- Despite the fact that 63% of UK workers are experiencing increased stress due to holiday season expenses, 42% plan to purchase gifts for their colleagues. This highlights the importance of workplace appreciation
- Almost 80% of respondents indicated that they would buy gifts using rewards points earned through an employee recognition program, easing their financial burden at the end of the year
Workhuman(r), a company that is revolutionizing the way employees connect, celebrate and appreciate one another in the workplace announces today the results of its Human Workplace Index. The index reveals key insights into UK employees’ expectations regarding workplace bonuses and gifts, as well as the impact the festive season has on their working life.
The cost of living crisis is continuing to affect UK workers. Research shows that 63% feel stressed about holiday expenses. However, 42% plan to purchase gifts for their colleagues. This highlights the importance of workplace gratitude. The expectation of a bonus and a gift is high. 48% expect a bonus from their manager, and 53% anticipate a holiday bonus.
This study highlights the importance of traditions at the end of the year on the company culture. 82% of respondents reported increased camaraderie during the holiday season. The study found that many employees (56%) view gifts as a way to show their appreciation for their work. This highlights the importance of workplace recognition during this season of gratitude and connection.
Recognising your achievements is a gift that keeps on giving
56% of respondents prioritized end-of-year appreciation for their co-workers, and most of them did so through verbal thank yous (68%) or gifts (62%). Employers have the opportunity to promote an atmosphere of appreciation at work.
Notably, 77% Brits stated that they would use the points earned from peer-topeer recognition programs for Christmas gifts. 76% also agreed that rewards based on points could ease holiday spending pressures. 61% of UK respondents also felt that formal recognition programs would encourage more frequent expressions of gratitude and make them feel more natural.
But despite their obvious appeal, recognition programmes and rewards are far from being universal. Gallup’s research indicates that only 34% percent of employees worldwide say that their employer has such a program. This discrepancy not only represents an opportunity missed by companies to provide additional support to teams in financially challenging times, but also foster a culture that values and connects. Gallup’s research shows that employees who are given high-quality recognition have a lower likelihood of leaving their job. Employees are looking to receive and give tokens of gratitude, which presents an opportunity for employers.
Niamh G. Graham, Senior Vice-President of Global Human Experience, Workhuman, said: “The end of the year offers a unique opportunity to increase appreciation, celebrate accomplishments, and make employees truly feel valued.” “A well-crafted program not only increases year-end appreciation, but it also acts as an investment for employee satisfaction and culture. Recognizing employees is important for cultivating a culture that will last throughout the year, as businesses face the challenges of an uncertain economy. “When done correctly, recognition can go beyond holiday gifts. It creates lasting connections, positive effects on employee morale and engagement, and an atmosphere where employees feel valued all year round.”
Survey methodology:
Workhuman commissioned Pollfish to conduct a survey of 1,000 full-time UK employees. The aim was to gain insight into employee engagement and productivity.
Workhuman:
Workhuman(r), the leading global provider of technology solutions, analytics, expertise, and services, helps companies address today’s most pressing human capital challenges, including employee turnover, hybrid work environments, DEI, through the Workhuman Cloud (r), a SaaS-based platform that offers the best Social Recognition(r), solution in the industry. Workhuman, the world’s leading provider of technology, analytics, expertise and services, is revolutionizing how employees connect, celebrate and appreciate one another in the workplace. With unmatched data from Workhuman iQimg class=”wp smiley” src=”https://s.w.org/images/core/emoji/15.0.3/72×72/2122.png”, style=”height 1em; maximum-height 1em ;”>,, we empower business and HR leaders with proactive insights to understand issues and make the best decisions for aligning business objectives with culture in order to have an immediate impact. Workhuman’s global ecommerce network offers award redemption of the highest quality. This helps to create more human-centered workplaces, which recognize and value each employee.
Workhuman is a pioneer in the human workplace. For over 20 years, Workhuman disrupts outdated HR practices to improve employee engagement at work. With solutions that engage approximately. Workhuman has seven million customers in 180 countries in 30+ different languages. This generates 100 million human connections. Visit www.workhuman.com for more information.
The original version of this post A new Workhuman study finds that financial pressures are a concern for UK workers during the festive season. However, gifting colleagues remains a top priority appeared first on HR News.
