The Power of Recognition PDF

Recogntion CLEAR Program 2025 | Session 5 The Importance of Recognition Boosts Employee Morale Increases Productivity Enhances Retention Recognizing and rewarding When employees feel appreciated Employees who feel recognized employees for their hard work...

Recogntion CLEAR Program 2025 | Session 5 The Importance of Recognition Boosts Employee Morale Increases Productivity Enhances Retention Recognizing and rewarding When employees feel appreciated Employees who feel recognized employees for their hard work and and valued, they are more and appreciated are more likely to contributions can significantly motivated to work harder and stay with the company, reducing improve their overall job perform better, leading to turnover and saving on the costs of satisfaction and engagement. increased productivity and hiring and training new staff. efficiency. Types of Recognition Public Praise Acknowledging an employee's contributions and achievements in front of their peers, such as during a team meeting or company- wide event. Shout Out on LinkedIn Elevating the visibility & kindness of coworkers is a great way to say thanks for going above & beyond or just being a great colleague can make someone's day/ Private Praise Acknowledging the positive impact someone had on your day with a note. a verbal thank you, or a tiny token of appreciation can inspire them to continue to bring their best selves to work each day. ©2024 Proprietary and Confidential. All Rights Reserved. Beth Boyd | TalentLab.Live 3 “Employees want recognition that is meaningful, relevant, and aligned with their personal growth and development goals.” GALLUP  Let's Discuss What's the best recognition you've received in the last year?  Let's Discuss What recognition have you given that was truly meaningful to someone?  The Impact of Recognition Research has shown that when employees feel recognized & appreciated for their contributions, they become more engaged, motivated, & less likely to leave the organization. Recognition not only boosts individual performance but also fosters a positive work culture that can drive overall business success. The Benefits of Recognition The Benefits of Employee Recognition Improved Teamwork and Stronger Reduced Burnout and Absenteeism Relationships Recognition can play a vital role in combating employee burnout, as it helps to support employee well-being, boost Positive feedback and recognition can foster a collaborative morale, and encourage long-term loyalty, reducing the risk of and supportive work environment, boosting morale, high turnover rates. enhancing team dynamics, and nurturing a culture where employees feel valued and connected. Fostered Company Loyalty Dependable Culture of Recognition Employees who feel valued for their contributions are more likely to become passionate advocates for the company, Consistent and meaningful recognition can establish a embodying its values and fostering a culture of dedication reliable culture of appreciation that employees can count on, and pride. motivating them to deliver their best work and contributing to positive business outcomes. Improved Employee Well-being and Enhanced Employer Branding and Mental Health Advocacy Effective employee recognition can significantly improve the overall well-being and mental health of employees, as it Recognizing employees' contributions and making them feel makes them feel empowered, appreciated, and motivated to like an integral part of the organization can enhance the do their best work. employer value proposition (EVP), helping to attract top talent, retain high-performing employees, and build a positive external reputation. ©2024 Proprietary and Confidential. All Rights Reserved. Beth Boyd | TalentLab.Live 9 Recognition Best Practices Timely Specific Tailored to the Individual Provide recognition as soon as Clearly articulate the exact behavior Understand what type of recognition possible after the desired behavior or or accomplishment that is being resonates most with each employee, achievement. This reinforces the recognized. This makes the whether it's public praise, a private value of the action and encourages recognition more meaningful and note, a small gift, or an opportunity the employee to continue. impactful. for growth. Authentic and Sincere Aligned with Company Consistent and Equitable Ensure the recognition is genuine Values Establish a recognition program that and reflects your true appreciation Link the recognition to the is applied fairly and consistently for the employee's contributions. company's mission, vision, and core across the organization, so Avoid generic or perfunctory values to reinforce the behaviors and employees feel recognized for their recognition. mindsets that are most important to efforts. the organization. ©2024 Proprietary and Confidential. All Rights Reserved. Beth Boyd | TalentLab.Live 10  Let's Discuss What else is a "best practice" for meaningful recognition? The ROI of Recognition Impact of recognition programs on key business metrics 85% Employee Engagement 91% Customer Satisfaction 92% Productivity 87% Revenue 78% Retention ©2024 Proprietary and Confidential. All Rights Reserved. Beth Boyd | TalentLab.Live 13  Jane Doe Emily Johnson Sales Manager Operations Manager The Role of Managers John Smith David Lee HR Manager Customer Service Manager ©2024 Proprietary and Confidential. All Rights Reserved. Beth Boyd | TalentLab.Live 14 The Role of Managers in Peer-to-Peer Recognition Set a personal example Cross-pollinate achievements Managers should publicly recognize peers at their own level to Share success stories in broader forums to break down silos and normalize and encourage the practice throughout the give employees visibility into how their work impacts other organization. departments. Create dedicated time and space Build recognition into rituals Reserve the beginning of team meetings for colleagues to Incorporate peer recognition into project retrospectives and team acknowledge each other's contributions, making recognition a rituals to make it a consistent part of the workflow. regular habit. Provide non-monetary rewards Implement recognition tools Consider implementing non-monetary rewards, such as Provide easy-to-use platforms, such as a Slack channel or a digital recognition platform, to make peer recognition seamless. Encourage specific recognition Coach team members to give meaningful recognition by highlighting specific actions and their impact, rather than generic praise. ©2024 Proprietary and Confidential. All Rights Reserved. Beth Boyd | TalentLab.Live 15 The Benefits of Peer-to-Peer Praise at Work Improved Engagement High ROI Compared to Pay For every 10% increase in people reporting being Increases recognized, JetBlue saw a 3% increase in A recognition investment can achieve almost half retention and a 2% increase in engagement. the engagement boost of a small salary increase, at just 5% of the cost. Ongoing Motivation & Engagement Scalable & Shareable Recognition Unlike pay increases, peer recognition programs Peer recognition is shared internally, allowing provide ongoing, unexpected boosts that are others to see positive behavior and creating a harder to form mental anchors around. culture of appreciation & encouraging ©2024 Proprietary and Confidential. All Rights Reserved. Beth Boyd | TalentLab.Live 16 The Power of Friends at Work Recognition is a Relationship Builder The Power of Friends at Work Emotional Support Collaboration & Increased Engagement & Friends at work provide essential Accountability Outcomes social & emotional support, especially Friends at work help keep each other Having a close friend at work is during challenging times like the informed, accountable ,& connected strongly linked to improved business pandemic. to the team, even in remote or hybrid outcomes, including higher work environments. profitability, safety, & retention. Navigating Change Fostering a Culture of Friendship Best friends at work can help each other adapt to new Intentional efforts by leaders to promote & celebrate friends technologies, processes, & ways of working during times of at work can create a culture where these vital relationships uncertainty and change. can thrive. ©2024 Proprietary and Confidential. All Rights Reserved. Beth Boyd | TalentLab.Live 18 In the spirit of recognition... I appreciate you spending time with me for this session!