Employee Appreciation Ideas For 2023

Intro

Finding a suitable employee is difficult, but keeping a great specialist is even more difficult - this is an entirely new challenge, if not a problematic strategic task. One of the first signs is that an employee is about to leave the company or will soon lose involvement in the work process. You can make employees as involved as possible at work with the help of well-thought-out retention strategies, which we will talk about today.

You will find a detailed article on how to retain employees in 2023, what retention is in general, stages of the employee life cycle, and, of course, useful information to appreciate your employees in upcoming year 😊

The Main Drivers of Employee Retention and Appreciation

The decision to leave a job is always a tough one for employees. The reasons for this in people can be completely different, both professional and personal. As for personal reasons, then the employee can either tell the management about them or keep them secret. Many employees enjoy life-long learning and offering them training and sessions will boost their motivation and enthusiasm. For instance, conflict resolution training is excellent to offer your employees and develop their understanding of conflict transformation.

Here are some of the factors that help keep employees in a company and can make them stay:

• Healthy working environment;
• Recognition and praise;
• Flexibility;
• Opportunities for growth and development;
• A healthy relationship with the manager;
• Competitive compensation

TOP 14 Employee Retention Strategies

The COVID-19 crisis has had a major impact on talent management, forcing businesses to accept new rules of the game and generally reboot. In addition, the corporate culture has also changed dramatically. According to CNBC, one in four Americans will work remotely in 2021. In order to implement retention strategies, it is important to understand what employee recognition is to recognize all successful employees and hard-working teams.

Searches for “work from home” on Google US grew by 309% in March 2020 compared to 2019. And keeping Generation Z and Millennials has become even more difficult. According to a Forbes report, 49% of millennials will leave their jobs in the next two years.

Therefore, employee retention strategies will be very different before, during, and after the pandemic. So companies need to be on the lookout and understand all the trends and benefits they can use to retain talent. Another great way is based on giving high-quality tools and information to your employees. For the SEO planning and strategies they can use Rank Tracker and ease the process, meanwhile have better experience at work.

Sport will clean your employee’s mind

You should invest in employees' appreciation and treat them best. If your employees spend much time in front of the computer, consider buying them the best electric bikes of 2023 and help them to have better time management by making some competitions between them.

Hiring Employees Who Share and Align With the Company's Values

Employees can develop professional skills and abilities, but if a person does not initially share the company's values, this cannot be taught. You will get loyal and engaged employees by initially hiring relevant and suitable people. Newcomers close to the company's values and culture can quickly join the team as they feel comfortable and confident. For all the new employees you can make photo books as a gift to celebrate their new role and share a positive atmosphere or you can just send gifts for employee appreciation. The very first day is essential as they shape ideas about the company’s values.

Reward not only Results but Also Efforts

Of course, the results obtained are much easier to measure than the effort that was expended on them. Each of us has been in a situation where we worked very hard, but we have yet to get the desired result. And my colleague, on the contrary, everything turned out quickly and efficiently. But this is not because we are less competent, but because only some things always go as we planned for ourselves.

Companies must be sympathetic to reality and recognize their efforts. For example, Next Jump rewarded employees based on how much they helped their colleagues. And those employees and teams who have helped their colleagues should get corporate awards for employee recognition. This will foster participation and workplace engagement. Digital gestures can also play a role in fostering workplace engagement. A simple, thoughtful way to recognize employee achievements is to send free eCards instantly. These personalized digital cards can express gratitude and celebrate milestones with the look and feel of traditional paper greeting cards, adding a special touch without any cost.

Definition Time: What is Employee Retention

Employee retention is an organization's effort to keep working with specialists as long as possible. And the retention rate, in turn, directly affects the success of the business and turnover. Therefore, turnover and retention rates are interrelated since the higher the retention, the lower the fluidity. For instance you can think about having a web audit on your website to understand how your IT team works and after the audit plan their retention and calculate the rates.

Formula to Calculate Employee Retention Rate

First, select the period for which you want to calculate the retention rate of specialists. Then proceed according to the following formula:

Motivators are what motivate employees to work. Herzberg argues that the motivation of employees depends on the working conditions. For example, their responsibilities, job satisfaction, recognition from management, and growth opportunities.

Hygiene factors are what keep employees in the company. In other words, employees expect these physiological needs to be satisfied. The absence of these factors leads to the fact that people lose their involvement and think about changing jobs. These include the level of compensation, the quality of management, and the relationship between colleagues and management.

But at what stage do employees think about leaving, and what makes them change their mind or, conversely, make the final decision to leave? To do this, you need to know what stages the life cycle of an employee in a company consists of and at what stage you need to activate retention strategies. For retention strategies, it is also essential to calculate and prepare invoices of the payments and salaries. Create a pay stub for your team workers to ease the process of documentation and have better management.

Hybrid Jobs and Employee Appreciation

With the new post-pandemic world, flexible working hours are no longer an advantage previously offered by companies but rather a natural expectation for candidates. 74% of employees in the US are willing to quit their jobs to be able to work remotely. 31% would like to work remotely, but the company needs to provide such opportunities.

Creating hybrid jobs is a great compromise an employer can offer employees. And in this case, the two parties will remain in the winnings. For instance you can have a fully remote SEO team and provide them with great tools to work from home. Your employees can use keyword finder to assess their SEO strategies and have better time management.

Employee Well-Being: How to Manage it

Employee well-being is understood as satisfaction with life and work. It includes such parameters as the state of health, relationships in the family and at work, financial well-being, self-realization in the profession, and so on.

Today, concern for the well-being of staff is a popular trend. Let's talk about what makes up employee satisfaction with life and work and how a company can influence it.

Career

Clear growth prospects, opportunities to apply your talents in your work, passion for what you are doing - all this affects the well-being of an employee.

An Employee must constantly feel development and progress. For this reason, companies where career advancement is presented in the form of frequent small steps show good financial results: for example, an increase in a new position every three or six months.

Employees who work in an atmosphere of trust, respect, and mutual assistance have a high rate of happiness. Also within this area, the balance between work and personal life is important - a person who is satisfied with life has enough time to communicate with loved ones.

Health; Both Mental and Physical

Employees will be satisfied with their life and work only if their health is in order, there are no stresses from overtime or communication with colleagues and clients.

Companies should put the health of their employees first. People can be attentive, quick-witted, and solve problems creatively only if they are rested. The ability to "disconnect" from work in the evenings and on weekends, take frequent short breaks, and go outside at lunchtime are important conditions for quality rest.

Social Contribution Through Work

People are happy if their skills and experience benefit the team, the company, and customers.

Organizations often do not convey to ordinary employees the strategy and goals of the company, the real measurable results of the work of all employees. As a result, a person cannot correlate his direct work with the business results of the organization. This affects the self-esteem of the employee (“I don’t do anything significant in the company!”), involvement in work, the desire to develop as a professional.

Finally, awareness of the importance of one's work, a significant social contribution from the performance of work duties is assessed through contribution and dedication. Companies can develop a healthy work environment if they appreciate their employees and take care for their well-being.