The Power Of Social Recognition At Your Business
In business circles around the world, there’s always the common thread of creating a welcoming company culture and retaining valuable employees. Unfortunately, many organizations wildly miss the mark when it comes to creating a positive environment that makes workers want to stick around. Morale and flexibility are two key components for fixing this problem, but there’s much more to it than that. Encouraging peer-to-peer social recognition and creating a strong community feeling at your organization can be a powerful means for transforming your entire business. In this article, we’ll help you understand the power of social recognition in your business.
What Is Social Recognition In The Workplace?
Broadly speaking, social recognition is a method of acknowledging each other’s hard work and dedication in the workplace. It can be as simple as congratulating someone on a job well done or telling them what you admire about their performance. It isn’t merely an interaction between management and staff. Instead of a subordinate interaction, it actually happens peer-to-peer. Coworkers recognize each other and the value they add to the organization regularly. It can also work between management and employees to help strengthen relationships and cultivate an environment filled with positivity and gratitude.
How Does It Help Employees?
Social recognition helps employees by increasing engagement. Because engagement is so vital to a company’s success, HR managers often try to find ways to prevent employees from becoming disengaged. As it turns out, engagement is pretty important. Disengaged employees won’t really care about the organization’s success, goals, or otherwise. Maybe it’s just a paycheck to them or they feel like they’re not being valued enough. When 65% of employees don’t receive any kind of recognition throughout the year, it’s no wonder some workers feel that way! Better engagement leads to better retention, which ultimately leads to happier employees. Giving employees the opportunity to highlight each other’s strengths and get to know each other better while also providing a platform for management to perform regular check-ins enhances the engagement and office experience for everyone within the company.
Finding Top Performers
Giving somebody a little bit of recognition will go a long way toward becoming a more prosperous, welcoming organization. Social recognition also helps to strengthen work relationships, maintain a sense of professionalism, and build trust throughout the organization. It’s also inclusive and incentivizes high performance, ultimately improving business success across the entire company. Just a little bit goes a long way. But recognition through milestones or top performance is a covert means of identifying top performers throughout the organization. Using insights and interactions from a cloud-based employee recognition platform not only identifies top performers but also builds a flowing, conflict-free environment with happy, engaged employees throughout the team or organization. Qualitative feedback and monitoring of the recognition provided by employees to other employees can create less turnover and result in more employees going above and beyond within their projects at the company.
Prevent Workplace Stress
Stress, tension, disenfranchisement, and other factors can contribute to workplace stress. Some organizations have a significant problem in this area, where workers might feel underappreciated, overworked, or even physically ill at the prospect of going to work. Some managers simply don’t understand how social and emotional support can positively impact their employees. Cloud-based recognition services provide a community platform with AI-powered inclusion, resolution, and other features to help keep employees motivated and considerably reduce stress in the workplace.
More Awards
Bonuses, benefits, and awards within an organizational structure will go a long way toward improving performance and morale. The more awards an employee receives, the more likely they are to stay with the company and have a better experience there. A unique aspect of some employee recognition services is the ability to offer physical rewards for giving and receiving recognition. More importantly, awards recognize and validate employee contributions, often inspiring them to stick around, work hard, and find a better work/life balance as they thrive in their role within the company.
Authored by Samantha Waites, EMediaBuyers team