To Win In The Market Place You Must First Win In The Workplace!!

During a veritably grueling time, we learned a lot about the positive impact that fun and easy hand recognition can have on hand provocation and platoon morale.

"People work for money but go the extra mile for recognition, praise, and rewards.” –Dale Carnegie

Workplaces are?transforming?tremendously. With the?changing?script,?employee?recognition isn't a?bare?task?that?leads?to tick off from their to-do?list. Offering timely (and?regular)?bounties?and recognition is a?necessity.

According to Wikipedia,

"Employee recognition is the timely, informal, or formal acknowledgment of a person’s behavior, effort, or business result that supports the organization’s goals and values, and exceeds his superior’s normal expectations"

In simple terms, employee recognition is the open acknowledgment and?expressed appreciation for employees’ efforts and contributions to their organization.

It could?be?a?simple?thank you, a?high-five, a?special?shout-out?during the?meeting, or?indeed?a?perk?or?gift?for a?job?well?done.

Will recognition?work?for my?platoon?

A?BIG?Yes. It builds?stronger?brigades, cultivates?rich?company?culture, and encourages?employees?to?do?their?finest?work.

“There is more hunger for love and appreciation in this world than for bread.” – Mother Teresa

Indeed though employees receive a payment, they still get a spark of joy and excitement when offered a genuine and spontaneous gift and appreciation.

Here are some compelling findings from research and industry surveys on employee rewards and recognition:

1. According to this?study, 37% of employees consider recognition is a must.

2. 94% of HR professionals agreed that an effective rewards and recognition program helps drive business results and?increases employee retention. (Source)

3. Well-designed rewards and recognition programs can drive an 11.1% increase in average employee performance. (Source)

4. 83% of HR Leaders say an employee recognition program benefits organizational values. (Source)

5. 53% of people said feeling more appreciation from their boss would help them stay longer at their company. (Source)

6. According to?Cicero, 69% of employees would work harder if they felt their efforts were better appreciated.

7. When asked what leaders could do to improve engagement, 58% of professionals endorsed giving recognition. (Source)

8. According to?Gallup’s research, lack of recognition is one of the most common reasons why employees leave an organization.

9. 59% of employees feel they’re not being rewarded effectively. (Source)

10. A survey found that 47% of employees want to receive a personalized reward spontaneously. (Source)

What are the?crucial?rudiments?of a?successful?recognition?program??Here?are some?crucial?rudiments?of a?successful?recognition and?bounty?program

• Timely?and?specific?recognition
• Involvement of?top?administration
• Peer-to-Peer?recognition
• Integration of?core?company?values

What?are your thoughts?