The tremendous changes due to the pandemic would require redefining the role of the HR Business Partner in the post-COVID world to drive higher levels of employee satisfaction and faster business growth/ recovery.
There are a number of key reasons for customizing an employee recognition program to meet the needs of the organization and its workforce.
Understanding how recognition motivates employees can help organizations develop effective employee rewards and recognition programs
Informal or fun awards can be an excellent and inexpensive way to drive greater employee engagement and create a positive, informal, and friendly atmosphere at work.
Understanding the key employee rewards and recognition trends in 2021 and beyond can help organizations put in place the right policies, processes, and systems to develop a highly motivated and committed workforce going forward.
Organizations need to clearly understand the importance of employee recognition for their business success.
They need to develop effective programs that are aligned with their business objectives and the needs of their workforce.
In 2020, the winner of the Best Employee Recognition Program Award by HiFives was Prodapt Solutions (www.prodapt.com), a multi-national telecom/ DSP software company. Prodapt runs a global employee rewards and recognition program for over 2,300 of its employees across 13 countries in 5 continents.
The key trends in HR in 2021 will be driven largely by the happenings in 2020.
These have accelerated the long-term changes in HR that were already underway for the last several years.
Organizations that are able to understand and leverage these changes quickly can gain a significant competitive advantage over their industry peers and demonstrate higher business growth.
Organizations can need to take implement these measures to make employees feel valued. They can build a highly engaged, self-motivated, and completely dedicated workforce to drive business growth and profitability.
All said and done, recognition plays an integral part in employee engagement no matter how it is executed.
At the end of the day, employees feeling happy is what matters most whether is a pat on the back, a trophy, a shopping voucher or a trip to the Bahamas!