Mahesh Kadam, Chief Marketing Officer, wins Employee of the Year at SAVIC Technologies
Companies engaging in employee recognition programs experience 50% higher levels of productivity from their employees. SAVIC technologies Pvt. Ltd., an SAP Platinum Partner focused on Digital Transformation;
So why is employee recognition so important?
• Retain top talent
The number one reason why most people leave their job is that they don't feel appreciated. A person's career is a huge part of their life, so without enjoyment, they aren't going to be motivated. Similarly, without them, you would have no business or livelihood!
• Increase employee engagement
Regular reward and recognition can help engaged employees progress even further. Recognition boosts employee engagement, which then increases productivity as well as profitability.
• Build Culture
Your employees may pick up on your culture long before you do. They'll understand whether the company fosters collaboration, teamwork, innovation, risk-taking and other characteristics. This matters because an environment that doesn't fit with employees' personalities and needs will create discord and stress. When culture aligns with employee values, you're much more likely to have satisfied, relaxed, comfortable employees.
To summarize, building a culture and environment based on employee recognition improves each of these important areas, but it's crucial to understand how the foundation fits together before starting to build the rest. Employee recognition affects the bottom line of any business. It leads to higher retention rates, improved productivity and boosted self-esteem. One best example for employee recognition could be https://www.savictech.com/