When was the last time you celebrated a win with your team? Have you expressed your gratitude towards them? A lot of corporate parties happen once a year during the holidays in Australia. However, you and your team must not perceive these events as mandatory, but genuine celebrations of company milestones. Also, it would be best if you did it more often. Read below to find out why.
The Importance of Acknowledgement
A popular Bob Nelson quote states, “People may take a job for more money, but they often leave it for more recognition.” Nothing could be farther from the truth. Just about 85% of employees are disengaged in their work; and disengagement ultimately leads to burn out, lack of motivation. 37% consider employee recognition most important kind of support directly related to this matter.
Acknowledgment towards your team is a form of gratitude for the hard work that they give your company. When they are appreciated, they are much more likely to do better work.
A simple “thank you” certainly goes a long way. But for when you really win big, like landing a high-end client or closing an important deal, celebrate these accomplishments with your team.
Reasons to Celebrate Milestones
Host memorable corporate events, gift something personal or perhaps give learning by sponsoring seminars and personal development classes. Your team will appreciate any form of reward and celebration. Here are the reasons why:
Develops a culture of appreciation.Â
Wins, big or small, should be recognised. Make sure phrases like “Good job!” and “Thank you!” are staples in your teams’ interaction. It establishes trust. Studies prove that expressing gratitude has neurological benefits on both people giving and receiving thanks. Keeping this constant promotes a healthy workplace environment.
Inspires team members to continue providing good work.
When your team feels recognised for their hard work, they will be inspired to do it repeatedly. They will stick around. You will have veteran talent to work with you longer. Moreover, when you prove that your goal-setting strategy is successful, it inspires your team to apply it to other aspects of their work and life.
Reminds everyone that your company is a winning company.
Being part of the company’s success, knowing they have an immediate impact is a great boost in morale. This moment will also be a huge opportunity to remind everyone of the company’s vision and mission, and they will feel a deeper sense of purpose.
Opportunity to strengthen teamwork.Â
Everyone will be reminded that they can accomplish great things whenever they put their heads together. And when you celebrate together, it will foster a feeling of reliability towards each other. As you know, corporate parties are the perfect opportunities to host fun team-building activities too.
Influence beyond 9-5.
Celebrations are also a way of checking in with your team members in a way that is not just work-related. Australia’s R U OK movement promotes this kind of conversations. Your team will see you as a more effective leader when they know that you are a genuine person.
Kindness Returns to You
Happiness and productivity are directly related. Believe it or not, your team knows when you are genuine in your appreciation. Your team will give it back to you by improving their job performance. So commit to employee recognition. Celebrate wins, big or small. Give gratitude and give it often.
