In today’s work culture fostering an attractive workplace is almost universally sought. However, it can be expensive.
Take employee benefits, which Glassdoor research shows 57% of people place benefits & perks at the top of their list when considering a new role.
- How expensive? The national average cost per year of healthcare benefits for an employee with family coverage is approximately $18,000, with the average company paying almost $13,000 worth of the total tab.
However, research shows that employee satisfaction & thus retention strongly correlates to elements such as:
- Senior leadership
- Company culture and values
- Career opportunities for development & growth
BUT…
There is one organizational element that virtually all employees crave that costs nothing:
- Praise
It’s as simple as taking the time to commend your employees when praise and credit is due. A simple acknowledgement or word of thanks that can make a world of difference to a person.
- Not false praise or flattery, which most individuals can tell from the real thing.
- Find the right opportunities to give honest, genuine praise.
- As comedian Rodney Dangerfield would say give an “atta boy” or “atta girl”—because everybody appreciates being appreciated & it’s the right thing to do.
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EMPLOYER ACTION
Several guides for praise:
1. Be authentic
- Praise as often as it is deserved
2. Understand & match the praise to the person
- If your company has done DISC behavioral style assessments, you know that different types of individuals need different types of praise.
- For example, a “C” style person will want the praise to be very specific & concise; whereas, an “S” style individual will want the praise to help her/him understand how what she/he did benefited others (employees, the company &/or clients/customers).
3. Do so in a timely manner
- Ideally “on the spot”, but if not very then, shortly afterward.
HOW TRINITY CAN HELP?
If your organization needs him in creating an impactful employee recognition program or improving your existing one, Trinity’s Consultants can do so—quickly & cost effectively.
- For more information, e mail Trinity at info@TrinityHR.net or visit our website at www.TrinityHR.net.
You have challenges…Trinity has solutions!