Recognise the value in employee recognition

Employee recognition can sometimes be an undervalued management technique, particularly in today’s world where business heads are often tied up in high-level tasks and major decisions. Despite such, it remains important for all real estate principals to work towards creating workplaces that recognise employees for jobs well done.

 

Multiple studies have demonstrated that employee recognition has a multiplicity of short and long term benefits – not just for workers but also employers. 

 

In fact, findings released earlier this month by US research and advisory company, Bersin & Associates, reveal a strong link between workplace recognition programs and employee performance.

 

The report, entitled ‘The State of Employee Recognition in 2012’, is based on two online surveys of 834 organisations conducted between January and May 2012, including more than 30 research interviews with HR and talent management professionals.

 

The research showed that “in organisations where recognition occurs, employee engagement, productivity and customer service are about 14 per cent higher than in those where recognition does not occur.”

 

Additionally, the report found that “for employees, the most important elements of a recognition program are the ability to receive specific feedback and give recognition easily.”

 

Various other studies have echoed similar findings, drawing positive links between workplace recognition and increases in employee retention, satisfaction, loyalty and motivation – all of which have positive implications for a business.

 

Employee recognition techniques

 

There is no right or wrong way to recognise employee performance. However, it is important to realise that recognition strategies should be catered to the needs, interests and values of individual employees – one size does not fit all.

 

To get you thinking about the process, here are ten employee recognition techniques that you might want to consider:

 

1.       Personally praise staff after they successfully complete tasks. Simply saying ‘thanks a lot, you did an excellent job” often goes the farthest way to reinforcing an employee’s confidence, value and morale;

2.       Write personal notes about good performance, and post them on the employee’s office door or desk;

3.       Use public forums such as staff meetings and annual dinners to recognise employees for outstanding performance;

4.       Take both the employee and their team out to lunch to celebrate outstanding results; this provides the individual with informal recognition from their peers as well;

5.       Send an email blast alerting the company to an employee’s exceptional achievements;

6.       Include employees’ names and their achievements in internal publications such as newsletters and reports;

7.       Create quarterly and yearly awards to recognise employees that have excelled in particular performance aspects;

8.       Create an annual “Hall of Fame” to recognise top performing employees;

9.       Provide a "token" voucher of gift card specific to the employee’s interests or hobbies;

10.   For employees who consistently go above and beyond, consider granting time off, such as half-days and Fridays.

Posted by George Tarbey on 25/06/2012 at 1:55 PM | Categories:

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