Three-quarters of employees report that they never receive a regular ‘thank you’ from their boss, according to a survey of 1,002 workers by provider, One4allRewards. This is affecting retention: 31% said they would be ‘very unlikely’ to leave an employer that regularly showed appreciation for their work.
Declan Byrne, UK managing director of the firm, said:
‘It’s amazing to see how many companies are overlooking the very basics of maintaining positive employee morale – clearly in UK business the power of a simple thank you, or even a more tangible expression of gratitude such as a small reward or benefit, is being regularly overlooked, despite the huge impact it can have on staff retention.’