Motivated employees are a great asset to any company. They put their best work to the company’s benefit. While outstanding salaries and benefits help keep employees motivated, recognition and appreciation play a significant role as well.
A survey has found that 37% of employees consider recognition as the most important factor. It gives the employee a sense of satisfaction and belonging. However, 65% of the employees expressed that they haven’t received any form of recognition for their good work. It has affected their productivity and motivation negatively.
Among other factors, employee recognition helps in building a strong team. It generates a strong workplace culture to accomplish even the most difficult tasks. Let’s discuss how recognition can impact building a strong team.
Employee Recognition Strategies to Build a Strong Team
Employee recognition is the most cost-effective method to boost employee motivation and morale. Pay rise, autonomy, promotion can inspire employees to work harder. However, when the leaders and employers appreciate the work employees are doing, they tend to repeat the good work and bring better results.
83% of HR leaders agree that a good employee recognition program improves organizational value. Recognition makes the employees feel valued. Therefore, they will work harder to accomplish company goals. This collective effort leads the company to achieve success and growth.
50% of employees believe that when managers appreciate their work, they feel more connected with their company. It develops trust and reduces the communication gap between employees and employers.
When leaders initiate a recognition culture in their workplaces, the employees follow their lead. It prompts peer-to-peer recognition culture. This culture builds strong bonds between employees and promotes collaboration. Therefore, strong team-building opportunities arise.
41% of companies with peer-to-peer recognition culture have experienced an increase in customer satisfaction. It is believed the improved relationship among the employees had strong effects on the workforce. As a result, productivity and quality improved. This leads to the satisfaction of consumers.
Why Employee Recognition Impact in Team Building?
Companies that adopt appropriate recognition programs see an increase in employee satisfaction and engagement. It brings positive impacts on employee performance and productivity. Employee engagement promotes a collaborative culture throughout the company, allowing the whole process to go smoothly and harmoniously.
From front-line blue-collar workers to C-suite executives are essential for an organization’s success. And when they are recognized for their job, they feel seen and acknowledged. As a result, they are inspired to work harder and put in their best efforts to accomplish their task.
Engaged employees tend to stay with their organization. It allows them to get better at their job and improve their ability to work. Therefore a company experiences lower employee retention rates and more productivity.
Employees with a stronger bond with the company uphold the mission and purpose of the company. It creates a great company culture and allows employees to grow along with the company. The promise of professional development of employees makes them loyal to the company and reduces employee turnovers. As a result, the company can build a stronger team with its long-term employees effectively.
Ways to Improve Your Employee Recognition Program
If your company is suffering from poor employee engagement, it is most likely that your recognition program is not good enough or doesn’t meet the expectation of your employee. So, for better engagement and team building, you will need to revise your recognition program. Here are some ways that you can make a great employee recognition program for your organization:
Adopt Smaller Goals and Recognize Employees for Achieving Them
A bigger task consists of a lot of smaller tasks. Accomplishing a large task may seem impossible for an employee. However, when the task is broken into a series of smaller tasks, it seems achievable.
So, break out a bigger goal into smaller goals and appreciate employees for accomplishing those goals. It will make even the toughest tasks manageable and boost employee morale.
Public appreciation is a better way to acknowledge the good works employees do. It boosts the employee’s confidence and allows others to know their strong suit. It initiates conversations between employees and creates a collaboration culture in the workplace.
The management and leaders may not be able to track all the accomplishments every employee does. However, the team leaders and other employees may be aware of their fellow employees’ good work ethics and other good qualities. Therefore, in a peer-to-peer recognition system, these good qualities can be recognized and appreciated accordingly.
While recognizing an employee, the leadership should be as specific as possible. It will allow the employees to know for what they are getting recognition and will replicate the results.
Ask for Feedbacks
Asking for feedback is another way to improve the employee recognition program. Here the employees can voice their concerns and desire to the management. Therefore, creating a recognition program tailored specifically for employees becomes possible.
Your recognition program upholds how much you value your employees. A good recognition system helps you build meaningful bonds with your employees. Therefore, your organization can see a boost in engagement and productivity.
Online recognition platforms can be a great way to create recognition programs and recognize your employees. It gives you real-time data and makes you aware of the result. So, for a better team-building process, utilize all the resources available to you.