(From The Economic Times) -- In a poll concerning employee productivity, TJinsite, research and knowledge arm of TimeJobs.com, revealed that more than 35% of the employees consider lack of recognition of work as the biggest hindrance to their productivity. According to them, rewards and recognition for achievements at workplace act as morale booster, which in turn increase their productivity.
"In today's tough economic environment, it has become incredibly important for companies to recognize, reward and value their most valuable and difficult to source assets, their Generation C employees (who are better informed and have more choices) by embracing the 'recognition culture' ", emphasized Sakaar Anand, Vice President-HR, CA Technologies. He also underlined that the recognition culture is not built by rewarding a few top performers once a quarter. But, it is built when companies go beyond the routine principle of do "X" amount of work and get rewarded.
In their book 'The Enemy of Engagement', Mark Royal and Tom Agnew of Hay Group, highlighted that in organisations today, frustrated employees represent 20 per cent or more of the total workforce. They stressed that organisations need to provide enabling conditions to harness the reservoir of superior motivation offered by an engaged workforce.
"When the company thinks of the employee beyond a work horse, the employee is motivated to give more. This way they create the difference between dangling a carrot and sincerely recognising an employee's talent, passion, risk taking and creativity", added Anand. In support of his view, he also quoted a study conducted by McKinsey to find out which non-financial incentives generate and sustain high performance among employees, where praise/recognition by Manager featured among top 3.