Forward-thinking organizations understand the benefits of employee recognition, but may not know how to get started. By developing strategies that enable managers and employees to provide real-time, multidirectional recognition, HR teams can create a company-wide culture embraces and celebrates work that is reflective of the company’s mission, vision and values.
The Benefits of Employee Recognition for Your Organization
The benefits of employee recognition for the workforce are obvious. In addition to helping employees feel acknowledged, a robust digital and social recognition program can provide a much-needed boost to workers’ self-esteem and sense of purpose.
But there are also several benefits of employee recognition for the organization – outcomes that directly impact the company’s success:
- Better Performance – Recognition is an important driver of improved performance in the workplace. Employees consistently report that they are more motivated to invest energy and effort in their work when their contributions are acknowledged by managers and peers.
- Improved Morale – When employees’ feel like their efforts are appreciated, they have a better outlook about their work and the organization in general. In fact, 86 percent of organizations with values-based recognition programs report an increase in overall employee happiness. Individual employees’ positive attitude often inspires others and helps improve the morale of the entire workplace.
- Better Employee Retention – Employees value recognition and in many cases, more so than financial incentives. Since employees are less likely to leave a job where they feel valued, a carefully structured recognition program can significantly reduce employee turnover by improving your ability to retain top talent.
How to Tap Into the Benefits of Employee Recognition
Successful recognition strategies involve several elements, including a multidirectional approach. In today’s workplace, it’s simply not enough for employees to be recognized occasionally by their managers – real-time, peer-driven recognition helps create an organizational culture that acknowledges good work and the efforts of employees who contribute to the company’s mission and values.
Also, it’s important for recognition to be public. Noting a job well done in private conversation is useful, but it doesn’t maximize the benefits of employee recognition to the organization. Instead, managers should amplify the recognition employees receive through company-wide communication channels.
Finally, avoid limiting recognition to individuals. By encouraging managers and peers to recognize the accomplishments of specific teams or business units as well as individual employees, you can help create an environment that values exceptional work and promotes its repetition across the organization.
Ready to Access the Benefits of Employee Recognition in Your Organization?
At HighGround, we understand how important the benefits of employee recognition are to your business. Our employee engagement and recognition platform is a best-in-class technology that makes it easy to translate real-time, multidirectional recognition into organization-wide improvement.
Our digital and social recognition tools increase the visibility of employees’ achievements and make it easy to integrate recognition data into employee check-ins so that managers have greater insight into the employee’s contribution to the organization.
Start improving employee engagement with a revamped recognition and rewards program today. Fill out the form to the right to download our recognition and rewards whitepaper.