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Hiring and retaining the right employees is one of the most prominent challenges organizations face. The right employee appreciation and recognition programs can help improve workplace retention rates and employee experience.
Employee appreciation and recognition is the act of recognizing the right behavior and skills at the workplace and appreciating and endorsing it.
Psychologically, people want and expect appreciation. When you appreciate someone genuinely, you acknowledge their value, which makes them feel positive and happy. There are different ways organizations can plan their employee recognition programs to make the employees feel valued.
Unlike what some may assume, all these programs don’t have to make a dent in the organizational budget. There are many inexpensive and effortless ways to build a culture of appreciation and recognition that can make a tremendous difference in employee productivity and engagement.
These programs, when done right, have the below benefits.
There are a lot of myths surrounding employee recognition. Check our experts bust these for you here.
Now that the importance of employee appreciation and recognition programs is evident, you need to know how to get the strategy right. Here are some fantastic tips for creating recognition and appreciation programs that actually work.
You can have specific days and events where the worthy employees are recognized on a common platform. Do this periodically, so the employees know their efforts are being monitored and acknowledged.
While there are a lot of non-monetary ways to recognize your employee, financial and positional benefits definitely are essential too. Create budgets for offering bonuses, raises, and promotions to employees who are worth it.
Employee recognition tools can streamline the appreciation process and help build intelligent platforms. Virtual recognition walls are great examples to consider investing in.
These give a common platform for managers and peers to recognize and appreciate other employees. If you want rewards and recognition programs to make a better impact, then you need to invest in such tools.
Encourage your employees to endorse and appreciate one another. Again, peer recognition tools and platforms can help achieve this. When employees appreciate one another, the value addition is extremely high. This is a long-standing culture that can uplift the entire morale of the organization with time.
Appreciation and recognition matter more when they are done openly. You can start a culture of sending shout-outs to all employees, including recognition messages on company magazines and websites and celebrating work anniversaries as a group. All these helps improve employee morale.
Looking for smart employee recognition ideas? Check PossibleWorks’ latest blog out.
Almost all top leaders in various industries have spoken loudly about the importance of employee appreciation and recognition. Here are some quotes you should know of.
Finally, you should also know this very popular quote by Stephen R. Covey in his book ‘The 7 Habits of Highly Effective People.’ “Next to physical survival, the greatest need of a human being is psychological survival, to be understood, to be affirmed, to be validated, to be appreciated.”
Can anyone say anything about recognition and appreciation better than this?
Employee recognition programs are not optional anymore. If your organization has not been giving due importance to appreciation and recognition, it means you have been missing out on a critical growth factor.
Start by analyzing your current R&R strategy and conduct an internal survey to see how effective these have been. If you think you will need professional help in creating R&R tools, then PossibleWorks can help. We have tweaked and transformed top organizations’ rewards and recognition programs and bought out the best in their employees.
Contact us to know more about how we can help.
We all want to feel valued, inspired, and appreciated by the people around us. The only way to ensure this happens is through genuine appreciation and recognition. You can share with your employees these quotes to show them you care.