As the nation slowly recovers from the recent brutal recession, employee morale is low — very low. In fact, a recent survey of about 200,000 workers showed that employee morale is the lowest it’s ever been.
Employers risk losing workers with low morale as soon as the job market warms. Replacing an employee can cost anywhere from one-half to more than two times his or her annual salary!
So it will behoove you to buck up your current employees, and you may do in two simple ways: praise and recognition for their efforts, especially when those efforts go above the usual.
Sixty-five percent of those workers surveyed said they had not been recognized at all for their hard work in the year prior to the survey. Of those who left an employer, about 80 percent said the main reason they left was because they felt unappreciated.
Yet — and here’s where you should sit up and take note — of those companies where employee morale is high, almost all workers said that their managers recognize their employees’ efforts.
What’s more — and really pay attention here — the survey found that those organizations who recognized their employees for their efforts usually were more profitable than those who didn’t recognize workers.
As you work to make your company’s culture one of appreciation and recognition, be sure you praise and acknowledge not only top performers, but “average” and underperforming employees — when they make an extra effort for even the smallest of things. Praise can go a very long way to helping your employees get to a level of performance where you want them to be.
If you’re in the search for exceptional, hard-working, top-notch IT professionals, contact The Wellspring Group. We will source the most talented IT workers possible. We look forward to hearing from you!