Bravo rewards and recognition provide help in employee recognition. Its use for any organization can be advantageous since recognizing and rewarding the employees has become quite a necessity.
When employees are acknowledged and honored for their hard work, it keeps them performing with the same passion in the future as well.
While a lack of appreciation not only proves to be demotivating for the employee but may also prove detrimental to any company.
This article is the ultimate guide about Bravo rewards and Bravo recognition, and it tells you everything you need to know in this regard.
What are Bravo rewards?
As the name suggests, rewards that are given to the employees using the platform of Bravo are the ‘Bravo rewards’ (part of the Bravo rewards and recognition). Furthermore, such rewards are given to appreciate employees for their achievement(s).
One feature that makes such rewards more efficient and helpful is that you can only provide them to the employees who are previously recognized for their good work.
Precisely that, following your recognition, the Bravo rewards can be given to the employees. And it makes it easier to perform employee recognition and provide rewards since it becomes easier to determine your dedicated and rather undedicated employees.
Besides making employee recognition valuable and easier, Bravo comes with many rewards, further facilitating employee acknowledgment. This makes the rewards more exciting because the employees look forward to receiving new rewards each time.
When an excitement factor is added to employee rewarding, it becomes more effective.
On the other hand, when a company has limited rewards to offer to its employees, it tends to take away the thrill as, after a period of time, the employees become familiar with the complete list of reward catalogs that the company has to offer.
Read: How Do Bravo Rewards Appreciate Your Workforce?
What is Bravo Recognition?
With the Bravo recognition, a company can acknowledge and celebrate its employees’ continuous efforts and subsequent contributions.
Additionally, you can perform employee recognition publicly using Bravo. And this makes the employee appreciation more fruitful as the employees are greatly motivated when credited at a public level.
You can simply use Bravo recognition as a recognition approach to appreciate an employee for their good work. However, with the features that come with Bravo, your recognition becomes much more effective.
And so, when a company celebrates an employee’s achievement using Bravo, we like to call such recognition the ‘Bravo recognition’!
Read: How Bravo Recognition Platform Ensures Efficiency In An Organizational Culture?
How Bravo Recognition makes employees give their best?
Since with Bravo, employees can be acknowledged before the entire organization, and their achievements can also be shared with the rest of the workforce, it helps make the appreciation rather effective.
When a worthwhile performance is shared with others, it helps elevate the esteem of every employee in front of their colleagues.
It makes the employees do better to receive further appreciation publicly when their competency is shared with others as well. The employees work to keep proving their worth to others, which ultimately benefits the company.
An organization recognizing its employees using Bravo can maximize its workforce’s presence. Consequently, it is able to achieve its both long and short-term goals.
Thus, recognizing employees using Bravo is helpful since it enables a workforce to work to their full potential, which ultimately brings the desired results for any company.
Lastly, performing employee recognition is not limited to the platform of Bravo only. You can leverage any bravo-integrated platform to perform employee recognition. And such is the help that Bravo recognition provides to its users.
Why are Bravo rewards and recognition important?
Rewards and recognition play an important role in making the employees work to their potential for the company.
Your employees are likely to keep working hard if the efforts for their first achievement are made worthwhile with a timely due credit. Importantly, it makes an employee consistently put-in efforts towards achieving the goals of the company with an in-time recognition.
Bravo rewards and recognition play an important role in employee motivation. Since it allows you to appreciate the employees in front of others, it gives a realization of an employee’s capabilities to others.Â
Thus, with the worth of an employee being shared publicly within the organization, the appreciated employee strives to keep earning such recognition in front of their peers.
Another reason that makes Bravo rewards and recognition helpful is that they can be used monetary or non-monetary. So, you can incite motivation in your employees using monetary or non-monetary rewards.
Developing a dedicated force using economic benefits is standard, but leveraging such ways that it does not incur a company any expense is unusual.
However, the Bravo rewards and recognition is one such exception that allows you to reward and recognize using the financial resources and the non-financial ones.
Workflow of Bravo rewards and recognition
The working model of Bravo that lets you perform a timely and efficient recognition:
Recognition
The working of Bravo rewards and recognition starts with recognizing the employees’ worthwhile performance and hard work. A significant aspect of this step is that every time your employees are recognized, they earn the ‘Bravo points.’
In addition, the employees’ performance can also be shared publicly within the company, making the employee appreciation more effective and employees more determined.
Acknowledging the employees for their efforts is important because being appreciated in front of the entire workforce makes an employee continue working hard for the following projects.
Recognition keeps the employee on the course of action, which brings manifold benefits to the organization.
Last but not least, with Bravo rewards and recognition, you can also perform employee recognition using third-party platforms. However, you would first require to integrate the very platform with that of Bravo.
Rewards
In this step, the employees recognized in the earlier step are given rewards for the bravo points they have earned. Thus, this is the step where employees are able to redeem their points.
Each bravo reward has a defined number of points against it. In simple words, to earn (or receive) a specific reward, a specific number of bravo points are required. So, one reward may have different points specified against it than the other.
While Bravo comes with a number of different rewards that enable you to effectively acknowledge the employees, it also comes with an ‘international rewards’ feature.
Using the international reward feature, it becomes easier for a company to reward and recognize the employees working overseas. Besides, it also empowers a company to appreciate its culturally diverse employees.
With a company being able to give due credit to the hard work of its employees equally and recognizing employees as per their cultural backgrounds, it develops a robust workforce. And such a workforce does wonders for its organization.
The international rewards feature is available for the users of Bravo in more than 25 countries.
The countries that Bravo serves include both developed and developing ones, which include but are not limited to India, the UK, Spain, the US, Bulgaria, UAE, etc.
Moreover, users from a member country can also use the local currency to reward the employees, which makes Bravo rewards and recognition more helpful.
Motivation
The next and the third step in the workflow or Bravo rewards and recognition is making the employees motivated:
Organizational Psychology and Bravo rewards and recognition
It is pertinent to mention that the work in the field of Psychology has led to some fascinating discoveries. Research from this field of science has provided substantial help to the business world.
The sub-branch of Psychology, Organizational Psychology, has especially been quite helpful in improving the workplace productivity and performance of an organization’s employees.
Another important contribution of this field of science is that it has enabled organizations to learn the utmost necessity and importance of rewarding the employees.
Employers are now starting to understand that employee motivation and their desired actions/ behaviors are connected with rewards and recognition.
Recognizing and rewarding the employees is the foundation for achieving organizational success. So, the Bravo rewards and recognition allow a company to reward its employees immediately after their good work, which increases the likelihood of the rewarded behavior being repeated in the future.
Bravo rewards and recognition and Employee motivation
This step lets employees earn Bravo points for their worthwhile performance or for achieving a task. Also, employees become motivated when their contribution gets its due praise in time. Thus, again, this makes them repeat the very action that led them to earn recognition.
With the employees not getting praise for their efforts and hard work, they are unlikely to work with motivation.
Simply put, a desired action or behavior is not repeated unless not motivated to do so, which this step helps achieve. However, importantly, the very first achievement from an employee also does not come easy, which takes us to the first step of this workflow, employee recognition.
While the first step helps an employee in their first achievement, this step paves the way for future performances and, thus, continuous contributions from an employee toward the company follows.Â
Lastly and relevantly, this step enables you to motivate your employees in their every task through monetary and non-monetary motivation.
Read: A Comprehensive Guide To Employee Motivation
Results
This is the last step contained in the Bravo rewards and recognition workflow.
At this stage, all the efforts that a company has been making through Bravo rewards and employee recognition pay off.
With the employees inspired to keep up their good work by means of recognition and rewards, the results are finally achieved in the form of maximum employee engagement, productivity, performance, etc.
In order to complete the work cycle, the results, which can be anything that takes a company close to achieving its goals, are to be shared with the entire organization.
Doing so takes us to the very first stage, that is, recognition. From there on, the workflow is followed again, thus completing and repeating the work cycle of Bravo.
Examples of Bravo rewards and recognition
As the working of Bravo rewards and recognition has been explained earlier, we now look at some of the real-life examples of bravo rewards following the bravo recognition:
Monthly Stipends
One of the bravo rewards that make employee recognition more meaningful and effective is the ‘Monthly stipends’ that are given to dedicated and hard-working employees. Using this feature, you can acknowledge the contribution of your worthy employee.
Benefits of Monthly Stipends
By providing a fixed amount of money in addition to the salary, employees can be helped financially and can also be made relatively financially secure.
This reward may also help an employee to an extent in overcoming any of their financial constraints.
As a result, the company earns not only the respect but also the loyalty of its employees; respect because of the empathy shown by the employer and loyalty since the employees are being helped.
So, a dedicated employee is also made to become loyal. And it goes without saying the wonders that loyal employees can do for their company.
We can, thus, conclude that not only Bravo rewards and recognition are helpful for boosting employee performance and motivation, but it also empowers a company to develop a dedicated workforce.
Employee referral bonuses
In addition to performing employee recognition using Bravo, a company can also make use of Bravo rewards when an employee refers a suitable candidate to the company for work.
Essentially, every time an employee helps fill an available position, they earn a bonus, precisely the employee referral bonus.
Benefits of Employee referral bonus
Providing the employees with referral bonuses comes with multiple benefits for a company:
One of the advantages a company has in this regard is that with such a program in place, it can have an exhaustive list of candidates to fill a position.
When an existing employee refers to the prospective employee, the latter learns the company culture from the former.
In this way, your potential new hire will always have a picture of what it is like to work at your organization, which comes in handy in the onboarding process. And it is especially helpful in remote employee onboarding.
Another advantage that an employee referral program brings is the empowerment and inclusiveness that it helps give the employees.
Since the employees help fill a job role, it includes them in the organizational affairs of the company, which makes them feel more belong and included. It also gives them a sense of empowerment when referring someone to work in the company.
Inclusiveness and empowerment go a long way in keeping the employees retained and making them give their best for the company.
Bravo rewards for special events
No doubt, the help of bravo rewards and recognition is excellent when it comes to appreciating the hard-working employees and those who help recruit worthy candidates for a job role.
However, you can also leverage Bravo to celebrate the special events of your employees.
The special events that bravo rewards help you celebrate can be both private and professional.
The events that may be special to an employee at a personal level can include the employee’s birthdays, marriage anniversaries, etc.
The professional event that can be special to an employee can be a work anniversary.
Besides celebrating the special days of employees on both professional and private fronts, employees can also be rewarded on special public events such as Christmas, New Year, etc.
An important aspect of this bravo reward that helps make it more helpful and your recognition more constructive is its automation.
So, with it, you are not required to remember any of your employees’ events since Bravo rewards and recognition takes care of rewarding and recognizing your employees themselves automatically.
To conclude, with Bravo, you cannot only successfully reward and acknowledge your employees, but you can also be carefree when performing recognition on the right date and time.
Conclusion
Bravo is a multi-featured employee recognition platform. Bravo rewards and recognition is a great utility from Bravo to perform employee acknowledgment and reward employees for their notable contributions and achievements.
While it provides a great value when it comes to making employees more productive and, thus, perform better, it also helps develop a rather dedicated and loyal workforce. And it does so by allowing a company to credit its hard-working employees, including the culturally diverse ones and those working abroad.
In conclusion, bravo rewards and recognition help you perform rather better and effective employee recognition. You can learn more about Bravo rewards and recognition by booking a free demo for Bravo.
