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The Power of Recognition

For leaders dealing with hiring and retention issues, employee recognition is probably not their top priority. 

But Mike Byam, Executive Chairman at Terryberry, believes it should be. 

In this episode, he’ll explain why recognition is vital for a healthy work culture, and he’ll break down the specific types of recognition and communication that today’s employees are looking to receive from their employers. 

Leaders should walk away from this episode with a clear understanding of why recognition matters, as well as actionable steps they can take to build recognition into the routines of their business.

Here are some takeaways:

1. Maintain a frequency of recognition.

The desire for recognition isn’t a new want or need. We’ve been experiencing — and thriving off — recognition since the T-ball field. 

As a matter of fact, recognition is the number one driver of engagement in the workplace.

Organizations are forced to increase their recognition measures to make sure they’re connected with the way employees are working today. And there are obviously so many things we measure in business today, and we have to celebrate when we achieve it. 

Your employees probably want to see recognition across the organization instead of from their supervisor alone. It shouldn’t be limited to a single channel. The most effective recognitions programs come from a wide range of individuals.

2. Make your recognition meaningful and timely.

Great work shouldn’t go unnoticed or unrecognized.

When you’re making recognition meaningful, you focus on making sure the words of appreciation are specific about the contribution. They’re also timely.

The closer you are to say something when you see something the better. The recognition should also be tied to demonstrating an organizational value.

3. Most organizations have something in place to recognize tenure.

When we think about performance and incentive awards, these are great objective tools for recognition and acknowledging measurable contribution.

it’s a good systematic habit and a terrific way for leaders and organizations to systematically celebrate great contributions over time.

These are programs you’re probably familiar with, such as milestone awards, sales incentives, customer feedback and communication and safety award programs. 

If you’re a KPI driven organization, there are always ways to celebrate reaching and exceeding goals there.

Mike has generously provided a pdf resource from Terryberry, 5 Ways to Ensure Your Virtual Recognition Event Is Meaningful, to help ensure your virtual recognition events are meaningful.