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EMPLOYEE RECOGNITION AWARDS
Companies with a solid strategy to recognize team members enjoy stronger engagement, increased employee morale, better customer service, and lower turnover. Acknowledging achievement can have serious ROI – to the tune of 50% higher productivity and as much as 20% increase in business outcomes.
Sounds like a no-brainer, right? Well, it’s not as easy as it seems. You need to find the right employee recognition program for your company. To do that, it first helps to get a better understanding of employee recognition and how it works.
Employee recognition is all about acknowledging the hard work and accomplishments of the individuals and teams within your organization. It’s really about creating an emotional connection with your employees and your company, all while supporting the work your employees do and staying authentic to your company’s values.
It’s as much art as science, and the best recognition tactics do something no tchotchke or gift card ever can – they make employees feel valued, respected, and even loved.
The creative employee recognition and staff appreciation ideas below come from real companies that know a thing or two about making their employees feel cherished.
Peer-to-peer and social
Top-down recognition always has the potential to be viewed cynically by employees and it’s much harder for managers to see the great work happening on the ground.
Modern organisations are encouraging peer recognition, often enabled by technology, which allows anyone to recognise anyone else and for this recognition to be voted for and amplified by others, allowing strong social safeguarding of culture.
Inclusivity is the name of the game
Aligning recognition with organisational goals is a good idea, but you want to avoid recognising only top talent.
Public and private praise helps everyone play to their strengths, self-discover weaknesses and generally improve on their own spectrum at a suitable pace.
Recognition is certainly a way to encourage the right behaviours and make examples of those achieving strong results, but it’s also a whole-organisation cultural commitment to encourage everyone’s development. You must be inclusive by design.
It’s time to stop recognising presence
Lots of organisations have long-service awards – work there for a decade and get a gold watch.
But you could have two people collecting this award on the same day, one who has coasted, disengaged, for the whole 10 years, and another who has worked hard and innovated since they joined. Both are rewarded in the same way.
Is that really fair? Recognising presence may be ‘fair’ in the organisation’s eyes, but it won’t be viewed that way by employees, and it can be very demotivating.
Individualise prizes for recognition
Recognition is the perfect time to develop the relationship between employer and employee by treating employees as individuals. Most organisations choose rewards that ‘everyone likes,’ such as champagne or chocolates, but these are quite impersonal.
Line managers should know individuals in their team enough to make recognition meaningful and aligned with that individual’s purpose. Do they love rock climbing? Get them a gift card to the local centre. Are they happiest in nature? Maybe a National Trust membership is appropriate.
Charity donations for helping others
Matching what’s being recognised with an appropriate prize is always more impactful than anonymous prizes.
If someone goes out of their way to help someone else, for example by mentoring, skills-sharing or another form of support, consider making a donation to a charity of their choice.
Helping others is a powerful motivator and a long-term source of sustainable energy. This also encourages a collaborative mindset.
Recognise continuous improvement
If you only recognise success you do people a disservice by not seeing how far they are traveling on the journey to success, and encouraging them to get there quicker.
Specificity is important here, so recognising someone for being a fast learner in a valuable workplace skill and making it clear why that’s important will be much better than simply having a ‘most improved’ award.
Bleed recognition into home lives
As the boundaries between work and home blur, we often talk negatively of how work can impact home life, such as the delivery of emails during evening meals.
But we need to look at the relationship positively too. Organisations should look at how recognition can be used to positively impact work-life balance and the home life.
For example, can recognition be linked to family time, such as vouchers for events, or greater flexibility around working hours to allow parents to spend more time with family?
Annual Bonuses
An annual bonus is financial compensation given to employees in addition to their base pay. Annual bonuses are given once per year, usually at the end of the fourth business quarter. Annual bonuses can be given for a multitude of reasons, but are usually based on performance, either the performance of the organization, the individual, or both.
‘Gold Stars’
Some organizations encourage employees to recognize one another’s contributions through the giving of small mementos. Gold stars are a good example of this type of recognition. These stars are sometimes given a tangible value, and can be exchanged for real-life items.
Verbal Praise
Verbal praise is perhaps the oldest, and longest-standing form of peer-to-peer recognition in the workplace. Verbal praise is given by colleagues, generally in an ad-hoc fashion, in recognition of a staff member’s valuable contribution.
Although nearly always informal in nature, verbal praise is occasionally solicited as part of a formal staff recognition program.
Microbonuses
Microbonuses are small monetary rewards given frequently by one colleague to another in recognition of a valuable contribution. Although microbonuses can be given by managers to their direct reports, they can also be given by other colleagues, and even from a direct report to a manager.
Microbonuses provide several unique benefits. Like spot bonuses, staff recognition in the form of microbonuses can be given in the very moment that a valuable contribution is made by an employee. Employee recognition given in the moment has the greatest potential for impact, because the action is rewarded almost immediately, when it is top-of-mind.
Because microbonuses are small by nature, they can be given often, providing multiple positive instances of employee recognition without dramatically altering an employee’s compensation.
