According to a recent study, creating an employee recognition culture in your organization can increase employee retention by up to 31%, which is a number worth investing in. Employee recognition is a way of showing appreciation for an employee’s achievements and contributions. By creating this culture of recognition, it will help motivate employees to create significant outcomes for your business. Employee recognition is necessary for motivating, retaining and fully engaging employees in your organization. When organizations focus on recognition, there is increased employee engagement and productivity.
Recognizing employees should not be based on seniority or the number of years they have worked at the organization. Instead, an organization’s recognition program should be designed in such a way which reward performance and actions that support an organization’s goals and initiatives.
Advantages of employee recognition culture in your intranet will:
- Improve employee productivity and motivation.
- Increase collaboration among employees.
- Enhance employee satisfaction.
- Generate a positive impact on employee experience, dedication and motivation to achieve bigger things.
- Drive better performance to get good business outcomes.
Some Key Elements To Achieve A Culture Of Recognition In Your Organization
a) Establish a value-based recognition program:
A value-based approach has an effective impact on business results which includes strong employee retention, enhanced engagement, improved employer brand and also cost control goals. Recognition and rewards programs have a focus on simple measuring metrics like service experience or accomplishment of internal milestones. While it is important, the focus also needs to upgrade from traditional recognition programs to value-based ones. Recognizing those employees who are innovative, interactive and enthusiastic and work beyond to create and manifest value for your organization will have a great and positive impact on retention and also help to improve productivity.
b) Promote people with leadership qualities:
We should never underestimate the impact and power of managers when it comes to an employee recognition strategy. They play a vital role in recognizing employees with great talents. An effective leader or manager will encourage employees by recognizing their efforts to enhance productivity and work efficiency. Leadership qualities are based on:
- Recognizing the strategic importance of employee recognition.
- Exhibiting an appreciation for employee contribution and effort.
- Inter-communication skills.
c) Facilitated peer to peer recognition:
Employee Recognition must be adopted by all to make it a reliable part of your organization’s culture. Organizations today are spread across the globe, and technology is allowing people to work globally. Top management doesn’t get the chance to look into the day-to-day activities of their employees but by using peer-to-peer recognition programs and gamification in your intranet, it can help management recognize how employees are getting involved.
Employee Recognition Through Intranet
Recognition satisfies an important human need and it is also a powerful business strategy. It is time that we need to recognize the great value that employees bring to their work, regardless of their role in the organization. Intranet portals provide a great platform for recognition and strengthen the positive culture in organizational demographics. An effective intranet portal can engage people from all corners of an organization much faster than traditional offline approaches. Using the recognition feature in intranet software you can easily recognize your best employees, highlight employee achievements and motivate them to continue to be highly productive. Driving employee motivation and retention helps to maintain a platform adoption is the ultimate win-win.
Thus employee onboarding and recognition take time to fully get integrated into the current organizational culture. But once it is done, it works wonders for employee’s overall satisfaction.
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