In this section, we'll be talking about the value of Employee Recognition to your organization and why it's crucial to have it within your overall Performance strategy. Each of the other chapters are broken down into separate articles, which are linked in the table of contents below.
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Workers who receive meaningful recognition are more likely to work harder and recommend their company as a great place to work.
Recognition is too often forgotten as a key aspect of performance management. Yet the value of recognition can be tied to critical business metrics like productivity, engagement, and employee retention. Additionally, recognition complements other performance programs, and provides visibility into key employee accomplishments.
Gallup research found that only one in three U.S. workers strongly agreed that they have been recognized or praised for their work in the past seven days. Yet, people who receive meaningful recognition when they perform well are 3.6X more likely to work harder than they have at past companies and 3X more likely to recommend their company as a great place to work.
What’s more, a recognition program also:
- Acts as a foundation to build a culture of feedback
- Provides a record of individual and team achievements
- Helps promote company values
- Counters recency bias during performance reviews
Given the value of recognition, we’ve included best practices to successfully build and launch a program that your employees will love.
Imgur Health Case Study
Hundreds of Reflektive customers have launched recognition programs for the aforementioned benefits. The HR team at Imgur cited the power of recognition in enabling employees to capitalize on their strengths and increase their self-awareness.