In a world where participation trophies, entitlement, and routine rewards for average effort abound, it’s becoming more evident that we’re evolving into a culture in which people expect to be rewarded for just about anything. More and more, these attitudes continue to, and at times unexpectedly, surface, and the workplace is no exception, makes the jobs of an HR and business managers tasked with employee retention a difficult one.
In the competitive job market where top tier talent comes with a high premium, we say, give the people what they want, through the proper integration of an employee recognition program.
What Is Meant By Employee Recognition?
Employee recognition is defined as the acknowledgment of an individual or team’s behavior, effort, and accomplishments that support the organization’s goals and values. Recognition is not one-size-fits-all. It’s important to note that thought needs to go into what would be appreciated by the person or group being recognized.
Why Employee Recognition?
These days the impact of employee recognition goes far beyond just a nice thing to do for people. Effective employee recognition should be used as a communication tool that positively reinforces and rewards the most pertinent outcomes that team members create for your business.
According to forbes.com contributor, Meghan Biro, “People crave positive feedback, recognition they put in extra effort, acknowledgment of leaders and peers, the glow that comes with knowing an achievement has been seen, appreciated and celebrated.”
No matter your business, people matter – this includes your employees. The majority of employees want to be seen and valued effective contributors. This reinforces a positive self- image, which directly correlates to self-worth. No matter how small it may seem to you, your positive recognition translates into meaningful and supportive company culture for your employees.
“When you recognize people effectively, you reinforce, with your chosen means of recognition, the actions and behaviors you most want to see people repeat. Your recognition reinforces the employee’s understanding of how you would like to see him or her contributing in the workplace,” says Susan M. Heathfield, of the balance.com.
Employee Recognition Benefits
Employee recognition is equally powerful for both the organization and the employee. When employees view the recognition you offer as motivating and rewarding this improves retention, drives engagement, and promotes company culture, ultimately turning your employees into ambassadors of your brand, which is vital to the overall success of your organization.
According to the 2015 Employee Recognition Report by the Society for Human Resource Management and Globoforce, values-based employee recognition significantly contributes to bottom-line organizational metrics and helps create a stronger culture and more human workplace.
823 HR professionals who took part in the survey reported the following about their employee recognition program:
•90 percent say it positively impacted engagement.
•86 percent say it increased employee happiness.
•84 percent say it improved employee relationships.
•68 percent say it positively impacted retention.
Ready to take the next step and implement an employee recognition program strategy, but don’t know where to start? We can help with that.