At the end of the financial year, it can be easy to get caught up in the rush of finalising your finances, focusing on bank reconciliation, and getting your client files organised. But take a moment to think about thanking your staff – they contributed just as much as you did to the company’s success. It is one of the easiest ways to motivate them for the next year!
When it comes to the end of the financial year, businesses focus on making sure their books are in order, but one area that is often overlooked is saying thanks to staff for all their hard work during the year. Here are some reasons why it’s important to give thanks at this time of year.
Motivation
Having your employees motivated and happy is a great way to ensure the success of your business. A MicroGifts digital gift card lets you show your appreciation to staff or clients in a personalized, memorable way. Giving thanks to your staff at the end of this busy period will likely also lead to higher productivity and motivation in the future.
Engagement
Recent statistics have found when employees believe they will be recognised, they are 2.7 times more likely to be highly engaged. Especially at the end of financial year when your staff have worked hard and engagement drops, rewarding them is an effective way to boost engagement.
Contribution
By letting your employees know you’re appreciative of their efforts, this will allow them to gain confidence in contributing to the creative process of the business. It’s simple, but it can make a big difference. By utilising a MicroGifts digital gift card to say thanks, your staff will feel recognised in their work. This will enable them to gain confidence and work harder in the business moving forward in the next financial year.
Loyalty
Recognising and rewarding your employees at the end of the financial year can additionally build staff loyalty, which is fundamental to the success of your business. A MicroGifts digital gift card allows you to make your staff feel valued, which will motivate them to stay longer with your company.
Get in contact with us today to thank to your team during the end of financial year season.