In today’s modern workplace, top-down recognition efforts and long-standing service awards just don’t cut it anymore. Peer recognition is crucial for organizational success. Traditionally, peer recognition programs have been viewed as a ‘nice to have’ rather than a ‘need to have,’ but recognition has proved an increasingly vital role in helping employees thrive at work.
Without consistent and frequent employee recognition, organizations can succumb to a myriad of issues detrimental to the health of their organizations. From poor onboarding experiences and high turnover to employee disengagement and more, a company is only as strong as its teams. Including a peer recognition program in your engagement plan this year will foster a culture in which your teams contribute their best work every day.
Peer recognition (also known as ‘peer to peer recognition’) is the expression of gratitude and/or praise among employees for their contributions and accomplishments.
The key benefit of peer recognition is the motivation and engagement that results from employees giving one another positive feedback and recognizing each other’s hard work.
Contrary to popular belief, peer recognition is not always formal. In fact, peer recognition takes many forms, and employees practice peer recognition every day when they do something as simple as saying ‘thank you’ to a fellow colleague or ‘good job’ to a teammate.
However, many organizations are recognizing the benefits of providing official channels or social recognition programs through which employees can recognize their peers and encourage others to do the same. It’s one of the key ways in which innovative organizations drive their businesses forward and retain their top talent.
The short answer is yes, you absolutely need a peer recognition program.
Studies have shown that peer recognition can have a significant impact on the health and success of organizations. More C-suite executives are focusing on recognition strategies and programs to motivate, engage and retain their high performing team members!
Employees crave daily affirmation for their efforts and contributions; if you’re not recognizing your people and providing them with opportunities to pat one another on the back every day, you’re at higher risk of losing them to organizations that will.
By practicing peer recognition, employees and leaders alike are able to share genuine feedback and positive praise with one another, regardless of their standing in an organization. This not only improves and nurtures the relationships employees have with one another but creates trust in leadership and showcases an inclusive culture of people who work as a team to benefit the whole.
What was once a formal and cumbersome process of praise is now an approachable, organic and easy way to show your colleagues that you recognize their contributions. Peer recognition can successfully break down the barriers associated with nomination-based recognition processes and provide opportunities for real-time appreciation and communication.
A peer recognition program makes it easy for all employees at every level of an organization - especially admins - to practice recognition by eliminating the time-waste associated with approval flows and recognition tasks.
Supporting peer recognition signals a belief in transparency and visibility across an entire organization, whereby employees can give recognition and acknowledge other acts of praise, as well. This establishes a framework through which every employee feels confident and comfortable giving recognition where and when it’s due, while everyone else can participate and support one another simultaneously!
With peer recognition comes the opportunity to build better relationships with your employees and top talent. Not only does it work to effectively promote company values and behaviours, but it also nurtures connections between coworkers while fostering a collaborative organizational culture.
Thanks to peer recognition programs, organizations have the opportunity to stand out to job seekers and top talent, having a seriously effective tool at their disposal for showcasing their thriving culture and engaged teams to potential candidates. By implementing a simple peer recognition program like Kudos, organizations nurture employee engagement, improve turnover, retain their top talent, and foster a happier work culture!
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