Of course the answer is NO!! A BIG NO!!
Appreciation is often overlooked in leadership, but studies consistently show that recognition is crucial for employee engagement and performance. Here’s why:
Studies has shown the Benefits of Appreciation on Employee Performance:
- Gallup’s Employee Engagement Survey: Employees who receive regular recognition and praise are 3 times more likely to stay with their organization, have increased productivity, and contribute to stronger business outcomes.
- Harvard Business Review Study: Appreciated employees are 50% more productive, report 40% higher engagement, and are significantly less likely to leave their jobs.
- Work Human Research Institute: Organizations that prioritize recognition have 31% lower voluntary turnover rates and 44% higher employee engagement.
There are proven psychological benefits of appreciation on Employee Performance:
- Boosts Self-Esteem: Appreciation reinforces that employees’ work is valuable, boosting their confidence and driving them to take on new challenges.
- Increases Motivation: Praise triggers the brain’s reward centers, releasing dopamine, which encourages continued effort and productivity.
- Fosters a Sense of Belonging: Feeling appreciated strengthens emotional connections to the organization, increasing loyalty and commitment.
- Reduces Stress and Burnout: Recognition promotes a positive mental state, helping employees manage stress and become more resilient.
- Reinforces Positive Behavior: Clear appreciation encourages employees to continue high-performance behaviors, creating a cycle of success.
This raises a important questions, why don’t people appreciate employees enough?
- Lack of Awareness: Managers often underestimate the power of a simple "thank you" and don’t realize how much it boosts engagement.
- Lack of conscious thoughts: 'Out of sight, out of Mind.' Many of the times managers don't realize the efforts put in by the employee because they don't take the efforts to find out.
- Time Pressure: In fast-paced environments, managers focus on tasks over people, neglecting to express appreciation due to lack of time.
- Fear of Creating Complacency: Some worry that too much praise may reduce employee drive, leading to a lack of recognition even when it's deserved.
- Cultural Factors: In some cultures, appreciation is seen as unnecessary or even a sign of weakness, reinforcing a “just do your job” mindset.
- Bias Toward Negative Feedback: Many leaders focus more on what needs improvement rather than celebrating success, creating a culture of criticism over appreciation.
Other factor that comes in the way?
- Unconscious Bias: Leaders may unintentionally overlook certain employees, particularly those who work behind the scenes or are less vocal.
- Unclear Standards: Without clear guidelines, managers may hesitate to offer praise, fearing inconsistency or perceived favoritism.
- Lack of Training: Leaders may not know how to give effective feedback, making appreciation feel awkward or forced.
So, how can you develop the habit of appreciation?
Marshall Goldsmith’s Exercise:
- List Key People: Identify 7-10 individuals in your personal and professional life.
- Set Weekly Reminders: Reflect weekly on whether these individuals have done something deserving of recognition.
- Express Specific Appreciation: Offer genuine praise by highlighting specific behaviors or contributions.
- Stay Authentic: If there’s nothing to recognize, don’t force it. Authenticity is key.
Consistency Over Complexity:
Leaders don’t need grand gestures. Regular verbal, written, or digital acknowledgment fosters a culture of appreciation and motivates continued success. Appreciate in public, criticize in private—leaders often do the opposite, but this shift in focus makes all the difference.
Use the "feedback sandwich" approach: Start with positive feedback, provide constructive criticism, and close with appreciation. This balanced approach keeps employees motivated while fostering growth.
Appreciation is a powerful yet underutilized tool in leadership. By regularly recognizing the contributions of employees, organizations can foster a more engaged, motivated, and loyal workforce. Ultimately, this leads to stronger performance and a healthier workplace culture.
Let’s make appreciation a daily habit! ??
Founder, Stockify Fintech Pvt. Ltd. | CA, Pre-IPO Trading | Building the Best Platform to Buy Unlisted Pre- IPO Shares | Paving the way for risk-free Equity Investments.
2 个月Well said Yogesh Kabir Appreciation is a powerful driver of motivation and engagement. Making it a regular practice helps avoid disengagement and builds a positive work environment where everyone can thrive.
Transformational Coach | Corporate Trainer | Interview Panel Member for IAS aspirants | Communication Coach | Entrepreneur | Author?? | Senior Certified IELTS Trainer | Content Writer | Ex-Business Analyst
2 个月Insightful Yogesh Kabir! A strong motivator that increases engagement and productivity is appreciation.?
Helping Tech Leadership with Business Aligned growth and delivery | Business Makeover Expert | ICF Member | Business Consultant | Innovative Product Launch | 10x Profitability
2 个月Appreciation isn't about complacency; it's about fueling engagement and performance Yogesh Kabir. Consistent recognition transforms teams, making them more motivated and productive.?
Soft Skill Trainer and Communication Coach | Human Resource Consultant | Trained 4000+ professionals | ICF, EC NLP & ANLP accredited
2 个月Such a great reminder! Appreciation is a powerful motivator that boosts productivity and engagement. It’s not about creating complacency, but fostering a positive and thriving work environment. Yogesh Kabir
Career Championship Coach ?? | LinkedIn Top Voice?? | Founder - Career Champion's Hub | Corporate Trainer | Impacted 11,500+ Individuals Through Training & Coaching
2 个月Amazing prospective Yogesh Kabir When you recognize and appreciate your team's effort, they not only feel special but also their moral gets boosted. ??