10Clouds’ culture and the importance of recognizing achievement
Two weeks’ ago, we celebrated 10Clouds’ twelfth birthday. We can’t believe that we’ve almost entered the teenage years! It was amazing to meet in person, as the pandemic has meant that like many companies, our work has been increasingly remote over the past 18 months. The party was an opportunity for us to meet across offices, to hang out together, have a good chat and to celebrate our joint successes.
Ways in which we celebrate success at 10Clouds
It was also an opportunity to show our appreciation for one-another. At 10Clouds, we embed mutual, constructive feedback and praise into our day-to-day work. We believe that this is a vital part of showing our appreciation. It also feeds into our values of humanism and progress.
We do this in various ways. Day to day it happens in our conversations with colleagues and our team meetings. We also have a Praise channel on Slack where we give kudos and shout outs to team members who have excelled in a particular project, have supported junior colleagues or created outstanding work. At our party we took a more formal approach, and rewarded some 10Clouders for their efforts over the past year in an official ceremony.
Why is it important to recognize and celebrate achievement?
There are many reasons why recognizing and celebrating achievement in the workplace is important - some more obvious than others. This is why we believe it’s worth focussing on:
1. Increased happiness and therefore retention
Employees who see the value that they’re adding to the business and that their efforts are recognized, are much more likely to be happy at work and to want to stay for longer. Praise and recognition also gives them an indication that they are likely to progress through the company and that there will be an ongoing investment in their development.
A 2020 study from Erica Boothby and Vanessa Bohns at the University of Pennsylvania showed that the positive impact of compliments and praise is often underestimated. And the impact on workplace retention is significant. SurveyMonkey surveyed 1,500 respondents and found that 63% of those who were “always” or “usually” recognized said that they are “very unlikely” to job hunt in the next 3–6 months. Gallup estimates that it can cost twice the annual salary of an employee to replace them. It also says that U.S. businesses lose $1 trillion per year due to voluntary turnover. In summary? A bit of praise can go a long way.
2. Employees who are regularly praised are likely to put in more effort
It makes sense that if you’re recognized for your work, you’re more likely to continue putting in a decent level of effort for your employer. A survey by OGO found that 40% of employed Americans would put energy into their work if they were recognized more often. What else goes along with this? An increase in not just output but also creativity, new ideas and efficiencies to the way that work is conducted at the company
3. Recommendation for being a employer that values people
One of our awards at the recent 10Clouds 12th birthday was for our CEO, who was commended for nothing more than ‘being a good person.’ It may not seem like much of a reward, but actually, it says a lot about our focus as a company. It’s important to us that every employee feels valued for being them and for the work that they do - not for putting in overtime or for doing extra work outside of their role.
We want our employees to speak of 10Clouds as a company which truly values people - one which they would be willing to recommend to their friends and their network, safe in the knowledge that were they to join our gang, they would be treated with the same mutual respect and recognition.