The people, the operational processes and the products are the three keys to business success. These three aspects must be aligned to maximise the company's long-term profitability. But it is clear that people play a decisive role, The employees are undoubtedly the most important asset, as it is the work they do that leads to the success of an organisation. Moreover, the knowledge, skills and experience of employees are intangible and invaluable assets that secure the future of the company.
Retaining talent has become one of the biggest challenges for any business. As competition for talent increases in the business world, the ways in which organisations show that they value their employees have become more important than ever. Leaders need to get everyone on their team pulling in the same direction. To do this, they can use a number of tools, including job recognition, that can make a difference in retaining talent and increasing employee productivity.. Effort and a job well done should be valued so that workers do not consider better job options and to encourage overall commitment.
The job recognition refers to all the ways in which a company shows appreciation and recognition for the work of employees or any contribution to the business that is linked to the company's purpose, mission and values. It can take many forms, ranging from a simple “thank you” to tax benefits such as the flexible remuneration, through social benefits. In this way, all trade-offs need not be financial.
In any case, irrespective of the approach taken, Job recognition is one of the most valuable tools leaders can focus on.. After all, the creation of an employee recognition programme can give a company a competitive advantage in its industry.
According to the Workplace Climate Barometer prepared by Edenred and the IESE Business School, in terms of job recognition, only 47% of Spanish employees are satisfied with the recognition they receive from their organisation.. The data shows that there is still a long way to go in terms of workplace recognition. Leaders must constantly strive to improve the ways in which they reward employees, primarily to stay ahead of the competition and ensure that workers, the company's most important asset, feel appreciated and valued.
The implementation of a labour recognition programme has the power to impact many aspects of the business, including employee engagement, productivity and talent retention.
Job recognition is one of the main drivers of employee engagement. When employees feel appreciated and valued, they are more likely to actively participate at work, contributing ideas, showing commitment and having a great attitude. In addition, this makes them feel a greater sense of belonging and connection with their co-workers. In this way, the labour recognition is a key tool for building a stronger workforce and ensure that businesses can survive and thrive.
Increased employee engagement translates into higher productivity. Workplace recognition creates a positive work environment, where employees feel appreciated, valued and happy. In this way, employees work more efficiently and put more energy into their work, They feel that their superiors value their efforts. In addition, employee happiness is key to customer satisfaction, which is paramount to the success of any business.
Retaining talent is a critical aspect of any successful business. Employee recognition programmes help reduce turnover rates and increase employee satisfaction. After all, employees who feel appreciated, valued and happy are more likely to stay with an organisation. Job recognition is one of the most effective factors in retaining talent.. By recognising the work and effort of employees, companies can show that they value their employees and want them to stay.
There are different ways to recognise the work of employees.
Dar positive feedback The verbal or written feedback to employees on their performance or achievements is a very simple and effortless way to motivate employees, making them feel valued in the organisation.
In line with the previous point, one way to recognise workers' achievements is to do so publicly, communicating them in team meetings or by producing an internal newsletter so that everyone is aware of their achievements.
Establish a system in which employees are provided with rewards, such as a bonus, additional days off or a payment in kind such as Edenred Gift, for achieving specific objectives or exceeding expectations.
When employees reach 1,5 or 10 years with the company, do something special. Send a internal congratulatory mail or give them some incentive or bonus for their loyalty and effort during those years.
Celebrate and publicly recognise the achievements of the teams, The use of the new technology, not only for individuals, will help to improve the atmosphere in the company, creating a more collaborative climate.
Offer training and development opportunities within the company will motivate employees, helping them to achieve their professional objectives and goals. It is therefore important to take into account aspects such as seniority and people's commitment to the company, and to value their promotion.
In addition, the following can be implemented mentoring programmes. Match talented employees with high-performing mentors to help them develop their skills and achieve their career goals.
Organised by special activities and celebrations to honour achievements. This is a way to motivate staff and can also help attract talent.
It is essential to bear in mind that labour recognition it must be authentic and meaningful, and it must go beyond just material reward.
There is no doubt that employee recognition is key within organisations, as it helps organisations to grow in a scalable way and achieve their goals. Leaders must constantly rethink how they keep their employees engaged and satisfied while supporting the company's goals and core values. While the task may seem daunting, providing some benefits that recognise the work of employees is simple.
