What is Employee Recognition?
In business, employee recognition is the positive acknowledgment of hard work and good performance. It could be a simple thank you by email, or a big reward to recognise day-to-day efforts. It is a key part of employee motivation and can go a long way in benefiting performance and company development.
Employee retention is vital to any business’s success – it ensures a consistent approach and keeps recruitment costs to a minimum.
Introducing a recognition scheme into your business allows you to ensure all your employees, from entry-level positions through to senior members, are rewarded for hard work or time served in your company. This makes for a level playing field and ensures all employees feel valued, respected and cared. In turn, this can have a great impact on job satisfaction and can increase employee retention rates.
A lot of companies have concerns that their best workers are going to suddenly resign. However, with an employee retention strategy in place, these fears can be substantially allayed.
CR Worldwide quickly designs, launches and optimises high-impact employee engagement programmes that:
- Improve staff morale
- Enhance workplace productivity
- Optimise retention / reduce attrition
- Enhance the power of peer-to-peer recognition
- Increase employee engagement
- Create a ‘recognition’ culture
- Empower managers and employees
- Strengthen core business value behaviour
All powered by our Easy-to-Implement, Easy-to-Use and Easy-to-Manage MyRewards® technology platform.
How an employee recognition programme can help your business
Integrating a recognition program into your company can help you achieve the deliverables you need to get the most from your employees. You can keep them happy, satisfied, engaged and focused on your company’s goals, all year round.
The State of the Global Workforce, Gallup, October 2017, says: “Effective, individualised communication has a restorative effect on employees, and the effect of a well-timed, meaningful piece of recognition can be a huge motivational boost.”
Our MyRewards® platform speeds programme results
Our market-leading online employee engagement program platform provides total performance tracking, reward redemption and a communications hub that’s ideal for engaging employees. This online points-banking platform is a white label system, so it can be fully customised to your company’s brand identity. Each user has their own unique, password-protected account that allows them to earn, save and redeem points for rewards securely within the platform.
Here’s how CR Worldwide helps brands around the globe implement employee engagement and loyalty.
Why is employee recognition important?
Your employees are often your biggest asset as a business. It is important that they share in your values and believe in your business goals. Employees that align with your vision will often perform better due to being more actively engaged in your company and wanting to help develop your brand.
Recognising the efforts of your employees can help to boost this level of engagement with your business. This can help with morale, employee retention and avoid dissatisfaction or negativity which can be harmful to the motivation of the rest of your team.
As an employer, you should acknowledge and reward hard work. Recognition helps to keep staff motivated, which, in turn, can be a boost to the effectiveness of your business and the level of service you provide your customers.
Your recognition program can help to highlight, reinforce and reward the behaviours you want to develop. Aligning your rewards with your brand values can help you to recognise the employees who exemplify everything your business is about. It also helps to ensure employees remain engaged and serve as an example to the rest of your team, helping to spread those important values across your business.