EMPLOYEE RECOGNITION

The Benefits of Employee Recognition Programs

At Rippl, we’re all about creating workplaces where every employee is seen, heard and valued in their contributions. Because happy people create happy businesses. And when employees feel appreciated, they are inspired to deliver their potential.

Plus, gone are the days when employees simply clock in and out for a paycheck. Today’s workforce is seeking more – they’re seeking meaningful work that aligns with and champions their personal values. Companies that prioritise employee recognition are seeing the benefits of a more engaged, purpose-driven team.

However, the benefits of employee recognition programs often go overlooked or underutilised by HR teams, leading them to lack impact. So, we’re here to dive into what exactly the benefits of effective recognition are for employees and how businesses can effectively implement these.

6 Benefits of Employee Recognition

Employee recognition doesn’t need to be rocket science – but it does need to be delivered with purpose and take a human-led approach for it to result in positive impact. So, here are 6 ways employers can reap the benefits of effective recognition within each corner of their business.

Employee Recognition Benefits

Attracting and Retaining Top Talent

In today’s competitive landscape, the experience employers deliver to their workforce is now more important than ever, with significant reputational damage at risk for those neglecting this. Competing to attract and retain the best talent requires a brand to stand out in their commitment to an empowered, supportive and inclusive workplace that genuinely values its people. Employee recognition is key to tangibly demonstrating this commitment.

Our partnership with Asda demonstrates the power of effective recognition and reward on their employee turnover rates, with those who are regularly outwardly appreciated for their work representing under a third of the overall staff turnover. This is a key example of how effective recognition, especially when elevated by reward, can be a crucial retention predictor, particularly in traditionally higher turnover, ‘revolving door’ industries such as Retail and those with predominantly frontline employees.

deskless workers

Employee Recognition Benefits

Boosting Workforce Productivity

In addition to instilling a strong and positive workplace culture, effective employee engagement has been found to boost workforce performance and productivity by up to 18%. Aside from the motivational value of recognition, this can also be leveraged in the form of incentivising colleagues with shoutouts and rewards for achieving a key target or milestone. Employee incentives not only create a sense of community, but champion visibility of individual and team objectives to be kept front-of-mind to deliver tangible results.

Employee Recognition Benefits

Increasing Team Collaboration

Employee recognition is also key in increasing collaboration across teams. Often, recognition is thought to fall to managers and leaders only, and whilst it’s important this is spearheaded by senior colleagues, an effective culture of multi-level recognition is crucial for championing a collaborative culture at all levels. Enabling colleagues to outwardly recognise and celebrate their peers’ achievements enables employees to feel seen and valued from multiple perspectives, whilst also creating a domino effect in inspiring others to replicate recognitions towards those they collaborate with.

Our brilliant customer, Emma Bridgewater, designed the ‘My EB’ platform with Rippl to optimise collaboration and recognition between their non-management colleagues, particularly crucial for a dispersed business operating across 7 different UK locations.

Employee Recognition Benefits

Create Connection

In the modern world, many businesses operate across dispersed teams who work remotely, nationally or even globally, often split between desk-based and frontline roles. As a result, maintaining engagement and connection across the entire organisation is a common challenge for employers.

Recognition programmes play a fundamental role in bridging this disconnect and unifying the workplace experience for all. The programme centralises a community of empowerment and inclusion, providing critical visibility of colleague departments that often remain disparate. Outward recognition of wins big and small across every department brings purpose and alignment to employees’ day to day, in a workplace that connects everyone – from remote workers to deskless heroes.

Betfred partnered with Rippl to connect, recognise and reward their global teams across the UK, US and Gibraltar across a variety of different settings, streamlining engagement for all in the ‘B-Hive’ desktop and mobile app.

rewards and benefits strategy webinar

Employee Recognition Benefits

Improve Team Wellbeing

As burnout is a key challenge in today’s landscape, with two-thirds of employees reporting they experienced this in 2023, employers need to make proactive strides in creating a workplace that authentically champions its people’s wellbeing. Recognition represents a key pillar of wellbeing strategies in tangibly demonstrating employers’ commitment to the happiness and satisfaction of their workforce.

Whether it’s a simple ‘thank you’ or one elevated with reward, when employees feel valued for their work, they understand their contributions are appreciated by a business which values them. When recognition is embedded into the core of wellbeing strategies, inclusive of holistic support, tools and services, employees feel healthy and happy at work, empowered to deliver their potential.

4 Measurable Criteria for Employee Recognition

Now we’ve covered the benefits of employee recognition programmes, how can these be translated into measurable outcomes to deliver not only the best impact to employees but demonstrate tangible influence on key business metrics? When delivered effectively, recognition programmes have a multitude of data-led criteria to measure their reach and impact. This is where the power of recognition software comes in. By leveraging a recognition platform, HR leaders trump manual, offline approaches to recognition by not only saving time and scaling reach, but showcasing numbers and metric-led outcomes. Let’s explore what these look like.

Measurable Criteria

Programme engagement and adoption

An effective employee recognition platform will show real-time data surrounding programme adoption and engagement. This will include the percentage of the workforce that has activated a user account within the platform and downloaded the mobile app, plus summarise an overall programme engagement level and what typical user activities look like.

This should be summarised as an active user rate, with the ability to break this metric down by department and team to identify trends across different areas of the business, and identify opportunities for improvement. Of course, by investing in an employee recognition platform that’s mobile accessible and enables push notifications, overall programme adoption and engagement rates will be optimised.

employee benefits for 2024

Measurable Criteria

Recognition and reward distribution

Now to look at the core elements of the programme itself – the distribution of recognition and rewards. This shouldn’t just focus on total volume of recognitions delivered, but how many individuals have given and received a recognition, the split between manager and peer recognitions, how frequently reward is given and its typical value, and reward redemption rates.

It’s key to understand how recognition and reward is distributed across departments and demographics within the organisation to ensure this remains fair and equitable. Again, this is where the power of employee recognition platforms comes in – good software will evidence real-time data around each of these dimensions at the touch of a button. An even better solution will ensure any unclaimed rewards are refunded back into the budget spend at their expiry point.

Measurable Criteria

Feedback

Alongside the data metrics, feedback from all levels of the business is crucial in providing insights around the recognition programme’s impact. This can be feedback collected directly around employees’ experience of their programme itself, as well as assessing overall satisfaction levels of the business more generally.

Gathering feedback should collate quantitative metrics around engagement and job satisfaction, as well as offer qualitative opportunities for new improvements and ideas. Insights provided in annual engagement surveys should also see improvement since the employee recognition programme was implemented.

Measurable Criteria

Wider People metrics

Finally, an effective employee recognition programme should deliver tangible benefits to key business metrics relating to engagement, productivity and retention. A good recognition platform will draw a clear relationship between programme engagement rate and employee retention, for HR teams to instantly correlate this.

Similarly, metrics such as turnover, time to hire and goals met by department and organisation should be benchmarked upon programme launch and see measured improvement in its first 3, 6 and 12 months.

Implementing a Successful Employee Recognition Program

At Rippl, we don’t believe in average approaches to employee recognition. We enable leading brands to deliver multi-level, multi-dimensional recognition programmes to their remote, frontline and global teams by placing a branded, personalised engagement app in employees’ pockets. We do engagement differently through:

  • World-class recognition which celebrates triumphs big and small for individuals and groups, enabled for both managers and peers, incorporates value-based recognition and delivers customisable award nominations.
  • A branded desktop, iOS and Android engagement app that ditches the digital clutter and places recognition, rewards, and benefits under one roof, making life simpler for everyone.
  • Customisable programmes that not only reflect your company’s unique brand but enable you to add on and take off modular features so your platform evolves with your business.
  • Refunding unredeemed rewards, ensuring your investment goes the distance and anything unclaimed goes back into your budget pot.
  • Elevating the recognition and reward experience by streamlining your employee benefits into your platform, with the option to add new perks into your portfolio.
  • Streamlining communication and wider engagement features into your platform including a social timeline, feedback, surveys and community groups to amplify employee voices and bring everyone together.
  • Enabling easy and mobile access to discounts and savings to 300 retail, hospitality, travel and leisure brands, avoiding complicated and lengthy processes.

FAQs on Employee Recognition

Employee recognition shouldn’t remain exclusive to managers offering praise for exceeded targets or exceptional performance. Effective recognition remains agile and holistically celebrates the value of every employee. This can include peer recognition, internal award nominations, milestone or anniversary recognition, as well as celebrate employees’ wider contributions – see our blog on 14 examples of powerful examples of employee recognition.

In today’s competitive landscape, delivering an effective recognition and rewards program is a way for businesses to tangibly demonstrate their commitment to employees and their wellbeing. Recognition and reward create a positive, inclusive workplace where employees feel valued, seen and heard for their contributions, and therefore feel inspired to unleash their full potential.

Building a culture of recognition from the ground up can feel daunting. We believe there are 7 key phases behind this to ensure the programme is agile, multi-level and championed at all levels of the business – grab a coffee and download our 7 Steps to Build a Culture of Recognition guide.

Recognition should be as brilliantly unique as every business. It should also reflect the organisation’s wider goals – whether that’s to improve engagement, incentivise employees, strengthen business culture, elevate employer brand or restore connection across dispersed teams. Take a look at how our customers are leveraging the power of recognition to achieve their goals.

Holistic approaches to delivering recognition are fundamental to ensuring the programme remains inclusive of celebrating all talent. Enabling multi-level recognition that values performance outside of exceeded KPIs, as well as marks national and cultural holidays alongside employee anniversaries, ensures employees feel seen and heard. Critically, data insights are crucial to understanding the distribution of recognition and reward and if there are any gaps or disconnects that need to be addressed.

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