Some say there are enough challenges facing SMEs without suggesting they also have to incorporate employee recognition. However, it is becoming clearer that recognising staff for the work they do helps to build a company’s culture. This is particularly true when a recognition programme encourages staff to repeat desired behaviours, which support company values and goals.
Why is recognition important for SMB/SMEs?
Recognition is important because SMBs are BUSY: busy scaling their business; busy making new sales; busy finding new staff etc. During this time a company’s culture is forming and it is important that the culture supports its goals and objectives. Why?
Because recognised staff are more engaged staff, who give their best, commit to a company’s culture, values and objectives, while building company success.
But how can SMBs give recognition?
How can recognition be given to individuals and teams? Social recognition gives the SMB an accessible, affordable and supportive recognition tool. It is their very own private social network, which promotes three, key essentials:
All organisations, regardless of their size, will benefit from encouraging these activities. In particular, this is true for growing SMBs. Academics like Robin Dunbar suggest that individuals can maintain stable social relations with between 100-150 people. Others suggest this number is as low as 50 relationships. Applying this range to SMBs, when employee numbers rise above 50, SMB leadership will need a platform to support organisational cohesion.
A Social Recognition Platform
Company-wide recognition, communications and behaviours can be supported using a social recognition platform like Kudos®, which will deliver and drive these three key essentials, 24/7. What helps is that Kudos® is scalable, agile, mobile, secure and affordable:
3 compelling reasons for SMBs to remember these essentials:
There are three compelling reasons why every SMB leadership team should not forget these key essentials.
Implementing a recognition platform is a simple, yet effective, way to show your employees that they are valued. SMBs, and organisations of all sizes, that recognise their employees will create a healthier corporate culture and build a stronger business position.
Kudos® is an employee engagement, culture, and analytics platform, that harnesses the power of peer-to-peer recognition, values reinforcement, and open communication to help organizations boost employee engagement, reduce turnover, improve culture, and drive productivity and performance. Kudos® uses unique proprietary methodologies to deliver essential people analytics on culture, performance, equity, and inclusion, providing organizations with deep insights and a clear understanding of their workforce.Talk to Sales
Employee recognition differs by industry. Knowing how to use it strategically can have an undeniable impact on your business’ success.Get Your Guide