You must be having the most hardworking and skilled team in the organization, but you realize that they are not performing well for the last few months! Have you taken out time to recognize them? Yes, you guessed it right; most employees fail to perform well when they do not receive enough recognition. A study highlights that almost 69% of employees feel they would work harder if appreciated more. Employee recognition brings out the best in employees. They feel encouraged and motivated to work. When they receive recognition for their work, they feel valuable and important. In this current era, having an employee recognition software in place will allow you to recognize and reward your employees on time.
The need for recognition in today’s workforce is even more. Employee recognition act as a great tool to improve morale and engage your remote employees. Some of the other benefits of employee recognition includes:
- Reduced Turnover
- Increased Productivity
- Improved Employee Retention
- Improves Collaboration
- Helps in building a positive work culture
Employee Recognition Software Benefits
Given that now we understand how important it is to recognize people for their efforts and the instant gratification it can bring to them, here are five ways in which employee rewards and recognition software will benefit your organization.
Employee rewards and recognition software makes it possible for managers to recognize their employees instantly. When employees fail to receive recognition on time, they lack enthusiasm or encouragement towards their work. Furthermore, in the absence of an employee rewards software, employees sometimes have to wait for the half-yearly or annual reviews for recognition. It reduces the impact recognition has on employees. As a result, it does not create a significant impact on them. For recognition to be effective, it should be done on time.
‘Late recognition is equal to no recognition.’
Data-Driven Performance Management
Recency biases often cloud the judgment of managers in yearly or half-yearly reviews. It is a type of cognitive bias in which managers judge their employees based on recent events. They tend to ignore past achievements. Additionally, most managers are not responsible for a single team; they have many to manage. It becomes difficult for them to keep track of everyone’s achievements. Consequently, the employees feel ignored and are left unhappy and unsatisfied after a review. On the other hand, employee rewards and recognition software helps in tracking performance over time. It helps managers to make performance-related decisions based on data and insights.
Easier and Simplified Process
Employee recognition software not only helps in instant recognition but has made the whole process a lot simpler. In addition to reducing the time taken, it has reduced some of the problems associated with offline processes.
Using an employee recognition system has made the job of HR a lot easier. In the traditional process, they were the ones who were involved in planning and coordinating the recognition programs from start to end. It was time-consuming and tedious. In the presence of software, managers/leaders can directly recognize their employees. It reduces the need for unnecessary communication between different members of the organization.
Recognize From Anywhere
Now managers need not wait or need to be in front of their office computers to recognize their employees. They can do it on the go and from anywhere in the world. Most employee rewards and recognition software are designed to work on multiple devices and platforms. It should be accessible anywhere on phones, tablets, and laptops with internet connectivity.
Research by WorkHuman (previously Globoforce) highlights that 41% of organizations who use peer-to-peer recognition reported an increase in customer satisfaction.
Employees not only like recognition from their bosses or managers but from their peers too. Most employee recognition software comes with an inbuilt feature where peers can praise each other. It reduces unwanted collaboration and improves the bond between the team members. As a result, it increases the productivity and engagement of the team.
While choosing the best employee recognition software for your organization, consider the above benefits. Employee recognition is one of the strategic tools to engage and develop your workforce. By adopting an employee recognition platform, you can create a dynamic and engaging workforce who are always ready to go one step ahead to achieve organization goals.
Are you planning to invest in employee recognition software for your organization? Then request for a live demo.