Building work culture and environment based on effective employee recognition programs can deeply impact the various levers of business growth and productivity. It contributes towards cultivating a positive work environment, continuous employee development, employee engagement, and stronger retention. These factors play an important role in defining the growth trajectory of an organization besides helping it to forge ahead of its competitors.
The G.I.V.E. model of employee rewards and recognition aims to maximize the benefits of employee recognition for organizations; and help them create a positive work culture where talent can be nurtured through a deeply ingrained sense of collaboration, teamwork, and availability of equal opportunities.
The implementation of an effective employee recognition program can drive cultural change in an organization over time. Such cultural changes can provide long-term benefits for an organization and fuel business growth.
Building a strong culture of appreciation assures individual employees that they are not only seen and heard but also valued by their employers and peers. This enhances their sense of self-worth and makes them an active contributor in the process of growth and success of the business.
Organizations need to develop effective strategies to convert their core values into tangible employee behaviour rather than them just being office punchlines. Only then this behaviour will drive the work culture and the business results desired by the organization.