Lastly, formal recognition is more structured. A ceremony or special event is usually held along with the nomination and selection process.
There are fewer formal recognition programs, and they usually require a larger budget and more planning.
Regardless of what type of recognition you are using - or if you are using all three - it needs to be meaningful to your employees.
Employee Recognition Best Practices
You need to keep a few important details in mind in order to provide meaningful recognition.
Meaningful recognition comes first and foremost in a timely manner. Don't wait until an employee's annual performance review to recognize him or her. By giving them recognition on a regular basis, you will keep them motivated and engaged. Thus, you become a part of their culture.
Relevant and specific recognition is also meaningful. Tell your employees why they are being recognized when you recognize them. Thanking them isn't enough. Talk is cheap.
Thank your employees and let them know how their actions impacted you and the organization. By being specific, you encourage repeat behaviors, set clear expectations, and promote company values.
It is also important to remember that recognition can take many forms. The use of different forms of recognition keeps things fresh and fun, and it also reaches different groups of employees. Employees may be less enthusiastic about public recognition in company meetings but save every note or card they receive.
To avoid common pitfalls, make sure your recognition program supports your company's mission, values, and needs.
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