Recognising employees at the moments that matter can be vital to ensuring a happy and engaged workforce and retaining top talent.
Whether in management, HR or an employee, check out our five quick tips to ensure you help to make those significant milestones memorable.
1. Acknowledge new recruits
The average employee turnover is 4.8 years, only 2.6 years for millennials, yet only 23% of companies recognise and reward employees for 1-3 years’ service. Research shows that early recognition significantly impacts on an employee’s discretionary effort and likelihood to remain in the business. Structure your Service Anniversary programme to acknowledge the impact of newer recruits.
2. Use a range of recognition
Employees who receive multiple types of recognition are happier, more engaged, and performing at a higher intensity. Ensure your Service Anniversary stratergy is part of a wider programme that creates a culture of regular appreciation.
3. Encourage contributions
Employees say peer and superior contributions towards recognition are highly valued. Elevate the impact of your Service Anniversary programme approach by encouraging contributions from across the business.
4. Create a sense of teamwork
Employees are 51% more likely to feel isolated at work when they don’t feel a sense of teamwork. Awards with personalised celebratory messages from colleagues promote a sense of belonging, increase effort and desire to stay, and feeling of being recognised.
5. Include rewards
Service Anniversary programmes that include a reward element increase the inspirational and motivational impact. Whether with tangible or experiential rewards, raise the bar by ensuring your reward offering provides choice for all demographics.
Learn more about BI WORLDWIDE‘s approach to achieving employee engagement and workplace happiness