Engaging your people. It’s the key to improving your workplace culture and the payoff is real for both your employees and your company. Employees are happier and more productive, high performers tend to stay longer and your company is more successful in recruiting high potential candidates. And of course, these things all positively impact the bottom line.
If engagement drives all these positive results, then what drives Employee Engagement? While there are many elements that go into an overall engagement strategy, at the top of the list is employee recognition. If recognition isn’t a major part of your engagement program, you really don’t have an engagement program.
Recognition Drives Engagement → Engagement Drives the Bottom Line
Recognition Drives Engagement
Studies have shown time and again that recognition is among the top drivers of engagement. Companies that value recognition see improved engagement.
Engagement Drives the Bottom Line
Once your recognition strategy is in place, studies like the Gallup State of the Global Work Place show time and again that true Employee Engagement will significantly impact your company’s bottom line.
What is Recognition?
“Employee recognition” is a phrase that is used often, yet many times it is misunderstood by employees and management alike. The following definition adds clarity to what we mean when we use the phrase.
Employee Recognition: Acknowledging and rewarding the effort, accomplishments, and contributions of an employee or team when they reflect the values, mission, or goals of your organization.
While recognition can take many forms, the most effective recognition occurs when a company adopts a holistic approach. We refer to this comprehensive strategy as Total Recognition, and it requires companies to show their appreciation across three core levels: formal recognition, informal recognition, and day-to-day recognition.
So, with recognition from colleagues, team members, managers and leadership, employees can be their very best, which translates to more effective, more productive employees.
Recognition can take many forms. It can be formal, with presentations of awards at official work meetings or Years of Service ceremonies for example – or it can be informal, such as a note from a co-worker or manager - even day to day like an Instant Award/On the Spot Recognition Program. There are many ways to recognize employees for good work, but the most important thing is, to be truly effective, it has to be frequent, fair, heartfelt and consistent.
Making recognition a part of your overall engagement strategies can help establish a culture that encourages employees to be at their best and ultimately help your company grow.
C.A. Short Company partners with companies to manage, drive and facilitate increased employee engagement to increase financial performance, productivity, quality, and core performance outcomes. Our process and research-based platform