Employee recognition is the timely, informal, or official acknowledgment of an individual or team’s attitude, effort, or business outcome that promotes the organization’s aims and values and goes above and beyond usual expectations.
To be truly productive in your career, you must:
- Grasp the psychology of recognizing people for their efforts
- Implement employee recognition concepts yourself
- And encourage others to do the same in their working relationships
Employee recognition is intended to make employees feel valued and appreciated.
It provides extrinsic incentive — which is highly motivating to some and less motivating to others.
It also signals the employee and the rest of the company about what sort of conduct is required and valued.
When it comes to employee appreciation, getting it wrong might leave your staff feeling unpleasant.
Employees’Employees’ feelings of appreciation have decreased by 37% as a result of stale, unconnected recognition programs and outmoded recognition technologies.
It is a pretty common assumption that only bosses are entitled to extend recognition and appreciation.
However, contrary to the above statement, appreciation does not always have to come from a senior.
While bosses generally provide official acknowledgment, anybody inside a company may offer valuable formal or informal appreciation.
Creating a culture of employee recognition allows everyone in your business to celebrate excellent work and feel valued for what they accomplish.
Peer-to-peer recognition may go a long way toward making employees feel valued for their efforts.
Most importantly, we are in the middle of a global health crisis unequaled in history (COVID 19), and rewarding and recognizing employees during this time of upheaval is more crucial than ever.
Let’s look at these examples that show how you can improve employee retention by revitalizing your employee reward and recognition system.
A Meal With The Boss
Allow your staff to select the venue for lunch. Try to keep work-related talks to a minimum. Take this opportunity to learn more about your employees’ interests and hobbies outside of work.
Departments should be recognized on a rotational basis.
Every month, a designated bulletin board promotes their contributions to the organization, individual workers, their best accomplishments, and so on.
Invite an employee into your office to express your gratitude. It’sIt’s most effective if you only say thank you for one item and nothing else.
Don’tDon’t bring up other difficulties; instead, focus on the excellent work.
Celebrate Birthdays & Work Anniversaries
Make your staff feel special on their special day. Host a team lunch, host a modest celebration, and distribute cupcakes – there are numerous easy ways to show them you care.
However, during these COVID stricken days, all these recognition ideas can be executed remotely as well.
As a manager, you could arrange all these meetings and praises virtually using various remote communication and engagement tools like BRAVO!
Read More: How Can Businesses Benefit From BRAVO?
Why is Employee Recognition important?
A proper employee recognition program can do wonders for your company’s human resources. Here are some key benefits it can provide you;
1. Increased level of productivity
When you recognize your employees for their positive contribution towards achieving organizational goals, they feel empowered and motivated to work the extra mile. Thus, enhancing the organizational profits and repute as a whole.
2. Increased level of loyalty
When the seniors in the organization admire the work of their employees, sit with them and value their contributions towards the organization, the employees feel worthy enough and tend to stay for a longer time with the organization.
3. Less absenteeism from work
A healthy work environment where employees get credited for their work never faces the issue of excessive absenteeism. When the employees are positively rewarded for their work and are made to realize that their work is important for the company, they become more responsible. They develop a sense of devotion in their behavior and they like to come to work every day.
4. Increased attention of potential clients
It’s actually a chain reaction, when you recognize your employees – they work more efficiently than ever before which results in better productivity. Better productivity means that the client needs are met properly, which in turn attracts more potential clients and let the organization earn more profits.
In conclusion, it should be pretty evident by now that employee recognition is already ruling the corporate world. Only those organizations attract skilled workers, who treasure and acknowledge the contributions of their people.
Nonetheless, if we were to sum up our whole discussion into one sentence, that would be; “A happy employee reciprocates a happy customer”.