Originally published: 3/1/2021

“Great job!” When was the last time someone said that to you? Bet it made you feel good! As Friday, March 3th is Employee Appreciation Day, a chance for employers to recognize employees for the hard work they’ve done throughout the year, we look at the benefits that employee appreciation brings – for both employees and employers.

We all know what a difference it makes when a boss or colleague recognizes and appreciates our efforts at work, from a simple ‘thank you’ for staying late to meet a deadline, to formal recognition through an increase in scope of work or responsibility. Research has shown that being appreciated increases our morale, motivation and job satisfaction. But appreciating employees isn't just about being nice, it brings benefits for employers themselves.

For example, according to Shawn Anchor, author of The Happiness Advantage, ‘the single greatest advantage in the modern economy is a happy and engaged workforce’. His decade-long research concluded that happiness increased sales by 37 percent and productivity by 31 percent, while according to Gallup research1, the main reason why employees leave their jobs is lack of recognition.

But despite the statistics, employees aren’t recognized enough. A recent poll2 revealed that 65 percent of employees haven’t received any form of recognition for good work in the last year! No wonder that 51 percent of the employees polled said they were unsatisfied with their job.

At New York Life, employee appreciation is not just for one day a year, but every day. We recognize --and reward--the achievements and contributions of our talented employees who work so hard to make a big difference in people's lives--to their colleagues, to their communities and to our customers. 

We recognize our employees’ talent and help them achieve their career goals. We back them with unyielding support, development, and resources. Take our Internal Mobility Program (IMP), which has helped employees interested in proactively guiding their own career paths by providing career counseling and coaching sessions on activities like writing resumés, and interviewing skills.

Since the IMP program began the program has grown exponentially:

  • 380 IMP Hires since the program began
  • 28 Hires already for 2023
  • 113 Hires for 2022
  • 182 participants in 2022
  • 144 Coaching sessions around resume, interviewing, networking and career development

The training opportunity provided by programs such as the IMP is just one of the many great reasons to work at New York Life. There’s also company stability, a comprehensive benefits package, and the potential for professional growth for talented employees who want to progress in their careers. At New York Life, we appreciate our employees. Every day.

Go back to our newsroom to read more stories.

Media contact
Lacey Siegel
New York Life Insurance Company
(212) 576-7937

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