The Key Benefits of Employee Recognition

Employee recognition is a vital part of ensuring your workplace thrives and operates at capacity at all times. The more employees feel recognised and acknowledged, the lower your turnover rate will be, and the higher employee satisfaction is.

Are you wondering what the benefits of employee recognition are? We’re here to fill in the blanks for you below. Get ready to watch the frowns on your employee’s faces turn upside down after you check out these benefits now.

Improves Employee Engagement

There are several levels of engagement that employees take on when they are working for a company. When they aren’t satisfied, they show up to work and do the bare minimum to complete their jobs.

Essentially they are there to collect a check and do nothing else. However, when employees are excited about going to work because their employer appreciates them, it changes how they come to work daily.

They come in ready to put their best foot forward and are more willing to participate in things like employee surveys. This is because they know what they’re saying in the surveys will be heard and that they aren’t just a number to their employer.

Helps Improve Employee Health

There are going to be seasons at work that are considered busy seasons. During these times, stress runs high, which can affect your employees’ health. This can lead to them feeling rundown, but if you begin writing a letter of recognition to employees, you can turn this around. Employees can hang this letter in their work area or reread it at home when they need a motivation boost.

It can act as a motivator for each day to help them continue working toward the goal of the busy season until everything has been completed.

Breeds Healthy Competition

You don’t want people to compete to the point that they become jealous of each other, but it’s not wrong to have employees working hard to achieve recognition and rewards. Employee recognition can be the way to breed and help competition thrive.

If the prize is becoming an employee of the month, who wouldn’t want everyone to see their photo when they walk into the workplace each day for work? It’s a significant pat on the back for everyone to see.

Aids in the Customer Experience

When you own a business, the people who will interact with customers the most are the employees. If they aren’t satisfied with their jobs and not being recognised for what they do, it can affect the overall customer experience.

One bad experience with an employee can lead to the customer never returning to your business again. But, when employees feel like their employers acknowledge what they’re doing, it can put them in a better mood.

This mood will carry through every part of what they do during the workday.

Employee Recognition Benefits Not To Miss

Employee recognition is essential, and it’s not something you want to take for granted. Recognising employees can improve their mental health, and it can make the experience customers have with your business better than it ever could be.

101 Fastest Growing Professional Networking Companies & Start-ups

Advisory Excellence is thrilled to announce that we have been named in an illustrious list of the 101 Fastest Growing Professional Networking Companies and Start-ups in the United Kingdom by Finance Pill, which is a business and finance internet news publication.

Finance Pill track over 1,000,000 fintech, trading and banking start-ups and the over 3,500,000 people who hold key positions in those companies.

Finance Pill ranked the top professional networking companies and start-ups in their directory. Advisory Excellence placed 4th in the list. The companies, start-ups and institutions named in their article are all exceptional companies, well worth a follow on social media.

Finance Pill selected the companies, start-ups and institutions listed in their article based on the following criteria:

  • Track record
  • Executive leadership
  • Market share
  • Innovation
  • ESG rating

Advisory Excellence was selected for the innovation category. This follows our success in being named in a list of the 101 Fastest Growing Business Intelligence Start-ups.

We would like to extend our utmost gratitude to Finance Pill. As our brand continues to grow, we truly appreciate the recognition of our teams hard work. The Advisory Excellence network has now reached 75,908 followers and subscribers on social media.

Why not follow Advisory Excellence on social media?

Our U.S. based distribution partners MCAP Media Wire also deserve an honourable mention for their ongoing support. MCAP is the #1 media distribution service for microcap and exchange list companies. As always, the Advisory Excellence team is at their disposal.

If you would like to learn more about our reach and services, please click here.