“What really matters in the workplace is helping employees feel appreciated.”
Employee recognition is the timely, informal or formal acknowledgment of a person’s or team’s behavior, effort or business result that supports the organization’s goals and values, and which has clearly been beyond normal expectations.
Appreciation is a fundamental human need. Employees respond to appreciation expressed through recognition for their good work. When employees and their work are valued, their satisfaction and productivity rise, and they are motivated to maintain or improve their good work.
When a manager or the company decides to appreciate a person it goes into formal recognition which will not happen on time. But peer recognizing the other peer effort is day to day and keep the community motivated. So in this article, we will delve on peer recognition and its benefits.
What is Peer Recognition?
“People may take a job for more money, but they often leave it for more recognition.”
Peer to peer employee recognition is exactly at it sounds; employees recognizing each other for their great work. This, in turn, increases employee engagement, reduces employee turnover and increases customer retention and satisfaction.
Peer employee recognition differs from manager to employee recognition, because it is typically someone the employee works alongside, who has more frequent interpersonal contact, than their manager.
It can be as simple as saying ‘thank you’ in a team meeting or during a break, to a more formal approach, such as a weekly or monthly stand up meeting, or survey and recognition software, specifically built for the purpose.
Benefits of Peer Employee Recognition
Organizations with the most sophisticated recognition practices are 12 times more likely to have strong business outcomes.
· Peer employee recognition encourages a more collaborative approach to work with a sense of team spirit
· Encourages employee happiness leading to wellbeing
· Peer recognition motivates employees to do great work
· Improved employee engagement
· Peer employee recognition increases positive company culture
· Can be a powerful employee relations tool
To encourage employee recognition, an organization should formulate programs and provide with the latest tools to the employees. The tools include Mobile Apps, rewards website or providing gifts for employees.
As you’ve seen in the article above, peer to peer employee recognition is a very powerful way to improve productivity, improve morale, increase happiness and engage your employees more effectively.
We at Mongrov has built a peer recognition app to provide badges and points. This feature allows team members to sent badges as recognition to their peers for their continuous effort in the work and for helping others in the workplace.
