2024 Baker's Best - 42

TOP RECOGNITION PROVIDERS
at ZayZoon can recognize each other through shout-outs.
These words of praise are typically linked to one of the
company's core values: trust, mastery, hustle, and being
people-driven. By aligning public recognition moments to
the mission of the organization, company culture can be
brought to life.
Another consideration is there's often not a one-sizefits-all
approach to recognition and it's even more true
today. With four generations in the workforce and
a mix of in-office, hybrid, and remote employees,
it's critical for HR leaders to have a clear understanding
of individual preferences.
" Not only is it important for employers to have different
ways to demonstrate recognition, but also to train their
managers on how to recognize the way that employees
want to receive praise, " says McGill. " Would the employee
prefer a public announcement, or would the attention
make them uncomfortable? Managers need to know
how to meet their people where they are. Recognition in
the workplace doesn't have to be a grand gesture to be
effective, if the form it takes is tailored to the recipient. "
Different employees will have different preferences, and
according to LinkedIn, HR can use tools such as surveys,
pulse interviews, and feedback mechanisms to get a
better understanding of what motivates their workers.
Armed with this information, programs can be developed
to suit the needs of all workers. HR will benefit by
offering all-encompassing programs that include:
„ both formal and informal recognition;
„ monetary and non-monetary rewards;
„ public and private acknowledgements;
„ and manager and peer-to-peer recognition.
A mix of awards often drives employee engagement
within the program, delivering that sought-after
impact. " Employers can leverage public appreciation,
performance-based bonuses, or experiential rewards like
additional vacation days, unique experiences, and PTO for
personal development, " suggests McGill.
Reward Gateway's report finds that one-third of
employees think consistent and frequent recognition is
more important than a 10% pay raise. And McGill agrees.
" Today, employees expect more than just a paycheck
and good benefits from their workplace, " she says.
[42]
BAKER'S BEST 2024 - www.hrotoday.com
With four generations in the
workforce and a mix of in-office,
hybrid, and remote employees,
it's critical for HR leaders to have a
clear understanding of preferences.
" They want to feel valued and being recognized for their
contributions and efforts is becoming just as important to
them as their paycheck. "
At the crux of it, intentional and personalized recognition
programs:
„ highlight good work;
„ encourage confidence in employees' abilities;
„ strengthen employees' sense of value and belonging
within the workplace; and
„ boost employee morale.
The results to the bottom line? " Embracing genuine
recognition strategies can have a positive ripple
effect from higher employee engagement to overall
organizational success, " explains McGill. " Data shows that
employees who receive strong recognition have an 89%
higher sense of determination and drive, generate two
times as many ideas per month, and are 33% more likely
to be proactively innovating. "
http://www.hrotoday.com

2024 Baker's Best

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