Employee Appreciation Day is an unofficial holiday observed on the first Friday in March in the United States and Canada. It is a day for companies to thank their employees for their hard work and effort throughout the year. This day was created for the purpose of strengthening the bond between employer and employee.
Though the holiday is still gaining in adoption in the U.S. and abroad, like Boss's Day, Employee Appreciation Day has become an opportunity for managers, company leadership and HR to remember the importance of appreciating employees. Companies often celebrate by offering gifts, events or special recognition for workers. Studies show that recognition and appreciation are growing in importance as drivers of employee happiness and engagement. This has resulted in more and more companies and organizations using the day to thank their employees.
Many publications such as Inc. magazine, Forbes, and Boston.com, are writing about the holiday to remind employers to recognize and reward employee effort and to offer tips for building a stronger corporate culture through appreciation. Showing employees appreciation can result in a company's higher retention rate, not only increasing the productivity of employees but the company as a whole.
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Source of the article : Wikipedia
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