Do you struggle to keep your employees engaged and happy at work? You’re not alone. However, employee appreciation is the secret sauce to a thriving company that many leaders overlook. Not only does it increase employee job satisfaction, but it also has a profound impact on the entire organisation.

Studies show that when leaders fail to recognise and appreciate their people, employees are 42% less likely to be engaged. That’s a big deal because engaged employees are productive employees. In fact, there is an 18x increase in the probability of great work when employees are recognised at work.

Appreciation also has a tremendous impact on an organisation’s culture. It strengthens it. And if you’re looking to retain employees, consistent appreciation and recognition can add 3.5 years to an employee’s tenure. Let’s also not forget the impact appreciation has on an organisation’s bottom line. Companies that practice recognition effectively are 12x more likely to have strong business results like increases in shareholder return.

Unfortunately, only 61% of employees feel appreciated at work. Many companies default to compensation in order to help employees feel appreciated and stay, but did you know that while 80% of employers think employees leave for higher pay, only 12% of them actually do? It’s surprising. More so, 79% of people who quit their jobs cite “lack of appreciation” as their reason for leaving.

So how can leaders help employees feel valued and appreciated at work? It starts with seeing the good. Valuing employees in the workplace begins with a simple mindset shift. Leaders need to actively look for the positive change their people are making. Giving recognition doesn’t have to be hard—it’s the simple act of noticing the good people are doing at work. Pay attention to what your employees are accomplishing day-to-day. Say thanks, watch for great work and call it out, and celebrate success to create a more positive workplace culture. Leader acknowledgement can be a powerful thing.

Invest in employee appreciation today and see the benefits roll in tomorrow!