Wondering how to show your employees you care? Here are six ideas to show how much you appreciate their contributions and hard work.
Managers know all too well the cost of losing an all-star employee. According to conducted by the Center for American Progress, the average costs to replace an employee are “16% of annual salary for high-turnover, low-paying jobs; 20% of annual salary for mid-range positions; and up to 213% of annual salary for highly educated executive positions.”
This is one of the many reasons why it’s important to keep your employees happy. It’s also why every company should take the first Friday in March, better known as Employee Appreciation Day, as an opportunity to improve retention and delight your employees.
Wondering how to show your employees you care? Here are six ideas to show how much you appreciate their contributions and hard work:
In a recent study conducted by Dan Ariely for his upcoming book, Payoff: The Hidden Logic That Shapes Our Motivations, Ariely made a . The premise of this study was what works better to motivate employees: pizza, cash, or a compliment? Surprisingly, the biggest motivating factor turned out to be a compliment from the boss.
As small as this gesture may seem, providing employees with sincere and authentic praise for a job well done is extremely effective. Giving this feedback in person is always nice, but never underestimate the power of a handwritten note.
Let them take the rest of the day
This year, Employee Appreciation Day lands on a Friday, so why not let employees out a little early to celebrate? If there’s a looming deadline and an early release isn’t possible, give them a get-out-of-work-free pass to use on a slower day.
Try a fun team-building exercise
There are so many great team-building activities out there—all of which can be catered to the tastes and interests of your specific team. One of the more universal exercises (that nearly everyone will enjoy) is taking your employees to a culinary cooking class. Some of these classes will even host a friendly competition between teams. Not only will this be a memorable event, but it’s also a great bonding experience.
Host a small work party
Decorate a meeting room in the office or grab a big table at a popular lunch spot to host an appreciation party for your employees. This is a great time to give out awards, recognition, and gifts to honor the hard work they’ve put in all year.
Plan a skip day
Let your employees know you’ll treat them to an official Skip Day outing of their choice. To make sure everyone will enjoy this Skip Day, present employees with three adventures—like an outing to a local amusement park; a summer-camp themed day trip; or a wine tasting tour of local wineries—and let them vote on the winning idea.
Take them out to eat
Taking the team out to a delicious meal at an upscale restaurant is a fantastic way to give back. Some companies do this as an incentive to ensure employees achieve certain milestones or benchmarks, and others simply do it as a gesture of appreciation. Everyone loves a good meal at a place they normally wouldn’t go to unless it’s a special occasion.
The ways in which you can show employees you appreciate them extends far beyond this list. Plus, no one knows your team better than you do so be sure to brainstorm ideas that cater to their tastes. No matter what you decide to do, remember it’s the thought that really counts and all employees love to feel truly appreciated for what they do.