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Build a culture of appreciation for talent retention

What is a culture of appreciation?

Having a culture of appreciation at work means valuing and recognizing the contributions and efforts of employees. It involves creating an environment where employees feel valued, acknowledged, and supported.

Why build a culture of appreciation?

Implementing a culture of appreciation is crucial for businesses as it leads to higher employee engagement and lower turnover rates. Engaged employees are not only more productive but also deliver higher customer satisfaction. 

Engaged employees have:

  • 13% lower attrition rate
  • 20% higher productivity
  • 50% higher customer satisfaction scores

What does having a culture of appreciation really look like in practice?

Recognise and celebrate achievements

One effective way to foster a culture of appreciation is by encouraging employees to recognize and celebrate positive contributions from their peers. Utilizing a technology platform that provides consistent and transparent recognition can further enhance the success of this strategy. It allows for broadcasting and celebrating contributions while also monitoring and measuring engagement levels and return on investment.

Our social recognition software HWH Engage allows you to leverage all these elements in one convenient package. It's a fun way to encourage company values-based recognition, for example by allocating points to employees to redeem against an internal or external gift catalogue or perk.

Recognise significant career achievements and service milestones with a certificate, service pin, special gift or engraved memento. Set aside time to thank employees for their long service at a morning tea or company dinner. We offer service recognition programs from basic to custom built to help you build a culture of appreciation through long service recognition.

Appreciate on a daily basis

Simple things like greeting people by name at the start of the day or a meeting build a culture of appreciation and respect. Take the time to listen to other's ideas and contributions, and give credit for ideas where it's due, for example pointing to the idea's originator in a meeting. Even if ideas and feedback can't ultimately be implemented, acknowledgement of the contribution is powerful. 

Take time to get to know your team, and find out what drives them and what their lives outside of work revolve around. When you value your team mates as people, they feel appreciated and more motivated to be engaged at work. Define and respect work-life boundaries. "Simple Ways to Show Appreciation at Work," by Christopher Littlefield is a great article on these day-to-day ways to build a culture of appreciation.

Our social recognition software HWH Engage is a great way to stay in touch with your team and pass on those little notes of encouragement that keep us going.

By implementing a culture of appreciation, businesses can create a positive and supportive work environment that not only retains talented employees but also boosts overall productivity and success.

Interested in a cloud-based social recognition platform to boost engagement or a long service recognition package? Contact us to find out more.