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Employees are no longer satisfied with a salary and an occasional brief “thank you” — if they ever were. They expect your organization to recognize their contributions to its continued success, whether those efforts take the form of reeling in a new client, wrapping up a critical project, or simply putting in another day of excellent work. Whether your company wants to retain top talent, engage its workforce, or build a stronger employer brand, employee recognition is the answer.
Your organization needs to stay on top of the latest recognition strategies, or it will cede these and other valuable advantages to its competitors. Let’s take a look at six key employee recognition trends that you can put into action at your workplace today.
Employee recognition trends in 2024
1. Providing frequent employee recognition
Employee recognition won’t make an impact if team members don’t receive it on a regular basis — and companies are taking note. Instead of waiting for annual performance reviews, organizations are now encouraging practices that facilitate frequent recognition, from shout-outs during weekly team meetings, to employee awards, to regularly delivering virtual or in-person messages of thanks.
Implementing frequent recognition requires the adoption of tools that make showing appreciation both easy and engaging. A mobile-enabled employee recognition platform allows managers and peers to recognize each other quickly and conveniently, whenever and wherever the thought strikes them. By making recognition a consistent and fun part of the work experience, companies can foster a culture of appreciation throughout the entire organization.
2. Making employee recognition specific
If you don’t want employees to tune out your words of recognition, you need to ensure they’re actually meaningful. Instead of offering vague congratulations or encouragement, organizations in the know are encouraging managers to tie every instance of appreciation to something specific the recipient has done.
By highlighting exactly what the employee did well and why it matters, your people leaders make it far more likely for team members to repeat these valuable behaviors. For instance, instead of offering a “Nice job back there!” after a meeting, dive into the details, saying “I really appreciated how well you laid out the reporting for last quarter — the data was clear and you really got our point across.” Train your company’s leaders and other team members on the importance of using specific language when they show appreciation to give every employee a clear understanding of the actions that your business values and rewards.
3. Integrating recognition into the flow of work
Integrating recognition into employees’ daily workflows helps it naturally become a consistent practice, rather than an afterthought. Businesses that are serious about employee recognition enable team members to recognize their colleagues without disrupting their own productivity or interrupting their settled routines. To empower your own workforce, look for an employee recognition solution that integrates with the applications your employees already use every day, like Slack, Teams, and Workday, and ensure it’s accessible from whatever device they prefer to use. Team members will soon develop the habit of providing recognition every time they have a reason to give thanks, building a sense of community among your employees.
4. Offering scalable, personalized rewards
Instead of one-size-fits-all rewards, organizations can now offer a variety of options that cater to the diverse preferences and needs of their employees. From gift cards, to memorable experiences, or to merchandise team members actually want, personalized rewards create an emotional connection between workers and your organization. Personalization demonstrates that team members are valued as individuals, instilling feelings of loyalty and commitment whenever they think about the rewards they’ve received.
Flexible recognition platforms that offer a wide range of reward options are the simplest way to individualize rewards at scale. Find a solution that’s backed by a marketplace featuring millions of choices from brand names employees love. And if that platform lets any team member give and receive reward points they can redeem in the built-in marketplace, so much the better.
5. Adopting an accessible employee recognition platform
Online recognition and rewards platforms are twice as likely to drive business results as offline recognition programs, according to HR leaders. They act as a centralized space where every employee can share and receive recognition, while taking a look at all the messages of appreciation their colleagues receive. This enhances the visibility of recognition efforts across the organization and contributes to a positive, communal environment. These solutions also democratize monetary recognition through points-based reward systems that involve all team members.
Last but not least, employee recognition platforms make it easy to track participation in your recognition program and assess its impact. Important metrics like activation rate, number of active users, and rewards given reflect how much of your workforce is actively engaging with your program. To measure the success of your recognition initiatives, gather feedback from employees with tools like HR chatbots and pulse surveys, along with both group and individual meetings with team members. Your company can use these tools — preferably packaged in an employee engagement platform — to track high priority key performance indicators (KPIs), like retention rates and holistic engagement scores. Regularly assessing these KPIs helps obtain additional buy-in from important stakeholders and identify ways to improve your company’s employee recognition initiatives.
6. Promoting your company’s employee recognition program
Your HR team can put together the best employee recognition program in the world, but if team members aren’t made aware of it — and reminded of how and why to participate — all it will represent is a waste of resources. Promote your company’s recognition program with a range of strategies, from updates on its impact, to highlighting specific recognitions, to awarding those who provide or receive the most recognition. Consistent and enthusiastic communication reinforces the central place showing appreciation occupies in your company culture.
Be sure to involve senior leaders in promoting the program as well to signal the high priority your organization places on recognition. Your company should also publicly recognize employees during team and company-wide meetings. This will inspire other team members to strive for excellence and actively engage with your recognition program.
Lean into 2024’s employee recognition trends
What better way to stay current with the ever-evolving ways employees want to be recognized than with a science-backed, cutting edge employee recognition and rewards platform? The Achievers Employee Experience Platform is centered around its recognition solution, Achievers Recognize. From best-in-class rewards and a history of results — from reduced voluntary turnover to enhanced workplace safety — Achievers Recognize is dedicated to improving company culture through high-frequency, high-impact recognition. The Achievers Employee Experience Platform also gives your people leaders access to accurate data on how your recognition program is landing, thanks to the confidential feedback tools of Achievers Listen — including always-on, intelligent HR chatbots.
Integrations with the most popular workplace tools and leading HRIS solutions means that team members can seamlessly recognize and give feedback while working in the apps they use every day. It’s no surprise that employees at companies that use Achievers are 31% more likely to receive monthly recognition than those at organizations with other providers.
See how Achievers can help update your organization’s employee recognition efforts with a free demo.
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