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Importance Of Recognition By Peers
Boosting productivity is at the top of every business’s priorities. Although there are many resources that businesses can use to encourage productivity and improve their competitiveness, too many of them think they need to look outside the organization for help. The truth, however, is that businesses already have the resources in place to boost their productivity and become stronger competitors, and that resource is their workforce. A highly motivated and fully engaged workforce can be more effective at building strong customer relationships and enhance a business than innovative products or more efficient operations ever could. Although many businesses understand this and use employee recognition programs to enhance engagement, a lot of them still look outside the company for those programs. Once again, the human resources business can be leveraged much more effectively to achieve the goal of a more motivated and engaged workforce — and peer-to-peer recognition programs are the tool to do it.
Peer-to-peer recognition programs can be more effective than recognition from the upper level of the organization. That’s because when employees receive recognition from one of their co-workers, it comes with an added sense of authenticity. If an employee feels appreciated by someone who does largely the same job he or she does, that feeling has been shown to have lasting positive impact on that employee’s engagement. It also can have a powerful effect on employee retention by forming stronger bonds between co-workers. Given how vital employee engagement and retention are to a company’s long-term success, peer-to-peer recognition can be a significant boost to any company.
Creating and implementing a peer-to-peer recognition program is a great way for a business to tap into the potential of the human resources it already has. In turn, that potential can kickstart greater engagement and motivate employees to reach new heights of performance. The following guide details some of the key elements of peer-to-peer recognition programs and how they can be implemented.
Basics of Peer-to-Peer Recognition from: Award Concepts
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