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Employees looking for praise rather than perks, Hays finds

Most employees would prefer to be praised for their successes, rather than being offered unwanted perks, according to Hays.

“Headline-grabbing perks have been a trend for many organisations in recent years,” said Nick Deligiannis, managing director of Hays in Australia & New Zealand. “However, when it comes to attracting and retaining the top talent, improving staff recognition is usually a lot more beneficial.”

In recent years, unusual perks and rewards have increasingly been used as differentiators for many organisations. From taking 6,400 staff on holiday, as Chinese conglomerate Tiens Group did in 2015, to offering egg freezing to female employees as Apple and Facebook have done, businesses have looked for new ways to attract and retain staff.

But, according to Hays, the answer is much simpler.

The 2017 Global State of Employee Engagement study by Officevibe, which surveyed 1,000 organisations in 157 countries, found that 63% of employees feel they don’t get enough praise, with 8% never receiving it.

“The fact that so many workplaces are foregoing recognition is concerning, given the impact doing so can have on a business, including its culture,” said Deligiannis. “Employee appreciation doesn’t have to be expensive to be beneficial. Instead, it’s more about taking the time to recognise success and make your employees feel valued. It should be personal and therefore more effective. Good bosses know what motivates and engages their staff and will take the time to treat them as individuals.”

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