do not want to give rewards or take a lot of time, you can appreciate in person, whilst a meeting is conducted or using HRIS software feature to make announcements.
There may be less understanding around the term-
Some employers, infact most of the ones who are not practising this equate recognition with rewards straight away. And this is precisely where they go wrong and start avoiding it all together even for an employee. Rewards can be a part of the big picture but that doesn’t mean that to recognize you have to reward every employee. It can be as simple as giving a badge and writing some words of praise for the employee on the HRMS software you are using. Infact, the same can help you in defining a bigger goal to achieve for the team members and then you can give a reward to one employee who performed the best.
They think it is too expensive-
Again, recognition depends on the approach you choose. And no matter what you choose, even a rewarding scheme pays out in the end and doesn’t even cost you much.
In the end, if the employers don’t know what they should be recognizing, they should start identifying the business leaders and start implementing their strategy accordingly. If that requires expert advice, go for it. This will set the foundation for years to come and reduce the turnover of your company. This, in turn, will help you in saving the new hire cost. All the best!