I‘m trying to match words using GNU awk command and getting the following error:

echo 'foo bar this that blah' | awk '{gsub("\<regex-word\>", "NEW-WORD");print}'

But getting the following warning on screen and it is not working:
awk: warning: escape sequence `\<' treated as plain `<' awk: warning: escape sequence `\>' treated as plain `>'

How do I fix this problem under Unix like operating systems?