If you are an HR leader or a corporate executive, you might have heard about peer recognition and its advantages in a corporate setting. Peer recognition happens when an individual is commended by his or her team members, or if the whole department decided to commend each other for a job well done. It can be a motivating practice, and many companies across the United States are now adopting the practice. The motivation that it provides makes everyone in a company work harder so that they can also be recognized for their contribution. Peer recognition also involves rewards for those who can provide a solid contribution to the company’s success, and it drives the employees to achieve their goals and perform better.
Why is peer recognition important in today's corporate setting?
Today's corporate setting can be stressful for many people. However, when a company decides to change their culture to accommodate others and encourage the employees to perform peer recognition, the workplace experience becomes more meaningful. Through the years, companies have proven that peer recognition drives results. There are many ways on how to introduction peer recognition to a company and its success depends on the employees and the corporate heads. If your company wanted to encourage the employees to participate in peer recognition activities, provide an incentive and encourage everyone to become a part of the changes in your office culture.
Why are more companies adopting a peer recognition program?
Creating an office culture where everyone wanted to work with each other
A peer recognition program enables the employees to have a common avenue where they can share their gratitude or feedback with a fellow employee. This would strengthen the communication inside the workplace, and it can create a positive environment for those who wanted to work harder. It will also encourage everyone to become more competent in doing their job, and they will be able to accomplish more things if everyone is working together. A strong set of principles would also encourage the employees working for a company to comply with the rules and regulations that they need to follow, setting up an example for other workers.
To manage and streamline how the incentive budget is used
Companies are adopting a peer recognition program because they want their expenses to be monitored. Sponsoring a peer recognition program requires a sufficient budget, and companies are being subjected to budget audits when they wanted to introduce peer recognition to their employees. Other companies who are stating that they do not have a budget for peer recognition are assisted by organizations who are promoting the practice, and they are given a program that can help them manage their budget so that they can allocate it for the motivation of their employees.
Introducing peer recognition inside the workplace is an easy task
At first, HR leaders and corporate executives would be surprised after hearing about the peer recognition program. They think that it is another unnecessary program that requires an additional budget. They are also thinking about all of the work needed to let the employees use the program and become an expert in the shortest time possible. However, they should think positively because using the program has a lot of benefits. Learning the peer recognition program is an easy task, and the employees can master it in a short period. The HR leaders and the corporate executives should observe how the employees would start using the program to provide motivation and gratitude to their co-workers, creating a positive environment for the workers.
Using a peer recognition program will decrease the load required for administrators
If you wanted to change the company culture, you can rely on peer recognition programs that will enable the employees to become more independent in choosing the options that they can select to give thanks or motivation to other employees. With the social recognition program in place, the employees can simply check all of the information available within the program, and they can also use it to buy gifts or other merchandise that they can give to another employee that they wanted to motivate. It is a great way to manage all of the expenses that are being used on gift-giving, and it will also encourage the employees working for the company to develop a sense of gratefulness to one another.
The employees would love peer recognition
Humans are social animals, and we love the feeling of being recognized and commended for a job well done. If you will order everyone inside the workplace to use the peer recognition program, you will notice immediate changes. The employees working for your company will be more open with each other, and it will be their chance to know more about their workmates. Those who have a lagging performance will be encouraged to work harder because their teammates keep on telling them that they can do everything and they should not be afraid to try out new things. Peer recognition is a good thing, and all of the employees working on your company will benefit from it and will develop a different sense of companionship with one another.
Companies are using it as a strategy to recruit talent
Job hunters today are considering the office culture whenever they are trying to find for a place where they can work. The younger talents refuse to work in a toxic environment and to encourage more young professionals to join their companies, HR leaders and corporate executives are trying to show the prospective talents how fun it is working for a company that practices peer recognition. The younger talents need to develop an interest working for the company, and if they notice that the office culture is positive, and many workers are satisfied and happy with what they are doing, the young professionals can decide to stay and work with the business.
Creating a loyal team inside the company
When using a peer recognition program, the company encourages the department heads to look for someone inside their department that can be promoted to a higher position. For them, relying on the talent that is already available within the company is important, because it will give the workers a chance to show what they are capable of. When the employees are encouraged and promised of a promotion, they will work hard and show their higher-ups that they can do everything that they can to avail of the promotion that is given to those who have a positive working attitude. When you provide the promotion to those who have been working for the longest time, you will develop a team that is loyal to the company. Use the remaining budget that you saved to hire new faces that will be introduced to friendly company culture.
Peer recognition programs create genuine friendships
An office is a place where relationships are created, just like the school or a community. When the employees are giving each other positive feedback and motivational advice, the bond starts to strengthen, and everyone will look at each other as a reliable person to talk to about life problems. If you wanted your employees to get along very well, you can start directing everyone working for your business to start using a peer recognition program and be open with the problems and issues faced inside the company. This will give everyone a voice to air out their concerns, and it would have a positive impact on the working environment.
Peer recognition programs provide an avenue for employee feedback
Annual reviews are becoming obsolete, and many companies in the United States decided to ditch it. The HR leaders and corporate heads of these companies decided that annual feedback from the employees would not help them with their concerns. Instead, the companies started to adopt a peer recognition program, and they are given a chance to give live feedback to their workmates, advising them about the things that they need to remember, or providing them a commendation to motivate them to work harder. The employees who are receiving positive feedback on their peer recognition survey are saying that it makes them feel good, and it also encourages them to work harder.
What are the best ideas to promote peer recognition inside the workplace?
There are multiple ideas that HR leaders and corporate executives can find on the internet that will guide them on how to promote peer recognition inside the office. If you are an HR leader or a corporate executive, you can start getting an idea on how it should be done by following these strategies and tips:
1. Delivery of a gift on a co-worker’s desk
Peer recognition can be observed in a workplace where the employees are giving gifts to each other as a sign of gratitude for their hard work. Direct your employees to give a gift to the individual who they think contributed a lot for the success of the business. The gift is not necessarily something expensive, because a simple cup of coffee or a small candy can promote peer recognition.
2. Write the motivation or the recognition on a piece of paper
If you have a lot of sticky notes inside the office, what you can do to motivate or encourage your employees is to write down your commendation on a piece of paper and stick it to their desks. You can also use the bulletin board on your department to announce the recognition of an individual. Announcing it to the team will inspire everyone to work harder while building the confidence of the person who received the commendation.
3. Give trophies if it is necessary
If you wanted to bring the best in your employees, you can give them trophies and observe how they will improve. You can also give your employees stuffed animals, or any reward that you wanted. Those who displayed an outstanding performance should be given the highest recognition, and you will be surprised seeing everyone trying to reach their goals after a trophy has been awarded.
If you wanted to see a drastic improvement in your company’s office culture, make sure that you are doing your best in promoting peer recognition inside the workplace.