Peer to peer recognition has always been an important aspect of any professional workplace. Social acknowledgement is basic need according to Maslow’s hierarchy of needs. The company culture plays a major role is retaining the employees and continuously motivates them to feel truly wanted.
Peer to Peer recognition programs aims to provide acknowledgement, appreciation, satisfaction, self-worth, achievement and many more to boost employee motivation. Traditionally peer-to-peer recognition program is usually performed by the managers to their subordinates it can be more than that.
Companies can proactively create a culture of acknowledgment & appreciation within the employees i.e. when an employee executes a project well, his/her peers should acknowledge or reward the person for the result. Peer to peer recognition is a powerful technique to inspire & motivate employees in the organisation. Peer to Peer Recognition defines the company’s culture and It gives employees the necessary tools to encourage others, provide feedback, and reward accomplishments & improvements to generate a good working environment.
Benefits of Peer to Peer Recognition:
Builds Team Spirit
Team spirit is something that every corporate wish to maintain in their organisation. Winning and losing of great teams entirely depends on the team spirit. It’s the social and mental dynamics that influence the employees to make individual choices which benefit the entire team and the organisation. Associate the culture of team building with the company and it works like a catalyst for improvement.
If your employees perceive themselves to be a united team that leverages team spirit to gain energy and reach extraordinary results, well, you’ll have a winning team and a truly successful company!
Builds Collaborative Work Environment:
Whether it is a corporate company or a startup, employee satisfaction is considered paramount.
Professional work environments have undergone lot of changes in terms of working style so creating a culture companionship and collaboration has become more important. While, in the past, most people got ahead only by competing with their peers, the modern workforce now only progresses if people can work together. This means that instead of getting ahead, professionals are getting together. Today, many professionals expect their company to have policies in place that include mentoring, teaching new skills, and the opportunity to participate in multiple roles within their organization. Companies are competing to hire the best employees by developing soft-skills training and development programs.
A peer to peer recognition culture fosters genuine feelings of companionship and collaboration.
Increase in Employee Satisfaction and Happiness:
Implementing a peer to peer program will definitely have a positive impact on employee wellbeing. Few emotional states expressed between the peers can boost high levels of motivation and encouragement. Appreciation, encouragement, laughter, compassion are high vibration emotional states that spread.
Giving the employees a social medium to constantly communicate with each other It is assured to trigger motivation and inspiration.
Corporate leaders are striving to develop transparency in the organisation as it is expected from them by every employee. Transparency builds trust within the organisation. Without trust, a team cannot function properly.
A peer to peer recognition program helps brings exactly the kind of transparency as it helps employees learn more about each other employees or managers, and at the same time, it gives you a great understanding about your team’s dynamics and direction.
A Peer Recognition Culture Builds Loyal Teams:
Loyalty is even rarer. Loyal employees will never betray your company if they find a better offer. They’ll let you know first, they’ll make sure that you agree, and if you do, they’ll do their best to train somebody else to fill the position.
An organized peer to peer recognition program will make the rewarding system feel usual and pleasing. Organisation will have a right reason to reward each employee for each of his important accomplishments because they are already acknowledged by the peers. Employees who are part of a peer recognition program will never be afraid to ask for help. The true friendships built as an effect of the friendly company culture will allow employees to gain knowledge and skills from each other. That fosters both individual and company progress and helps your organization thrive in the face of challenges.
Every professional would love to work in a place where growth, teamwork, feedback, and rewards are present. Provide that and your company’s job positions will be seen as a goldmine to most relevant new candidates that you seek. Peer to Peer Recognition is an influential mechanism to boost employee motivation and receive constructive feedback. It also displays on how employees respond to the achievements of the company and their peers.
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