If you are an HR leader or a corporate executive, you might have heard about peer-to-peer recognition and its advantages in a corporate setting. Peer recognition happens when an individual is commended by his or her team members, or if the whole department decided to commend each other for a job well done. It can be a motivating practice, and many companies across the United States are now adopting the practice. The motivation that it provides makes everyone in a company work harder so that they can also be recognized for their contribution. Peer-to-peer recognition best practices include rewards for those who have provided a solid contribution to the company’s success, and this recognition drives employees to achieve their goals and perform better. The result is higher employee engagement and greater productivity.
Why is peer-to-peer recognition important in today's corporate setting?
Today's corporate setting can be stressful for many people. However, when a company decides to change their company culture to accommodate others and encourage the employees to engage in a peer-to-peer recognition program, the workplace experience becomes more meaningful. Through the years, companies have proven that peer recognition drives results. There are many ways to introduce a peer-to-peer recognition program into a company. Its success depends on the employees and the corporate heads. Providing incentives and encouraging employee engagement is the best way to implement a peer recognition program and ensure its success. Nothing drives results more than a workplace culture where employees feel encouraged to provide feedback and recognize one another for their accomplishments.
Why are more companies adopting a peer-to-peer recognition program?
Creating a company culture where everyone wants to work with each other
A peer-to-peer recognition program enables employees to have a common avenue where they can share their gratitude or feedback with a fellow employee. Employee recognition programs encourage communication inside the workplace, and can greatly increase productivity. Recognition encourages increased competence because there is a direct relation to hard work and recognition in doing their job, and they will be able to accomplish more things if everyone is working together. A strong set of company values encourage the employees to comply with the rules and regulations that they need to follow, setting up an example for other workers.
To manage and streamline how the incentive budget spending
Companies are adopting peer-to-peer recognition programs because they want their expenses to be monitored. Sponsoring a recognition program does not require a large budget, and companies are being subjected to budget audits when they want to introduce peer recognition to their employees. Other companies who are stating that they do not have a budget for peer recognition and there are many low cost options like Nectar HR that can provide an employee engagement platform at low cost per employee per month.
Introducing peer recognition inside the workplace is an easy task
Many employee recognition programs provide an on-boarding process that allows the HR representatives to be trained in the use and implementation of each program. Some of the peer-to-peer recognition programs even have a self-service tutorial and boast of quick on-boarding processes that can be completed in under 10 minutes. Each of these programs is created in a way to create the perfect solution and are easy to understand and use.
Using a peer recognition program will decrease the load required for administrators
Peer recognition programs are a great way to improve workplace culture and enable the employees to become more engaged in the workplace and showing gratitude to other employees. With employee recognition programs in place, the employees can simply check all of the information available within the program, and they can also use it to buy gifts or other merchandise that they can give to another employee that they wanted to motivate. It is a great way to manage all of the expenses that are being used on gift-giving, and it will also encourage the employees working for the company to recognize and appreciate the work of one another.
The employees would love peer recognition
Humans are social animals, and we love the feeling of being recognized and commended for a job well done. Employee recognition programs can immediately impact the company culture by providing instant feedback on their performance and indicators to appreciation from their peers. Performance can be monitored and relationships between employees become clear as those who work well with others will be able to be recognized for their hardwork. Peer recognition is a good thing, and all of the employees working on your company will benefit from it and will develop a different sense of companionship with one another.
Companies are using it as a strategy to recruit talent
Job hunters today are considering workplace culture whenever they are trying to find for a place where they can work. Younger generations have cited toxic company culture as one of the biggest reasons they leave their jobs. Creating healthy workplace culture can incentivize more young professionals to join a company. HR leaders and corporate executives are trying to show the prospective talents how fun it is working for a company that practices peer recognition. The younger talents need to develop an interest working for the company, and if they notice that the company culture is positive, and many workers are satisfied and happy with what they are doing there is a greater incentive to work at the company.
Creating a loyal team inside the company
When using a peer recognition program, the company encourages the department heads to look for someone inside their department that can be promoted to a higher position. For them, relying on the talent that is already available within the company is important, because it will give the workers a chance to show what they are capable of. When the employees are encouraged and promised of a promotion, they will work hard and show their higher-ups that they can do everything that they can to avail of the promotion that is given to those who have a positive working attitude. When you provide the promotion to those who have been working for the longest time, you will develop a team that is loyal to the company. Use the remaining budget that you saved to hire new faces that will be introduced to friendly company culture.
Peer recognition programs create genuine friendships
An office is a place where relationships are created, just like the school or a community. When the employees are giving each other positive feedback and motivational advice, the bond starts to strengthen, and everyone will look at each other as a reliable person to talk to about life problems. If you wanted your employees to get along very well, you can start directing everyone working for your business to start using a peer recognition program and be open with the problems and issues faced inside the company. This will give everyone a voice to air out their concerns, and it would have a positive impact on the working environment.
Peer recognition programs provide an avenue for employee feedback
Annual reviews are becoming obsolete, and many companies in the United States decided to ditch it. The HR leaders and corporate heads of these companies decided that annual feedback from the employees would not help them with their concerns. Instead, the companies started to adopt a peer recognition program, and they are given a chance to give live feedback to their workmates, advising them about the things that they need to remember, or providing them a commendation to motivate them to work harder. The employees who are receiving positive feedback on their peer recognition survey are saying that it makes them feel good, and it also encourages them to work harder.
What are the best ideas to promote peer recognition inside the workplace?
There are multiple ideas that HR leaders and corporate executives can find on the internet that will guide them on how to promote peer recognition inside the office. If you are an HR leader or a corporate executive, you can start getting an idea on how it should be done by following these strategies and tips:
1. Delivery of a gift on a co-worker’s desk
Peer recognition can be observed in a workplace where the employees are giving gifts to each other as a sign of gratitude for their hard work. Direct your employees to give a gift to the individual who they think contributed a lot for the success of the business. The gift is not necessarily something expensive, because a simple cup of coffee or a small candy can promote peer recognition.
2. Write the motivation or the recognition on a piece of paper
If you have a lot of sticky notes inside the office, what you can do to motivate or encourage your employees is to write down your commendation on a piece of paper and stick it to their desks. You can also use the bulletin board on your department to announce the recognition of an individual. Announcing it to the team will inspire everyone to work harder while building the confidence of the person who received the commendation.
3. Give trophies if it is necessary
If you wanted to bring the best in your employees, you can give them trophies and observe how they will improve. You can also give your employees stuffed animals, or any reward that you wanted. Those who displayed an outstanding performance should be given the highest recognition, and you will be surprised seeing everyone trying to reach their goals after a trophy has been awarded.
If you wanted to see a drastic improvement in your company’s office culture, make sure that you are doing your best in promoting peer recognition inside the workplace.