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6/19/2017 |
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Why Employee Recognition Is Important |
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Why Employee Recognition Is Important by Rhucha Kulkarni Human nature is such that humans like to feel valued and special for what they are and what they do. This basic psychological tenet is applicable in the workplace as well, and forms the basis for rewards and recognition. While some organizations prefer paying a premium to make employees feel valued, others believe in a more culture-centric way of making employees stick. For the second type of organization, recognition comes as a savior tool. Recognition is nothing but appreciation given in a structured manner. Appreciation is known to increase the levels of the feel-good hormone oxytocin, leading to happiness and high spirits, says a research by Bersin by Deloitte. Recognition is thus, intricately linked to employee engagement through a positive correlation. A recognition program does not typically involve much costs, but the outcome is significant. Some of the advantages are: - Increases the repetition of desired behaviors, thereby aligning people with the desired organizational goals
- Better employee job satisfaction
- Enhances team spirit
- Lowers employee turnover by acting as a retention tool.
- Lowers incidences of negative behavior, reduces absenteeism, increases productivity, and decreases stress on the job.
- Maintains a strong employer brand
- Acts as an allied HR process for meeting learning goals
HR leaders who design recognition programs must keep in mind the intricacies of designing an effective and efficient program. Especially with new work groups dominating the workplace (such as millennials), the specific needs of these special groups must be taken into consideration. For example, millennials derive more inspiration from peers, than veterans do, so peer to peer may be more effective for them. For veterans, traditional recognition such as a company announcement may work better. Read full article on HR Technologist.
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