Why timely Employee Recognition is as important as the program itself?
Today organizations have become well aware of the fact that a higher level of employee engagement is essential for enhancing productivity, innovation, and business growth. They also understand the significance of timely employee rewards and recognition for enhancing engagement.
Employee recognition can help companies get amazing results not only in specific work areas but across the entire organization. In fact, industry experts are of the opinion that recognition is the most important tool that can be leveraged by managers to drive engagement and performance.
This is because recognizing the efforts and achievements of employees is known to enhance their overall satisfaction levels of working with the organization. It also makes them feel valued and makes them feel inclusive in organizational growth.
Most importantly, employee recognition helps in opening up avenues of communication between the employees and the management, which further improves engagement and performance.
What are the different forms of recognition?
Employee recognition programs and strategies vary from one organization to another and are based on the unique needs of a company as well as individual employee preferences.
Some easy ways in which organizations can recognize their employees are given below:
1. Written Praise
Short hand-written notes of appreciation or even emails appreciating the efforts and contribution of employees are common methods of employee recognition.
These notes and emails act as tangible proof of the achievements of an employee and bring a personal touch to the whole concept of employee appreciation. Most importantly, they offer great flexibility in terms of appreciation shown to an employee.
2. Verbal Praise
Another common type of employee recognition is verbal praise, which is also the oldest method of employee appreciation. Verbal praise is almost always informal in nature and can be offered by the supervisors of the employees, their peers and even the members of top management in an ad-hoc manner.
However, this does not diminish its value in any manner and proves equally effective in improving employee motivation and engagement levels.
3. Recognition across Corporate Social Media
Acknowledging and appreciating the efforts and achievements of employees on various social media platforms has been gaining much popularity. With most employees having an active social media presence, such recognition can go a long way in enhancing their motivation levels besides improving their overall engagement with the organization.
Most importantly, being recognized on such platforms fills the employees with a sense of pride and makes them feel more committed towards their organization.
Read Social Recognition is Essential for Employee Recognition Systems
What is the significance of timely employee recognition?
There is no denying the fact that organizations are becoming increasingly aware of the importance of employee recognition. This awareness has enabled them to take the necessary steps towards developing and implementing an effective recognition system.
However, they still tend to overlook the significance of its most critical aspect, namely timely recognition. In fact, appreciating the efforts and achievements of employees in a timely manner is the key to establishing a self-motivated organization culture based on a successful, impactful and meaningful recognition program.
The significance of timely recognition can be understood from the below-given reasons:
1. Closely link recognition to the action or event being recognized
Organizations often delay recognizing the desirable actions or behaviors of their employees until an end-of-year event or quarterly team/ department meetings. This often makes the whole exercise ineffective as most employees do not feel appreciated the same way if it were to be done immediately after the achievement.
By recognizing the achievements in time, organizations can encourage the entire workforce to perform the actions that have helped their colleagues to earn the appreciation of their peers and superiors.
2. Encourages recipients to repeat behaviors
Failure to recognize employee efforts in time results in diminishing the impact for recipients and other employees. This is especially true for entry-level employees, who might still be struggling to establish themselves in the organization.
This is a loss of opportunity to encourage similar behavior; it might even cause them to become demotivated.
According to Bamboo HR, 75% of employees receiving recognition at least once a month are satisfied with their job.
Gallup, the renowned analytic and advisory company recommends that organizations should recognize an employee every seven days.
Another study shows that 58% of HR professionals recommend that business leaders should recognize and praise their employees more often to help drive engagement.
Employee recognition needs to be timely and in the right way to get the desired results in terms of improved performance and higher engagement levels, which is why organizations need to adopt a policy of more effective and spontaneous recognition.
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