Recent statistics show that over 43% of all employees in most businesses are unsatisfied with their job because they don't feel like they are given enough respect or recognition for the work they do and what they're able to get done.
If these feelings continue for an extended period of time, then this is going to result in an ever-increasing amount of dissatisfaction for the business, and productivity and success will get worse and worse.
However, by implementing some more recent P2P recognition platforms and services into your business, as we spoke about above, you'll be able to encourage everyone to become even more supportive of one another, which ultimately leads to a happier and more productive work environment.
This needs to be implemented on all levels of your business. For example, even if you have managers who are disinterested in the company and show an inability to give praise where it's due, this system works well because it encourages other employees, even same level employees, to give that praise.
This is especially important if you're working with millennials and generation X, Y and Z employees because they thrive on recognition. While it may be difficult for older generations to understand, especially those with a 'just get on with it' kind of attitude, this is simply the way the world is.
"If you're able to recognize the efforts of your younger generation staff force, your employee base will quickly become a force to be reckoned with, so make sure you're investing time in seeing how well this will work," shares Benjamin Prescott, a project manager for Eliteassignmenthelp