Multiple behavioral attributes of a person are more often than not interdependent. Think of the domino effect here. One push to a single element can induce a chain reaction to several elements in the frame. In an organization, when an employee is recognized, it sets off a chain of similar reactions such as satisfaction, feeling of admiration, willingness, and zealousness to perform, and improved productivity.
One push is all that is needed to trigger a boost in the resourcefulness and effectiveness of your workforce, and what better than recognition and rewards?
Rewards and recognition play quite an impactful role in the retention strategies and employee experience activities of any organization. It is one of the most effective techniques of putting the pedal on the metal of the morale and confidence of the employees of your organization. Employee engagement is being chased after by companies since times immemorial now, and recognizing is a great way to get them there quickly.
Is there an impact of employee recognition and engagement on the retention rate and job application traffic?
Bonusly, the engaging rewards and recognition solution recently released a study, according to which, Highly engaged employees are 2.6 times more likely to work in organizations with a peer employee recognition program compared with disengaged employees. Employees are seeking ways to indulge in the work that they do, the people that they work with, and the company that they work for. Contributing to the growth, success, wellbeing, and reputation of the firm, in any positive way, deserves appreciation and celebration. And a work environment that fosters admiration for one’s work and efforts is not only desirable but also strategically rewarding to all the parties involved.
Today, the market is capable of offering a variety of distinct solutions and platforms that promise to deliver the best R&R experience for the employees. But, not necessarily each and every one of those platforms will fit the needs and requirements of your organization. It all comes down to the workforce of your organization and what is it that they desire.
What are the attributes that present-day R&R solutions are offering?
Semos Cloud that recently showcased its leading employee recognition and rewards platform on SucessConnect shared the latest of its product innovations. These innovations are focused on multiple integrations with collaborative tools, social sharing, e-Gifts, e-Cards, earn points and subsidy campaigns, donations catalog, central API rewards hub, SAP CPEA, and improved dashboard. This makes Semos Cloud an end-to-end employee recognition and rewards platform that covers a variety of attributes as well as product offerings.
Another feature that’s extremely important, but often overlooked in this particular arena, is the degree of customization needed when recognizing or rewarding separate individuals. A Skydiving gift will be loved by an adventurer but hated by an acrophobic. Fond, that has been rated #1 employee recognition by G2 offers analytic capabilities for the rewards program, to measure its effectiveness and usage, also offers the scope of customizing the program according to the core values and workforce of the company, instead of offering a one size fits all solution.
Personal recognition, peer-to-peer appreciation, experiential rewards, and engaging work culture are the target attributes that organizations should prioritize when designing an R&R program for optimized productivity stimulating activities and functionalities.
Incentives that possess the capability of making employees feel confident and motivated are the incentives that will contribute to the productivity, experience, and even loyalty of your employees. A thorough and well-thought structure to frequently recognize your workforce at scale will illuminate your pathway towards an active and engaged organizational staff.
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ABOUT THE AUTHOR
Chandrima Samanta
Content-Editor at HrTech Cube
Chandrima is a Content management executive with a flair for creating high quality content irrespective of genre. She believes in crafting stories irrespective of genre and bringing them to a creative form. Prior to working for MartechCube she was a Business Analyst with Capgemini.