Peer to peer vs leadership recognition, in truth injecting both of these, will invigorate the culture of your company.
Peer to peer recognition is essential for several reasons and encourages employees to feel valued within a team. It helps to create a positive culture giving a sense of connection and belonging to your employees, especially for the quiet achievers who can sometimes be overlooked on larger teams. The additional benefits include reduced turnover, an increase in productivity as well as overall employee sense of wellbeing.
When incorporating peer to peer recognition in your organisation, you’ll build a workplace culture where employees feel engaged, connected, and part of a high performing team. You’ll create a workplace where employees thrive and work together to achieve success.
While peer to peer recognition is essential, you can’t ignore the statistics that 50% of employees believe being thanked by Managers improved not only their relationship but also built trust with Managers. One of the significant differences between peer to peer recognition and leadership recognition is that leadership recognition involves the opportunity for career growth for individuals and teams within your organisation. As a leader, your recognition goes a long way. Whether it’s celebrating a milestone or giving a simple thank you note, every mention has the power to impact employee engagement and morale. When your team notices you recognise their performance, they will be encouraged to repeat that behaviour and get a boost of extra motivation.
Incorporating leadership recognition and communicating the value of employees and sharing best practices in your leadership training programs is an effective way to encourage leaders to recognise more often and develop your future leaders.
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