"Companies should ensure this by appreciating, recognising and rewarding your employees. It is a highly effective and proven strategy for improving employee engagement and business output. Therefore, creating a formal structure for employee recognition is very important,”
Everybody enjoys appreciation and values it but according to the study, only 41% employees feel that they are being appreciated. 59% of them, however, feel that aren’t being appreciated for what they are doing.
This study showed that regardless of how important appreciation is, companies really don’t care about it, as 59% is quite a big number and they feel that they aren’t appreciated.
According to an industry-wise analysis, 87% IT, Telecom, ITeS and internet employees don’t get much appreciated by their bosses. The number in automobile industry is comparatively low to 75 % and 70% in
In a gender-wise analysis, it was seen that the number of
"Employers need to actively engage with their current and future employees, and positive reinforcements are the best way to ensure a powerful employer brand. Open, transparent and responsive communication both on formal and informal channels is key to success - active use of digital media, social networks and company reviews sites all play a major role in ensuring an attractive employer brand." Roy told ET.
“It's not a tough task to make employees feel valued at work. About 70% employees say that they feel appreciated if offered career advancement opportunities at their workplace. For 44% appreciation lies in regular rewards & recognitions, 37% find the best form of appreciation is in a pay raise while 22% feel valued when given a more challenging work profile,” it said in the study.
“Nearly 20% employees say they feel appreciated when allowed flexibility options, such as work from home & telecommuting. And 11% say more authority in decision-making makes them feel appreciated,’ it added.
Though, a sustainable competitive advantage can be achieved by simply keeping employees happy but employees in India still have a long way to go as only 22% employees said they received appreciation every time they performed well last year, while 60% employees say they had rarely been appreciated for their good work last year. A further 18% stated they were never appreciated.