Employee recognition is the formal acknowledgement of an employee’s or team’s effort that supports the organization’s goals and gone beyond normal expectations.
We all need to feel appreciated, and employees respond to appreciation expressed through formal recognition because it confirms their work is valued. When employees feel that they are valued, their satisfaction and productivity rise, and they are motivated to do good work.
Recognition is Communication
Employee recognition has a huge communication component. Recognizing people for their good work sends an extremely powerful message to the recipient, their work team and other employees through the grapevine and formal communication channels. Employee recognition is therefore a potent communication technique.
Recognition is Organization
While employee recognition isn’t a complicated concept, it often isn’t a sufficient part of a company’s overall policy. According to a recent article by the Harvard Business Review, a big reason why managers don’t give their employees adequate recognition is a poorly-structured recognition program.
Supervisors need a system, concepts and processes in place to enable them to effectively recognize good performances. Managers also need executive support, reinforcing and training to be able to achieve recognition goals.
Recognition is an Investment
The price of an employee recognition system is small, even cost-free, and yet the return on investment is substantial when implemented efficiently.
Recognition boosts specific productive actions. Recognizing wanted behavior encourages this behavior, boosting productivity or safety habits. More broadly, recognizing desired behaviors supports the company’s overall mission and key performance indicators.
Gauging the immediate impact of proper recognition on profitability is challenging because it is just one of multiple factors influencing workers in every place of work. However, research reports do make a powerful case that bottom-line gains have been realized through recognition strategies. There are also many intangible benefits, including greater worker satisfaction, worker loyalty, and teamwork.
Want to Boost Employee Morale? Reach Out to Superior Resource Group!
At Superior Resource Group, we fully support all the employee engagement efforts of our clients. If your company is currently looking for a supportive staffing partner, please contact us today.