Having a sense of appreciation at work is essential for employee engagement, well-being, and job happiness. Employees are more likely to be engaged, driven, and productive when they believe that their work is appreciated and that their contributions are acknowledged.
Small gestures, such as a thank you or a reward, go a long way in making your employee feel appreciated. This blog discusses how you can encourage employees to appreciate each other. Keep reading to see how the peer-to-peer (P2P) revolution of appreciation can yield many benefits for your organization.
Benefits of the P2P Revolution
Peer-to-peer recognition has proven to yield transformatory results. Workplaces' hierarchical structures may often make it challenging for employees to get feedback or recognition on time. Peer feedback and recognition can help them get insights into their performance from an unbiased perspective. Some of the benefits are:
Community-Building
A culture wherein workers try to encourage and value one another improves employee relationships. Bringing employees closer together fosters a sense of community at work, which is highly advantageous in the workplace and a top priority for today's workers.
Retention
Employees feel content working in an environment that values recognition and acknowledges efforts.There is a lower chance of employee churn when they feel encouraged and pleased at work.
Improved Corporate Culture
Peer recognition is essential for raising employee engagement and motivation. Recognizing all contributions—big, small, day-to-day, or special—inspires employees to work harder at their jobs.
Peer recognition and feedback encourage employees to go above and beyond and boost job satisfaction. This indirectly benefits the bottom line and fosters a strong corporate culture. According to a recent joint survey conducted by Workhuman and Gallup, when workers feel a connection to their organization's culture, they are 68% less likely to experience workplace burnout.
Diversity and Inclusion
Diversity and inclusion have grown in importance in corporate environments in recent years. Divergent opinions, personalities, and skill sets are crucial in a firm. However, it can not be easy to give each group a feeling of identity, and there’s only so much you can do as the HR. You can implement DEI initiatives all you want, but if the people working day-to-day jobs do not show their support, it’s not very beneficial.
You can alleviate this by putting in place a peer-to-peer recognition program. When co-workers value one another's distinct backgrounds and skill sets, they provide others with a sense of inclusion.
How to Make It Work?
Having understood the benefits of a peer-to-peer recognition system, we must understand how to implement it as well. Let us see how you, as an HR manager, can encourage P2P recognition in your organization:
Digital P2P
This is the day and age of modern technology. So, use it to promote peer-to-peer recognition and get those happy vibes flowing. For example, you can allow your employees to send their colleagues stickers or virtual cards as a token of their appreciation after they complete a task and share virtual feedback using their dashboard.
Get creative with using technology at your workplace for such recognition programs. With the increasing use of AI and machine learning algorithms, your options are wide open.
Wall of Fame
Employee morale can be raised by publicly praising them, whether your wall of fame takes the form of a post on your company intranet, a central wall in a main section of the building, or digital bulletin boards around your office. Every month, ask your staff to suggest a worker’s name for the wall of fame—and do it for different departments within your company. Then, choose the worker who has accumulated the most votes or positive feedback for recognition. Checking bias and ensuring a fair review and result are essential steps here.
Present Team Awards
One person doesn't necessarily have to take the stage every time. Employees often get happy about sharing a team's accomplishments. So, have your group members write comments to each other expressing gratitude for helping out and going above and beyond, and ask them to come up with a recognition for every member. Then, present this recognition as an award at a team meeting or—if it’s about a really important project—at the annual general meeting.
Modeling
It goes without saying that employees pick up on your behavior and model the same at the workplace. So, you must appreciate your colleagues, too. They will likely model your behavior.
Ensure Timeliness
Imagine one of your co-workers or team members finishing a significant project after putting in a full week of effort. Surely, you appreciate their work—but only after another two weeks or so. This creates a negative impact rather than a positive one. It might send a message that you couldn’t find a single moment to say ‘Hey, great work!’ in the past two weeks.
Time is of the essence. Create a program that notifies your staff members of peer contributions immediately. Then, use feedback tools and apps that remind employees to send their feedback and their appreciation timely.
Final Thoughts
It is now more important than ever to understand the power of peer-to-peer recognition. It builds community, boosts retention, and enhances the corporate culture. HR managers can promote P2P recognition through digital platforms, public acknowledgment, team awards, and leading by example. Timely recognition is crucial for its effectiveness. Pick and choose what works for your organization and build from there.
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