What is Recognition?

Recognition entails identifying, rewarding, or commending individuals for their contributions in the workplace. It can encompass any positive impact on the team, such as work ethics, advancements, support for others, or significant efforts during challenging periods.

Why is it so important?

As a leader, the practice of recognizing and praising employees stands as one of your most crucial tools for ensuring motivation and well-being. This practice significantly influences their overall performance. Demonstrating awareness and appreciation for employees and their work, even in ordinary situations, holds paramount importance.

When individuals feel acknowledged, heard, and valued, not only does their performance elevate, but it also fosters sustained employee retention. Authentic praise and recognition heighten the probability of exceeding expectations, as acknowledged employees are fueled by motivation to excel at their highest level. It's a mutually beneficial strategy.

OBS! Remember, employees require recognition the most when navigating challenges and potentially performing below their potential. Acknowledging their efforts bolsters confidence and aids them in regaining their momentum.

Here are 5 types of recognition to inspire you👇🏼

1. Verbal Recognition and Praise 🗣️

Using words is the simplest way to show appreciation to your team. You can personally thank them for their work or effort, have a one-on-one chat, or even better, do it in front of the whole team. No need for a big speech – a small acknowledgment goes a long way.

For instance, a quick "thank you" when they submit work or finish tasks lets employees know their hard work is noticed and valued. When giving praise, be sincere, so they feel your words are genuine, not just empty compliments.

Remember, sometimes a compliment is best on its own. Avoid following it with corrections or criticism, as it could overshadow the praise.

2. Written Recognition ✍️

Written praise is another excellent option. Especially if you're new to verbal praise, putting it in writing is a great way to begin. 

It could be a straightforward thank-you note, a birthday card, or an appreciative email message. Keep it uncomplicated. A brief "Great work today" can have a significant impact. 

This form of recognition is easy to create and provides affirming words highlighting employees' efforts' significance.

3. Formal Recognition 🏆

Formal recognition involves scheduled or established forms of appreciation. This may include awards like "Employee of the Month," "Best Colleague," or work anniversaries. This type of recognition can significantly boost employees' interest and motivation, particularly benefiting those with a competitive mindset who thrive on public praise.

Remember, you shape your team's focus, and emphasizing a growth mindset in your rewards can yield substantial benefits. This entails valuing and celebrating effort and dedication more than the outcome.

In practical terms, this means the "Employee of the Month" doesn't necessarily have to possess the highest sales numbers or the most delivered overtime hours. It could be the individual who overcame the most challenges or the employee who displayed exceptional collegial support.

4. Informal Recognition 🎁

Informal recognition is all about those spontaneous, day-to-day moments that let you celebrate your team's efforts in a genuine and enjoyable way. 

Think of it as those little surprises that light up their day! It can be as simple as a quick note, a surprise message, a fun announcement, or even a small token of appreciation.

These unexpected acts of gratitude create a culture of warmth and camaraderie. They show your team that their work is seen and valued, making every day a little brighter. – the small gestures make a big difference!

5. Bonuses 🌟

Bonuses, a strong way to show appreciation, work well for those who thrive on competition and financial incentives. By offering small bonuses for hitting goals or excelling, you can create a culture of motivation.

These rewards can take different forms—monthly, seasonal, or even commissions and tips. But remember, balance is key. Relying solely on bonuses might lead to unmet expectations and unhealthy competition.
Frequent bonuses could become routine, losing impact and affecting teamwork. 

It's wise to mix monetary rewards with other types of recognition.
Also, consider non-monetary bonuses like extra time off, flexible hours, or other benefits such as gift cards, gym memberships, etc.. These cater to various preferences, enhancing job satisfaction.

Aligning bonuses with personal goals taps into different motivations, creating a sense of value. Like monetary rewards, these non-monetary perks boost commitment.

A well-planned bonus system acknowledges the many aspects of your team's desires, creating a motivated workforce.

OBS! Do your research when deciding on a bonus model. There are many excellent best practices within different industries to learn from. 

It's important to remember that each individual has unique preferences when it comes to praise and recognition.

Invest time in identifying and understanding each team member's preferences. By doing so, you create optimal conditions for success for each employee and the team as a whole. 🙌🏻