According to the APA, only 29 per cent of teams are recognised at work. What problems could this be causing and what is there to gain from getting it right?
In a workplace, everyday people work together and achieve fantastic things. However, employers actually taking the time to recognise the achievement of a group is a relative rarity.
It's spells a major missed opportunity for many employers, as recognising both individuals and teams is essential to holding on to critical talent. So let's take a look at why you should be making more of an effort to recognise the hard work that people do collectively.
Team achievements often swept under the carpet
A 2014 survey from the American Psychological Association (APA) found that almost half of all workers in the US don't feel valued by their employers. When we take into account that almost one-third of individual workers were not recognised for what they did at work at all over a whole year, you can begin to understand why.
However, at a group level, only 29 per cent of respondents said that their team performance is celebrated - even when they have achieved exceptional things. This can have a damaging effect on staff morale and could, ultimately, be causing you're employees to start staking out better opportunities.
Rewards and recognition has a number of benefits
Take the 2015 Employee Recognition Report by the Society for Human Resource Management (SHRM). Around 90 per cent of the 823 HR professionals surveyed stated that a rewards and recognition programme had made their workplace more engaged and 86 per cent said it had made their workers happier.
While you are more than likely aware of these benefits already, such programmes also improve team dynamics. For instance, 84 per cent of HR professionals felt that an active rewards and recognition programme had improved employee relationships.
Rewards and recognition programmes improve employee relationships
Overcoming key HR challenges with team recognition
Ensuring that employees feel included and involved is one of the major challenges for creating a positive workplace culture today. However, according to the SHRM report, managers are more concerned about their staff turnover. The good news is that both problems can be solved with the same solution.
By recognising and rewarding team efforts, you are providing an opportunity for strong relationships to develop between members and a positive culture to spawn. It is not too much of a surprise then that 68 per cent of SHRM respondents said that such a programme had a positive and measurable impact on retention rates. For more information, reach out to Power2Motivate today.