Research shows that positive reinforcement packs the most benefits for employee performance. If you’re not taking the importance of employee recognition into account in your business, you could be missing out on some major growth.
Even if you’re diligent with annual performance reviews, you should consider adding individual achievement recognition to your regime.
Read on for our guide on the importance of employee recognition.
The importance of employee recognition isn’t a new concept in the workplace. However, most protocols are falling short of the mark, despite the best intentions. If your business is still getting by on annual performance reviews alone, you may want to consider alternative methods.
Annual performance reviews have been the standard practice of most businesses for quite some time. On paper, it makes sense. Give an employee a year, schedule a meeting, and prepare a thoughtful list of their strengths as well as areas that need improvement. Conclude it with (or without) a pay increase and you’re done, right?
Despite its popularity, this method is problematic for many reasons. Here are a few of the problems with annual performance reviews:
Do you want to provide an ideal breeding ground for positivity and improvement? Supplement your annual performance reviews with individual achievement recognition for your employees. That way, they’ll stay motivated and you’ll stay informed about how your business is running.
You are probably aware of the powerful effect of positive reinforcement, so why not carry those benefits to your business? The importance of employee recognition is not something you should overlook.
Your employees work hard to keep you moving forward every day. Although many businesses run like a sophisticated machine, that doesn’t mean your workers want to feel like nameless cogs.
Whether it’s with certificates, plaques, or any other method, give your best employees the recognition they deserve. A reminder of your appreciation will help keep them growing, working hard, and striving to do even better.
Motivation is a key factor in stellar performance and continued growth. By incorporating the importance of employee recognition into your performance review protocol, you could be opening the door to even greater potential for your business.
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