When did you last show your employees how much you valuetheir hard work and loyalty? One of the most important aspects of your business, your employees are the face of your brand and the ones who are on the front line day in and day out.
If you have not heard of employee appreciation events until now, you may be interested to find out more about what they are and why they are important.
Find out what an employee appreciation event entails, plus, 5 reasons for holding one below, and make sure you keep your best employees rather than drive them into the arms of your competitors.
What is an employee appreciation event?
An employee appreciation event, as the name suggests, is an event that is designed to show your employees how much you appreciate them. This is typically an annual event for most businesses, although there is nothing to say that you can’t hold these more regularly if you want to.
There are many different types of employee appreciation events, some of which are small and can take place right in your office, and others that are organized on a grander scale and take place in banquet halls or hotels.
Why should you organize an employee appreciation event?
There are lots of reasons why you should show your employees how much you appreciate them including:
Employee morale is vital in any business, as unhappyemployees are less efficient and more prone to sick days. If your employees are lacking in motivation, an employee appreciation day or event might be just what they need to lift their spirits and get them feeling satisfied at work again.
Low productivity levels are often the result of neglected employees, so if your productivity has taken a dip, an employee appreciation day could help to turn this around.
You may even want to give out rewards or incentives at your first appreciation event to get the ball rolling and start afresh.
Even if you regularly organize team-building events and provide a welcoming office environment, this is not always enough to promote a good company culture. However, by organizing a bespoke employee appreciation event, you can show your employees just how much you value them and their contributions to your business.
The more engaged your employees are with your business, the more you can get out of them. On the flip side, disengaged employees are less creative and productive and take more sick days.
To keep your employees engaged with your business, involve them in your plans and company goals and, of course, through an employee appreciation event.
How many good employees have you lost to your competitors? If it is more than you would care to admit, you need to act sooner rather than later. Not only will an employee appreciation event help your employees feel more appreciated, but it also provides the perfect opportunity to sit down with them and find out if there is anything they feel they are lacking at work.