When was the last time you thanked your team for their hard work? Be honest, have you perhaps fallen into the habit of taking your employees for granted? Research has shown that employee recognition, and saying “thank you” to your staff, can have incredible results for your company, boosting productivity, profitability, employee retention, staff morale and much more. So, if you aren’t in the habit of saying “thank you” to your team, perhaps you ought to be.
Why is thanking your team so important?
Employee recognition can provide a plethora of benefits. Employee recognition is, of course, important for the wellbeing and morale of the employee, but can also improve output, increase employee retention and lower the need to recruit to fill the gaps left by leavers. When you thank your team, they feel that the work they do is valued, causing their satisfaction and productivity to rise and motivating them to maintain, or even improve on, their current good work. People want to be respected and valued for their contribution and recognising good work is vital for an outstanding workplace.
According to Globalforce, 78% of employees would work harder and be more engaged if they were better recognised. Companies with engaged employees have revenue two-and-a-half times greater than companies with low engagement levels, and higher-than-average employee engagement translates to close to a third higher profitability. From a bottom-line perspective, it makes sense for a business to focus on thanking its team!
When should I thank my team?
You don’t need to be dishing out thanks every single day. Chances are, this would devalue your thanks in the eyes of your team. Say thank you when a team member has genuinely done something worthwhile, for which you or the company are grateful.
Has a member of staff worked late in order to complete a project ahead of its deadline? Perhaps they gave a big presentation. Maybe you’ve received some great client feedback as a result of your employee’s exemplary customer service. These are perfect examples of the sort of activity that warrants recognition, because recognising behaviour such as this will make it more likely that the employee in question repeats that behaviour on a more regular basis, as well as boosting their morale and earning their loyalty.
What are the best ways to say “thank you”?
Don’t feel that any rewards you give out need necessarily be pecuniary. Often, the act of saying “thank you” means far more to your team than any monetary benefit. To give your praise some real worth, we recommend thanking your employee in front of the rest of the team, or even in front of management or the board of directors. A spontaneous announcement in an open office or inviting everyone to take a coffee break and sharing the praise in front of the collective team will work well.
Be specific with your praise. For example, try saying, “Thank you so much for doing X, because it led to Y, which means Z for the company”. Explain exactly what it was that was so great about what they did.
It’s important to be consistent as well, so your team doesn’t feel like you’re showing favouritism. Whatever the work or actions that are being praised, everyone should be recognised for the same good efforts. Being fair, consistent and transparent is key to a successful recognition platform.
Of course, if it feels appropriate, a gift or monetary reward can also be a great way to say “thank you”. Highfive Rewards allows you to send employees a “high five” to recognise good work, or even a monetary reward, all within the app. If you would like to engage in a demonstration of Highfive Rewards, please email firstname.lastname@example.org and take the first step to a motivated, engaged, highly productive workforce.