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Employee reward and recognition software

Reinforce recognition value through virtual Social Wall of Fame

Virtual Wall of Fame increase the value of social recognition through auto publishing rewards and recipients. PossibleWorks allows colleagues to contribute to the live recognition feeds and build success stories from each achievement. Social participation is encouraged through real-time comment / like option. We also provide options to integrate our reward and recognition software program with existing Enterprise Social Networks such as [email protected], yammer, slack.

Enable Peer-to-peer Recognition

Peer to peer Recognition facilitate employees to appreciate instances of positive contribution/ behavior, demonstration of organizational values, desired behaviours. Possible works Peer to Peer Recognition software enables employee appreciation through badges aligned to org values, behaviours, competences.You can introduce gamification by creating progressions leading to specific titles like Value Champion, Trailblazers, True Citizen or entry into specific clubs etc

Automate Nominations based on approvals

Manager driven approval-based Nomination Programs for individuals/teams with multi-layer approval workflow are common in organizations. PossibleWorks virtual employee recognition software allows to automate the whole process and make it social.

Don’t miss Milestone Awards

Automate and make your employees feel special on their personal & service milestones. PossibleWorks creates celebration feeds on the employee social space and allows peers to participate, making the occasion more special.

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Best Peer to Peer Recognition Software Program

Build your Employee Engagement Journey

Today’s employees want to belong to an organization that cares for their development. It is critical to understand employee engagement level and intervene, as needed, to improve it. PossibleWorks employee recognition software program provides organizations with easy to use, targeted employee engagement surveys that help learn the pain points and possible interventions to improve the employee experience.

Measure instant pulse

Instant pulse polls allow to identify employee’s mood, daily. It also allows to quickly gauge interest/obtain feedback on specific issues. PossibleWorks provides flexibility to configure and run daily mood meters that will help you identify trends across workforce, and develop an organizational engagement map.

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Build your workplace culture through a robust rewards and recognition program

FAQ About Employee Reward and Recognition

1What are Amazing Statistics on Employee Rewards & Recognition?

As per a Watson Wyatt Study of 3 million employees, as quoted in Forbes magazine. “Companies that utilized an effective employee recognition program enjoyed a 109% three-year median return to shareholders vs. a 52% return for those companies that did not.”

According to Gallup, 65 percent of surveyed employees reported that they received no recognition over the last 12 months for their work. In the same report, 89 percent of employers feel that most employees leave their companies to earn more money. But, most workers who leave their jobs cite lack of employee recognition as a major concern.

2List of top Effective Ideas for Employee Rewards and Recognition Program?
    Rewards and Recognition Ideas

    There are many small and simple ways to show your employees that the organisation recognizes them and cares for them.

  • Birthday celebrations
  • Sending birthday wishes though emails/recognition platform is hygiene and will not do the trick. Companies need to go the extra mile to make an employee feel special on their day. Give floating offs, send cake/pastries/cookies, arrange for a team party or get flowers delivered to their residence. Recognition can also be extended to special days like wedding anniversaries, job anniversaries, etc.

  • Peer-to-Peer Appreciation
  • Promote healthy peer relationships at work by allowing space for appreciation from peers. Peer to peer endorsements facilitate employees to appreciate instances of positive contribution/ behaviour, demonstration of organizational values, and desired behaviours. PossibleWorks enables peer to peer appreciation through badges aligned to org values, behaviours, competences. You can introduce gamification by creating progressions leading to specific titles like Value Champion, Trailblazers, True Citizen, or sponsor entry into specific clubs, etc. This can be done by conducting surveys and appreciating the employee with maximum votes.

  • Monthly newsletters with employee success stories
  • Employee success stories can be added to the company’s monthly newsletters. Companies can also create a newsletter targeted to internal stakeholders of the company which only publishes these success stories.

  • Give a Shout-Out
  • HR team or managers should make congratulatory announcements for the top performers. The announcement can be made in the employees’ bay where they sit to boost their morale amongst peers. This has an element of surprise and leaves the employees/team happy and grateful towards the organization.

  • Family Invites
  • Invite employees’ families for the annual R&R, ensure that the top performer’s family is present to celebrate the occasion.

  • The performer’s HAT
  • A HAT/Badge/wrist band can be given to the top performer to wear through the day. The achiever gets a proud moment and other employees will want to don the Hat in the upcoming month.

  • Introduce employees to the Top Brass
  • Introduce the top performer to the Top Brass of the company. Arrange for a session with the CEO, president, or a board member where they can discuss current performance, what motivates the employee and the employee’s growth path.

  • Sticky Note
  • A handwritten note of appreciation always boosts employee morale. The impact of a handwritten “Thank You” is unparalleled. So, make sure you don’t miss out appreciating your deserving employees using written notes.

  • Digital Recognition
  • Technology helps you recognize your employees beyond in-house recognition. Allow your customers (internal and extremal) to know about your employees’ achievements by using technology in creative ways:

  • Create a Virtual Wall of Fame
  • Virtual Wall of Fame increases the value of social recognition through auto-publishing rewards and recipients. PossibleWorks allows colleagues to contribute to the live recognition feeds and build success stories from each achievement. Social participation is encouraged through real-time comments / like options. We also provide options to integrate with existing Enterprise Social Networks such as [email protected], yammer, slack.

  • Short Film/Employee interview
  • Create a short film on an employee’s achievement, as most people love to see themselves on screen. It can be a small interview with the employee and can run on screens in office and also be published on company’s employee portal or distributed through email within the company.

  • Add top performers to the Company’s Website
  • Usual practice is to have the leadership teams on website. A section can be added on the website that appreciates top performers and showcases their achievement. To be seen by external customers/website visitors and being placed amongst the leadership team can act as a powerful motivator.

  • Employee-Rewards-Program
  • Employee rewards unlike recognition, have a monetary value attached to them. Rewards programs need to be crafted carefully by HR teams to ensure that the employees are motivated. At the same time, it does not affect a company’s bottom line. One thing to consider when designing a reward program is what the performer is being rewarded for, like an employee/team negotiating and cracking a big contract or onboarding a new client for the company needs to be rewarded highly compared to an employee/team with 100% attendance.

    Here is a list of rewards programs aimed at individual and team performances:
  • Tailor-made rewards
  • Many organizations use standard rewards to appreciate employees. To ensure higher motivation, rewards should be tailor-made and of interest to the specific employee. The HR team needs to keep account of each employee hobby in their CRM and reward a performer accordingly. Example gifting a football shoes to a football enthusiast or gifting a camera holder to a vlogger.

  • Monetary Incentives
  • Monetary incentives have been proven to boost employee engagement: One study by the Incentive Research Foundation found that when an incentive program is built correctly, it can increase performance by up to 44%. If an employee has contributed to adding to organization’s revenue or saves expenditure, a portion of the benefit should be distributed amongst performers. Incentive programs need to designed in a way that employee feels motivated to achieve more and drive organization goals.

  • Creative Rewards
  • Rewards should be creative so that they have lasting impressions on performers and keeps them motivated to achieve more. Some examples of a creative reward are employee caricature showcasing their mood and the achievement, an upgrade of their office chair, primo office parking for the month.

  • Learning and development Rewards
  • Sending employees for seminars, conferences, leadership programs, career development programs, allow employees to select an online course adds to their learning and development and acts as a great motivator. This motivates employees to take up bigger role within the organization.

  • Staycation rewards
  • Staycation is a period in which an individual or family stays home and participates in leisure activities within day trip distance of their home and does not necessarily require overnight accommodation. A quality sponsored day trip acts as powerful motivator for employees.

  • Tickets for Events
  • Gift employees’ ticket to events of their choice, let them choose between sports, movies, plays, music events or seminars.

  • Organize Lunch for Top Performers
  • Lunch parties are a great way for team bonding as well appreciating employees that performed well. You can also order snack from their favourite restaurant and get it delivered at the employee’s desk with a small note of appreciation.

  • Personalized gifts
  • Rewards should be personal and long lasting. Some personalized gifts can be iPad/mobile covers with name engraved, coffee mugs with message, pen stands, photo frames with message, posters to put on desk.

  • Gift Cards
  • There are many companies offering corporate gifting cards, employees can encash these on ecommerce and even brick and mortar stores to buy things as per their current requirements.

    Gone are those days when Rewards and Recognition was considered a nice to have component of an organisations HR strategy and should be a part of the company’s culture. Today it has emerged as a critical tool for enabling global organizations to enhance engagement, increase motivation, improve performance, and drive organizational culture.

    Now that you are looking at building a robust Reward & Recognition system, we recommend that you read the following to avoid common pitfalls while designing the R&R program and benefits of leveraging technology to drive the program.

3What does peer to peer recognition really mean?
Peer-to-peer recognition involves appreciation and recognition from coworkers. Instead of only the management recognizing employee efforts, coworkers can identify and appreciate good work or desired excellent behavior within the organization.
4What are the benefits of Peer to peer recognition Program?

All employee recognition ideas are beneficial to both the employees and the management. Here is a list of benefits that peer-to-peer recognition offers.

  • It avoids oversight – Sometimes, the management is placed so high in the hierarchy that they miss the performance of a few worthy employees down the line. Peer recognition can recognize such opportunities, motivate the employee and bring them to the management’s attention.
  • It improves productivity and team efforts – Working in a team where people endorse and appreciate one another is a motivating experience. As a result, employees are constantly encouraged to work better and get more productive.
  • It improves overall employee experience – How happy and how recognized an employee is at the workplace determines the overall employee experience. Creating a culture of peer recognition by establishing such employee recognition programs makes your organization a happy and satisfying place to work in.
5How to creating effective employee recognition System?

Here are a few things to note when it comes to creating effective employee recognition System.

  • Unify your recognition processes onto a single platform.
  • Recognition needs to be timely.
  • Over recognition and under recognizing can both turn out to be problematic in the long run.
  • Show your employees that you take peer recognition seriously by including it as an input during appraisal discussions.
  • Encourage employees to send out specific recognition. Terms like ‘good worker’ or ‘helpful’ may not be enough.
  • Make sure your peer recognition tool is visible to everyone within the organization.
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