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15 best practices for peer-to-peer recognition
- Peer-to-peer recognition is a powerful tool that enhances engagement, productivity, customer service, and reduces absenteeism in organizations.
- Acknowledging colleagues' efforts helps build a culture of recognition, making everyone feel valued and motivated to succeed together.
- Benefits of peer-to-peer recognition include fostering company culture, diversity, and inclusion, strengthening team morale, improving performance, increasing engagement, boosting profits, empowering managers, and decreasing turnover.
- Acknowledging peers can be as simple as saying thank you, publicly recognizing their efforts, or sharing recognition through company platforms.
- Objectives of peer-to-peer recognition include boosting team morale, enhancing engagement, increasing productivity, improving customer service, and decreasing absenteeism.
- Peer recognition taps into psychological principles, triggering the release of oxytocin in the brain, fostering bonding, reward, and motivation for increased collaboration.
- Peer-to-peer recognition platforms enable employees and managers to acknowledge achievements, offering thanks and reinforcing positive outcomes aligned with company values.
- Best practices for peer-to-peer recognition include having a structured program, using a centralized platform, ensuring inclusivity, giving public recognition, practicing frequent acknowledgment, being specific in recognition, and encouraging leadership involvement.
- Other best practices involve leveraging social and monetary recognition, celebrating milestones and achievements, creating a fun recognition experience, measuring program success, incorporating peer nominations for awards, recognizing collaboration, and tying recognition to skill-building and growth.
- Insights from AWI's State Recognition Report show the impact of peer recognition on employee engagement, retention, and productivity, highlighting the importance of creating a culture where recognizing each other's efforts is second nature.
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