1. Recognizing key employee achievements drives engagement and business success.
2. Organizations must acknowledge four significant achievements: achieving challenging sales targets, developing innovative solutions, attaining high customer satisfaction levels, and improving the overall work environment.
3. Recognizing these accomplishments boosts employee motivation, satisfaction, and commitment, leading to a positive work atmosphere and organizational growth.
The best employee recognition programs focus on employees’ achievements. Organizations must recognize specific employee achievements critical to driving business growth and success.
To develop an appropriate strategy, organizations must first understand the impact of recognizing their employees’ achievements on their engagement.
Most people cherish the need to be appreciated for reaching a milestone, both in their personal and professional lives.
In organizations, celebrating employees’ achievements can enhance their satisfaction and self-worth.
Employees feel assured that their efforts are appreciated and considered valuable for the business when they are recognized for their achievements.
It also fills them with a deep pride for their efforts and achievements.
All these factors combine to improve the employees’ overall engagement level and commitment to the organization.
Based on the results of an experiment conducted by him to understand the correlation between recognition and motivation, Dan Ariely, a professor of Behavior Economics, has stated that ignoring people’s performance is almost as bad as destroying their work in front of their eyes.
A study conducted by Make Their Day and Badgeville also revealed something similar when it found that 83% of employees considered being recognized for their contributions to be more fulfilling than receiving rewards and gifts.
Organizations find recognizing employees for their achievements challenging due to their sheer numbers.
Recognizing specific achievements is extremely difficult and even impossible for an organization.
However, there are certain achievements that organizations simply cannot afford to overlook. These should form an integral part of their employee recognition strategies.
The most important of these achievements are as follows:
1. Achieving Challenging Sales Targets
2. Developing Innovative Solutions
3. Attaining High Customer Satisfaction Levels
4. Improving The Overall Work Environment
Most organizations often set challenging targets for their sales teams.
Many times, achieving these targets may prove more challenging for various reasons, such as a sudden decline in demand, challenging market conditions, or even changes in competitor strategies.
Organizations should recognize sales executives or sales teams if they can overcome all challenges and achieve the assigned targets.
Recognizing employees with consistently high sales records well beyond their assigned targets is equally important.
This is essential to motivating them to continue their excellent work and inspiring other team members.
At a large financial services company, the salespersons who meet or exceed their sales targets are rewarded and recognized using the HiFives platform. The award winners receive e-certificates and reward points over email and WhatsApp. The awards are published on the platform where other employees can see and congratulate the winners.
Organizations today are increasingly focusing on making their workplaces happier and healthier for their employees.
Employees often feel inspired to develop innovative solutions for the various business problems faced by the organization.
Acknowledging and appreciating the efforts and achievements of such innovative employees can go a long way in boosting creativity and innovation in the organization.
It can also lead to discovering employees’ hitherto unknown skills, which can be utilized for business growth.
Employees can submit their ideas and suggestions at a large manufacturing company through the HiFives platform. The best ideas are reviewed and approved by the managers and department heads in the system itself.
The winners receive e-certificates and reward points over email. They can redeem their reward points on HiFives for e-gift cards of their choice. Their names are also published on the platform, where other employees can like and comment on the posts.
Ensuring the happiness and satisfaction of their customers is the primary objective of most business organizations.
It is extremely important to recognize and reward employees who might have been responsible for higher customer satisfaction.
Not only the employees who constantly interact directly with the customers but also those who work in the background might be responsible for maximizing customer satisfaction.
Identifying such employees and appreciating their efforts helps drive higher employee engagement and fuels the organization’s business growth.
At a global IT services company, managers can use the HiFives platform to nominate their team members for spot awards based on positive customer feedback. The employees who are awarded receive e-certificates, reward points, and instant social visibility on the platform.
Organizations worldwide have been focusing on developing a happy and positive work environment to improve employee engagement and efficiency.
Recognizing employees who contribute to the development of a positive work environment and support and collaborate with their co-workers is critical to the organization.
Organizations should recognize employees who add a fun element to the work environment and make it relatively stress-free.
In addition, members of the workforce who might have achieved the distinction of going beyond their call of duty to help their colleagues also deserve recognition for their efforts.
At a retail company, store associates can instantly recognize their coworkers for demonstrating the organization’s core values using the HiFives platform on their mobile phones. The recipients receive e-cards, and their names are posted on the HiFives platform’s wall of fame.
There are certain employee achievements that organizations must recognize to create a significant impact on the overall engagement of the workforce, resulting in higher business growth and profitability.
Lead author: Sagar Chaudhuri, the Co-Founder and CEO of HiFives. He is an HR Tech Evangelist with over 25 years of corporate and entrepreneurship experience. In the past, Sagar has worked in leadership roles with companies such as Genpact, Infosys, and ICICI Bank. He has an engineering degree from IIT Kharagpur and an MBA from IIM Lucknow. Connect on LinkedIn
To stay updated on the latest HiFives blogs, follow us on Twitter (@MyHiFives)