Recognition motivates employees to go that extra mile to contribute to the success of the organization. All employees have the innate desire to be recognized and appreciated for their hard work. It may be as simple as a “thank you” or a regular structured program of recognition like the “star of the month” or the “star of the year” for achieving certain goals. Unfortunately, many employers fail to understand the magic of employee recognition. It impacts the turnover as employees who feel less appreciated, loses morale and motivation to work, and leaves the organization.
Keeping employees productively engaged by keeping their morale at an all-time high will reflect on the good health of the business. Lack of engagement will impact the brand image negatively as employees will tend to perform less than desirable levels which may directly impact client relationships. Driving employee engagement programs thus becomes a prerogative for any organization.
In fact, monetary compensation doesn’t boost so much morale as an open and transparent recognition program does. Rather than depending on the management to organize awards night, bringing talent to the front and appreciating them, employees themselves can be the torch bearers in this process. Peer to peer recognition brings an altogether different value to the person who is being recognized as to the person who is recognizing the other. It’s a two way process which creates trust, transparency and a partnership amongst team members who values each other’s work. It’s creates a positive environment fostering collaboration and teamwork. Helps in increasing retention and employee engagement levels.
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