In today’s high performing and diverse workforce, employees seek and want to get recognized by their peers at their workplace.
A peer recognition program opens up a great opportunity to create a company culture of increased communication. All in all, it helps a company to place value on every person’s opinion.
According to Globoforce, 41% of companies that use peer-to-peer recognition have seen positive increases in customer satisfaction.
A successful peer recognition program can help you see a:
Implementing peer to peer recognition in your organization
Here is how you can simplify peer recognition to work for your organization instead of the other way round:
1. Firstly, to run a successful peer recognition program, you need to choose the right platform. A platform serves as an essential base where the employees can get access to their own company network. This helps to notify other employees when one of their peers gets rewarded or recognized. Furthermore, other peers can engage by further congratulating and recognizing the recipient.
2. Have a company-wide solution that is more than just an HR initiative. When recognition is seen as a work culture norm, and not just another corporate feel good, you get more support from and more impact from your investment which allows you to construct a pleasant employee experience.
3. Give everyone the opportunity to give and receive recognition. Ensure that every employee is aware of your peer-to-peer recognition program and that each employee is welcome to use it to give recognition to their peers
4. Make sure your peer-to-peer recognition program is easy to use and has both mobile and offline capabilities. Make it easier for employees to recognize on the go. 24/7. Additionally, account for your remote workers too and make sure that they have the tools and access required to be recognized too.
5. Publicize recognition. Whether it’s a social media post or a “wall of fame” feature on your recognition program, highlighting achievements on monitors throughout the office and calling out successes, let others in your organization see the stellar performance that the employees are putting up.
6. Allow peers to participate in employee achievements. Whether you are congratulating a major accomplishment or celebrating a work anniversary, invite peers to gather, comment, and be part of the presentation. In best in class companies, employees take the initiative to put together and plan a peer’s recognition moment
7. Leaders should continuously remind their workforce about the significance of recognizing great work. Try to keep it fresh and as a top priority. Remind employees to recognize their peers frequently. Set the example for your employees for what to recognize and how to show appreciation.
8. An added advantage is the sense of competitiveness among team members. Seeing good work recognized by peers will encourage employees to elevate their level of work.
9. Give continuous feedback to team leaders, based on data, so that they can take corrective measures in recognizing employees better. Also, share the best practices that’ll make recognizing more impactful and benefit the team in the long run.
Everyone wants to be appreciated,
so if you appreciate someone, don’t keep it a secret.
At a time when most employees are working remotely, a digital employee rewards program can help employees feel rewarded & your R&R program smoother & easier
Employee recognition has been a long-overlooked element of what makes for a successful workplace, but more companies are waking up to its importance, especially due to the COVID-19 pandemic. A thoughtful and effective recognition program is planned well in advance with strategies that come into effect well before your program launches.
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A business with a 60% customer retention rate is losing 3-4 times as many customers a business with 80% retention rates. Besides, increasing customer retention by just 5% boosts profits by 25 to 95%, according to the advisory firm Bain & Co.
Accentiv’ India delivers end-to-end solutions from loyalty program development & implementation to loyalty rewards management & last-mile rewards fulfilment.