The success of your business highly depends on your employees. Taking the time to thank your employees is more than just acknowledging their hard work. It is one of the smallest, yet most effective way to boost morale and promote a healthy culture. A report which comprises data from more than 30,000 employees across 500 organizations demonstrates that employees who received recognition were much more likely to rate their workplace as enjoyable. In addition, seventy percent came from crediting their peers for creating an engaging environment, as opposed to perks and amenities. However, many leaders hesitate to show their appreciation and unfortunately, many workplaces are not doing a good job at recognizing their employees. According to TINYpulse’s 2014 Employee Engagement Report, seventy- nine percent of employees do not feel strongly valued for the work they put in. A simple “thank you” offers benefits on an individual and organizational level. Below we have listed some scientifically-backed benefits of gratitude and why it is so important:
Thanking employees increase productivity
Researchers at the University of Pennsylvania discovered that leaders who motivate their employees were more productive. In one study involving fundraising calls, employees who were thanked by their managers were able to raise 50% more funds than their co-workers.
Acknowledging their efforts builds mental strength
Studies shows that grateful people are more flexible. They have the ability to cope with stress, and they experience fewer toxic emotions, such as resentment and envy.
Gratitude helps well-being
Research shows that gratitude links to better physical health. People who are grateful typically have lower blood pressure, improved immunity, and healthier hearts. Some studies even suggest gratitude can help you live longer.
Gratitude increases job satisfaction
When people feel appreciated and show appreciation for what they have, they are more likely to be happy with their jobs. Countless studies have linked gratitude to increased job satisfaction.
Generosity is contagious
When leaders demonstrate gratitude and appreciation, it’s likely to be contagious. Research exhibits altruistic and cooperative behavior spreads from person to person. Thus, saying thank you to someone is likely to inspire that person to thank others. It can become a positive loop that just keeps going!
Taking the time to appreciate your employees can result in amazing things. Productivity, retention, and friendships will contribute to an increase in employee satisfaction. Not only will you feel better, but you will make everyone else around you feel good. A simple thank you can go a long way, so don’t underestimate the power of two small words.