The ultimate guide to employee recognition software.
Today’s workforce is more motivated, collaborative, and productive than ever.
And it’s not just because Millennials are now the largest segment of the population. Working remotely, flexible hours, and digital collaboration tools have all played a role in creating this new, more dynamic working environment.
However, despite these advancements, employee recognition continues to be one of the most effective ways to drive employee performance and retention at any company. In fact, according to PeopleFirst HR Leaders Council research, employee recognition programs have a measurable impact on retention rates and other key performance indicators (KPIs) like turnover rate, time to fill, and interview-to-hire timeframes.
Employee recognition isn’t going away anytime soon — the need for it is only getting stronger.
What is employee recognition software?
There are many ways to show your employees appreciation. But if you’re looking for a way to boost employee morale and productivity, employee recognition software for your organisation is the one for you.
Employee recognition software is a cloud-based solution that allows companies to recognise team members across the globe by integrating recognition into workflow, communication, and social collaboration.
Employee recognition software helps organisations to improve culture and engagement by simplifying and publicising the process of recognising team members. It’s an effective tool for managers and HR leaders looking to show employees they are valued and appreciated for their hard work.
Employee recognition software is typically designed for all size organisations. Businesses with even fifty employees can benefit immensely from a software program that recognises their employees.
Recognition software makes it easier for managers to show their appreciation to employees, which can lead to more productivity. It can be used to recognise employees for their hard work and commitment, and to show gratitude.
Why is employee recognition important?
Employee recognition is an important component of any employee engagement strategy.
In fact, according to research from the Society of Human Resources Management (SHRM), managers who are generous with praise and recognition have employees who are more engaged and committed to their jobs than managers who aren’t as generous with the recognition. Further, the same study showed that employees who are recognised are more likely to stay with their companies and are more likely to be productive.
As the manager of your team, you want to do what you can to make sure you’re recognising your employees. But you might be wondering, why does it matter so much? Why is employee recognition important?
What are the objectives of an employee recognition program?
Employee recognition is all about celebrating your team members and acknowledging their contributions to the company. It’s important to remember that recognition doesn’t have to come in the form of a tangible item — it can be something as simple as a message to an employee letting them know that they’re doing a great job and that you appreciate their work.
Employee recognition programs come in many shapes and sizes. There are a few objectives that many companies have when creating their recognition programs:
Reinforce company values: When you’re creating your recognition program, you should make sure that the types of recognition that you’re offering are in line with your values as a company. This will help reinforce those values in your employees and make them feel more connected to their jobs and the company as a whole.
Create a culture of appreciation - One of the main reasons people give when asked why they leave their jobs is a lack of appreciation from their managers. When you create a program that regularly celebrates your employees, it can help you to create a culture of appreciation.
Types of employee recognition.
Recognition examples: This can be as simple as thanking employees for their hard work at the end of a project or acknowledging that they went above and beyond for a client.
Simple rewards: This could be a free lunch, a coffee with a manager, points into an award account or a voucher. These are great small gestures that can go a long way with employees.
Recognition programs: These are more complex program that might have different levels and categories. For example, you might have categories like “Top Performer” or “Achiever” that employees can work towards.
To finish.
Now that you know what employee recognition software is and why it’s important, you can start to think about ways you can implement it at your company.
Employee engagement can be a tricky topic to navigate, but with the help of the right employee recognition software, it can be easier than you think.
With employee recognition software, you can easily create a variety of programs that will help show your employees how much you appreciate their hard work and commitment to the company. Employee recognition is an important component of any employee engagement strategy, and it can go a long way in helping to improve your company culture and employee satisfaction.