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The ROI of Employee Appreciation

The value of employee appreciation cannot be understated. When employees see that their hard work is recognized, they'll be more motivated to continue to improve and grow on the job. Employee appreciation impacts engagement and productivity levels. If ignored, workers could become disengaged, opening up the company to financial risk.

The Cost of Underappreciated Employees

Although base compensation and benefits may motivate workers to come into the office every day, gestures of genuine appreciation can inspire them to high quality performance. If a company's employees trudge to work only to receive grumbles from their managers, they may become disengaged and apathetic. That behavior, in turn, becomes a financial risk to the company. In fact, Glassdoor reported that disengaged employees cost the U.S. between $450 billion to $550 billion each year.

At an individual level, Gallup found that disengaged employees cost their employers about $3,400 per $10,000 of salary. So, if an employee earning $50,000 a year becomes disengaged, he or she could cost the company roughly $17,000 annually.

When employees become disengaged, they lose the ability to perform well on the job. Customer service declines, and productivity levels drop. According to HR specialists CBR, lack of motivation is one of the early warning signs of employee disengagement. Individuals who aren't motivated quickly become unproductive and may even show increasingly negative emotions at the office. This behavior can set off a chain reaction, especially if mid-level managers become less engaged in their duties.

One of the most damaging effects of disengagement is an increased rate of absenteeism. An intentional absence from work is a clear sign of decreased motivation. And it's behavior that can truly damage a company's bottom line. Investopedia reported that in the professional sector alone, the annual cost of lost productivity due to absenteeism is roughly $24.4 billion. Among managers and executives, absenteeism costs U.S. companies $15.7 billion annually. Given enough time, absenteeism could become employee turnover. These days, the cost of turnover is high. Dale Carnegie Training reported that $11 billion is lost annually due to employee turnover.

In other words, business leaders have a financial responsibility to brighten their employees' days. A little more appreciation can go a long way in terms of engagement. An investment in your employees as emotionally complex individuals will show that your company appreciates the time and energy they bring to the table every workday.

The ROI from Employee Gifts

Engagement is a spectrum. At one end, disengaged employees drain company resources and create financial risk. At the opposite end, engaged employees generate positivity, productivity and profits. According to Gallup's 2017 State of the American Workplace Report, the behaviors of engaged workers result in 21 percent greater profitability. Those behaviors include greater attention to detail; better understanding of customer needs; and increased observance of processes, systems and standards. The report went on to explain that companies with engaged workforces have higher earnings per share. RecruitLoop reported companies that increase engagement investments by just 10 percent can see profits increase by $2,400 per employee, on average.

Companies that celebrate their employees and show appreciation for hard work receive a return on their investment in the form of higher engagement. In addition to lower levels of absenteeism and increased productivity, employee engagement can decrease turnover rates. And engaged workforces report 48 percent fewer safety incidents, according to the Harvard Business Review. From any angle, high engagement is good for business.

To achieve these results, company leaders need to look for ways to support and acknowledge their employees. In addition to holiday bonuses and annual raises, leaders can utilize other opportunities throughout the year to motivate their workers with non-cash rewards. In fact, there's an entire day devoted to doing just that. The first Friday of March is Employee Appreciation Day, and it's the perfect opportunity to take some time out of the work year to say thank you to the people who are responsible for the success of your company.

Every year year, celebrate Employee Appreciation Day by rewarding your team members with gifts that acknowledge their excellence at work. By showing that your company appreciates not only employee tenure but also quality of performance, you'll create a positive work environment. When your employees feel valued, they're more likely to be engaged with their daily tasks.

Ways to Engage & Celebrate Employees

Show your employees how much you appreciate them in the following ways:

  1. Bring in the caterer: Everyone loves a free meal. Poll your team about favorite local restaurants, and hire the top choice to cater lunch. Remember to consider everyone's dietary habits and plan to offer vegetarian, vegan and gluten-free options. Always be sure to ask about allergies before bringing food into the office. Larger companies with multiple departments should let each section leader plan for his or her team's celebratory lunch.

  2. Offer thank you gifts: Sometimes, a thank you is best said with a gift. Offering useful items like water bottles and paperweights can show that the company is actively supporting its employees. Fun gifts like desk accessories, stress balls and candy can remind employees to stop and take a breath when they're feeling tired or anxious. Gift cards and other non-cash rewards can motivate better performance at work and promote positive attitudes.

    You can also take some time to have a small award ceremony that recognizes the achievements of dedicated workers. Personalized trophies and plaques are an excellent way to show how much your company values the individual efforts of hard working employees. These items can take up a place of pride in the office and motivate others to work harder.

  3. Have an on-site wellness day: When your employees get stressed out, it affects both their work and their physical health. If your company has recently gone through a busy period, considering rewarding everyone with a day of self-care. Health is important, and when your employees take good care of themselves, it could reduce rates of absenteeism.

    Consider hiring massage therapists to provide therapeutic sessions throughout the day. Or bring in a yoga instructor to guide your employees through relaxation exercises. Giving out scented candles or herbal tea can also help employees relax and take a much needed break to recharge their batteries.

  4. Take a field trip: Sometimes, the best way to show your appreciation is to take some time away from work with an employee field trip. The possibilities are really endless. Depending on the interests of your team members, you could spend an afternoon at the bowling alley, tour a local brewery, visit a museum or do some charity work.

    An outing gives your employees an opportunity to let off a little steam and become closer as a team outside of the traditional work environment. Consider holding the event during company hours, not after work, to show your employees that you respect their personal time.

  5. Write personalized notes: One of the best ways managers can show their appreciation is to write personalized letters for each employee. This shows that managers recognize the unique abilities of each worker and understand that everyone makes a one-of-a-kind contribution to the team. Department heads should hand write their letters, if possible, for an extra personal touch.


Customer Favorite Employee Gifts

Updated Wednesday 07-18-2018
Be the Bridge 15oz Ceramic Mug
from Rob of Alexander, ND

Be the Bridge 15oz Ceramic Mug

Very nice for the price
I gave this to my boss for boss's day and she loved it. Very nice size mug.

Essence of Leadership Chrome Pen
from Elise the Confidant of St. Louis

Essence of Leadership Chrome Pen

Exceptional Pen
Our organization runs a leadership program and this pen is given to our participants when they graduate the program. Since this is a leadership program the inscription on the pen "The Essence of Leadership" fits perfectly with the mission/goal of the program. The recipients of the pen are delighted to have received the pen and the meaningful message of the inscription.

Can-Do Mental Block
from LindsayM of Bronson, FL

Can-Do Mental Block

Fun
this is a fun destop item. Interesting tool for office games or teambuilding based games.

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