A study from Anglia Ruskin University in England revealed some interesting results concerning students, specifically millenials, who wanted to pursue careers in social entrepreneurship. One of the key facts revealed was that these millenials were not only motivated by wanting to do good in the world, but they also wanted to be recognized and valued for their efforts.
In 2015, IBM put together a study called “Myths, exaggerations and uncomfortable truths: The real story behind millennials in the workplace.” They found that for millennials, gen Xers and baby boomers, most of their goals at the office were pretty similar. A quarter of millennials, 21 percent of gen Xers and 23 percent of baby boomers reported that one of their long-term goals was to make a positive impact on their organization. There is also the question of how that “value” can manifest itself. 2016 Gallup data about employee recognition found that there were a number of ways workers feel appreciated across all cohorts -- and money isn’t even the most important one. It can be public or private recognition, a positive review, more responsibility or just general satisfaction and pride in their work (entrepreneur.com).
Service and employee recognition is not just important to millenials, but employees of all ages. Recognizing employees for their efforts demonstrates that they are valued and it encourages them to continue to produce excellent results.