For accounting employees to achieve their peak performance, they need to be recognized for significant and everyday accomplishments. Recognizing staff members’ output confirms the value of their work and makes them feel appreciated. When colleagues feel valued, their satisfaction and desire to improve output goes up. Consider the following benefits of employee recognition.
Recognizing accounting workers’ desired behavior increases repetition of the behavior, which increases productivity and improves the company’s bottom line. Direct performance feedback lets staff members know what actions to repeat, and promotes employee satisfaction in work results. More time is then spent focused on quality production. Teamwork is enhanced because colleagues take pride in helping their group excel.
Daily employee recognition results in lower turnover. Accounting staff recognized for their accomplishments feel greater satisfaction with their work, and more loyalty to their company. Such positive feelings result in less absenteeism due to illness, stress, and burnout. Colleagues desire to show up on time daily, work to the best of their ability, and help grow the business because they feel engaged in reaching the company’s goals. Less time and money is spent on interviewing, hiring, and training new workers when staff members take pride in what they do.
As recognition programs help accounting workers feel appreciated and increase efficiency, higher morale is created. Satisfied colleagues focus more on following company procedures, providing superior customer service, and engaging in daily activities to promote new business. Because staff members’ engagement is increased, greater teamwork and peak production occur. Top performers are drawn to the company and want to stay because of the positive work environment.
If you want an outstanding workplace, daily employee praise and recognition are required. For more benefits of increasing employee recognition, contact Trimble & Associates today!