Employee recognition couldn’t be more critical for businesses, especially as retention and productivity become bigger challenges in the wake of the Great Resignation and “quiet quitting.” An effective recognition and rewards program is a win-win for both the employer and the employees. Surveys show that when employees get regular recognition, they are more likely to feel valued and be engaged. That leads to business benefits such as higher productivity and team members who stay longer in their positions.
Successful employee recognition programs include acknowledging and showing appreciation for your team members’ achievements, milestones, and efforts in the workplace. They also often incorporate rewards to make the recognition even more meaningful.
Here are just a few of the most common opportunities for recognition:
Employee recognition is one of the key drivers of employee engagement. In fact, according to Quantum Workplace, employees who believe their work will be properly recognized are 2.7 times more likely to feel highly engaged.
When employees are engaged, many other benefits follow. Research from Gallup shows that organizations that report high employee engagement see, on average:
In addition, according to Great Place to Work, when compared with employees who don’t feel appropriately recognized at work, those who do are:
Twice as likely to say people at their workplace are willing to go above and beyond.
If you want to reap the benefits of employee engagement, it’s not enough to offer occasional, inconsistent recognition. Managers really need to create a culture of recognition in the workplace and even within each team. Here are some tips to help:
With such widespread adoption of a hybrid or remote-first workplace model, many aspects of the employee experience have changed, including recognition and rewards. It makes it that much more difficult for managers to create the culture that recognizes all employees — both in-office and remote — for their contributions in a way that improves the team’s morale, engagement, and retention as a whole.
By adding digital rewards to your employee recognition program, you can instantly and easily show appreciation for team members anywhere in the world. BHN Rewards not only offers a wide, global selection of digital gift cards, prepaid cards, and e-donations, it also integrates directly with Microsoft Teams so you can recognize employees on the spot during live virtual meetings, via personal chat messages, and in public team channels.