Recognize This! – Though research indicates this more for GenY, all of us across generations need to know why what we do every day has greater value and meaning.
Are employee engagement and retention of concern for you and your organization? If so, are you equally concerned about how you’re conveying the importance and meaning of the work for employees (especially Gen Y)?
If not, your engagement and retention scores will lag.
That’s not to say that pay is unimportant. But it’s a mistake to focus solely on compensation as the primary motivator of employees to engage with your organization (or, more accurately, with demonstrating the core values and delivering your strategic objectives) and keep them on staff.
Writing for Blogging for Jobs, Josh Tolan confirmed meaningful work as a critical factor for employee engagement, pointing to Bain & Co. research:
Even better, create a culture of recognition in which any employee, at any level, can recognize any other through detailed, specific messages for excellent work. Now, everyone is responsible for communicating the importance, meaningfulness and value of the work we do every day.