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How to use a 'Reward & Recognition' tool to build a stronger company culture.

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Showing appreciation to your staff is crucial to ensure that they feel respected and valued. In this article, we'll explore why appreciating your employees is so important and how to create a culture that emphasises recognition and gratitude.

What is employee recognition?

Employee recognition is the act of acknowledging and appreciating an employee's contributions, efforts, and achievements within an organisation.

It goes beyond the routine aspects of compensation and benefits, focusing on the emotional and psychological aspects of the employee-employer relationship. Employee recognition can take various forms, including verbal praise, written commendations, awards, bonuses, promotions, or even simple gestures of appreciation.

The primary goal of employee recognition is to reinforce positive behaviours, boost morale, and create a sense of value and belonging among employees, fostering a more motivated and engaged workforce.

Employee recognition is inextricably linked to employee engagement, retention and performance.

 What is a reward & recognition tool?

An employee reward and recognition platform is software that helps deliver a company culture where employees are acknowledged for their contributions and where celebrating employee accomplishments is the norm. Many of these tools, such as Mo, provide reward stores where team members can enhance their social posts of thanks with rewards.

By utilising employee recognition platforms, HR teams can significantly reduce the time and effort required to provide rewards to their staff while ensuring that recognition practices remain consistent across the organisation.

Mo offers more than just appreciation; it includes features that assist managers in improving employee engagement and enhancing team performance.

How to use a reward and recognition tool.

 A reward and recognition tool is best used when you follow these steps:

  1. Align rewards with company values

To reinforce your company's culture, ensure that the rewards you offer align with your core values. Recognition should highlight behaviours and achievements that exemplify your culture, reinforcing the importance of these values to your employees. In Mo, you can upload custom rewards to your reward store, tailored to your company culture.

  1. Make recognition frequent and timely

Do not limit recognition to annual awards or quarterly meetings. Modern recognition tools like Mo enable real-time appreciation, allowing managers and peers to acknowledge great work in the moment. This fosters a culture of continuous appreciation and motivates employees to consistently perform at their best.

  1. Encourage peer recognition

Peer-to-peer recognition can be as powerful as manager-driven recognition. Encourage employees to recognise and appreciate their colleagues' contributions. This not only strengthens team bonds but also promotes a culture of gratitude and teamwork. In Mo, you can provide every employee a £10 monthly reward to share with someone who has helped them out.

  1. Provide meaningful feedback

Incorporate feedback mechanisms into your reward and recognition program. Encourage managers to provide constructive feedback along with recognition, helping employees understand how their actions align with the company's culture and goals.

  1. Showcase success stories

Highlight success stories and exceptional achievements within your organisation through your recognition tool. This not only inspires others but also reinforces the desired behaviours and values that contribute to your company culture.

  1. Measure and iterate

Use data and analytics from your reward and recognition tool to measure the program's impact on your company culture. Are employees more engaged? Is turnover decreasing? Use these insights to refine your approach and make continuous improvements.

  1. Communicate transparently

Keep your employees informed about how the reward and recognition program works, including eligibility criteria and the types of rewards available. Transparency builds trust and ensures everyone has an equal opportunity to be recognized.

A strong company culture is a competitive advantage that can drive employee satisfaction, retention, and overall business success. By leveraging a reward and recognition tool strategically, you can reinforce your company's values, boost morale, and foster a culture of appreciation and engagement.

Remember, building a positive culture is an ongoing effort, and a well-implemented reward and recognition program can play a significant role in achieving your cultural goals.