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March 01, 2022
Why Small Businesses Need to Celebrate Employee Appreciation Day
Why it is important to celebrate Employee Appreciation Day?
As a small business owner, you understand that your employees are the backbone of your company. They make your business possible, so it’s important that you express your gratitude and recognize their efforts. Employee Appreciation Day is an excellent opportunity to do so.
Employees all over the world have had to work harder than ever before in the last two years due to extremely unusual circumstances. During a pandemic, they’ve weathered the storms of remote, hybrid, and frontline work to keep organizations and communities running smoothly, and expressing your appreciation and gratitude is more important than ever this year.
What is Employee Appreciation Day?
Employee Appreciation Day is observed on the first Friday of March to honor all employees. It was created to draw employers’ attention towards recognizing the efforts their employees put in the work and meet the organization’s objectives.
When employers’ express gratitude, say thank you, and demonstrate appreciation through celebration and encouragement, employee job satisfaction and engagement markedly increases.
Benefits of Celebrating Employee Appreciation Day
According to a recent McKinsey report, 54% of employees leave their jobs because they do not feel valued by their employer. Employee Appreciation Day is an opportunity to show your employees how much you appreciate them and how much your company values them. Some of the benefits of showing appreciation to employees are as follows:
A little recognition can go a long way
According to a Gallup poll, more than 80% of employees polled believe that recognition motivates them to perform well at work. Furthermore, employees who do not feel sufficiently acknowledged are twice as likely to quit.:
Employee retention is important to your company’s success
Employees who are appreciated by their employer are 20% more likely to stay with the company after a year. Focus on employee engagement and well-being to increase employee retention — and always put your people first.
When employees feel valued—they work harder
Employees feel even more valued when they receive recognition from a coworker, client, or even an executive for their contributions to the company. Employees who see the results of their hard work will work harder in the long run.
Improves job satisfaction and boost morale
Employees who are appreciated are happier and more content at work, which increases motivation, engagement, and loyalty. When an employer treats employees with respect and gratitude, it can improve work ethic while also reducing attendance infractions.
Employee Appreciation Day strategies
Employee Appreciation Day is a time for managers and teams to get to know one another. When the date arrives, you may want to plan team activities to recognize their accomplishments at work or write personalized messages for each employee. However, don’t forget to go beyond written compliments and show your appreciation in action!
This day is all about saying “thank you” to your hardworking employees in a variety of ways, and with more than just words. By demonstrating engagement in concrete, tangible ways, you can highlight your company’s core values. For example, you could try taking time out of your schedule to assist someone on your team with completing a task assigned to them, or you could thank an individual in front of everyone on the floor for their hard work and accomplishments.
Job satisfaction, workplace happiness, and employee morale are all directly related to employee appreciation. When you show your employees that you care, it can increase motivation, engagement, loyalty, and productivity. All of these things are beneficial for your small business.
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