Recognition has long been part of the organizational strategy, however, over the last few years, there has been a new trend developing.
The “years of service” tenure programs that were considered a primary tool for employee motivation….has given way to a new more sophisticated re-engineered approach.
Expect to see more companies investing in these high-tech recognition platforms with the following trends embraced and implemented.
1. Recognition as a critical business process.
With the new focus on timely recognition, leaders can go beyond simply motivating a team and focus on behaviors that actually drive success. With this purpose, recognition becomes an efficient way to reinforce positive behaviors that lead to measurable business outcomes.
2. Corporate culture the new buzzword
As more and more baby boomers leave the workforce, the resulting talent gap will create a battle for the best employees. Many of the millennials filling the gap, will be choosing employees based on specific corporate cultures- cultures where recognition is an integral component of the work environment. Smart organizations will use recognition to promote the elements that make up a strong culture….like innovation, people development, and big thinking.
3. The power of social recognition.
Recognition platforms that model social media app’s like Facebook and Twitter – with status updates and the ability to comment- will make it easier for employees to recognize each other and reinforce the behaviors that make a difference.
4. Driving mission and core values
Too many CEO’s and managers focus on bottom-line results without thinking about how it feels to slog away and work without anyone saying thanks. Modern platforms allow companies to use recognition to reinforce their core values and business objectives… like customer service, innovation, teamwork, or even revenue or cost-cutting goals, making recognition an integral component of increasing productivity.
The bottom line is….for CEO’s and managers to be effective, they need to understand the psychology of praising others for their good work. After all, appreciation is a fundamental human need and employees respond to appreciation expressed through recognition of their good work because it confirms their work is valued. When employees and their work are valued, their satisfaction and productivity rise, and they are inspired and motivated to do even better work.