The Power of Recognition
Make no mistake, an organisation that fosters an environment that motivates employees and rewards positive behaviours will attract the best talent, maintain a strong, positive culture and retain the rockstars that outperform the competition.
Whether you're in, a football team, the boardroom or, the bedroom, the same rules apply. If you want someone to consistently perform to the best of their abilities, the environment has to be conducive to success.
In the workplace however, the value of recognition is often overlooked. Leaders are so focussed on the end result they ignore the value of praise, while others haven't been exposed to an environment of continuous recognition . In this case, anyone new to the business may not get the support they need to excel.
At EmployeeConnect, we believe that building a fully engaged, energised team is the key to business success. In fact, this notion is based on one powerful premise - what gets recognised gets repeated.
When someone goes that extra mile, we praise them.
When someone helps us complete a task, we thank them.
When someone lives and breathes our company values, we celebrate them.
And guess what...they do it again.
An argument strongly backed
Studies have shown that if you recognise and appreciate your co-workers, great things will happen. While occurrences of stress, absence and turnover decrease, business leaders can expect rises in morale, productivity and competitiveness.
Research from behavioural economics and psychology has determined that employee recognition is the second most powerful source of employee satisfaction - only behind personal achievements in the workplace. In fact, recognition is ranked higher than internal promotions and the job itself. This principle has been demonstrated over and over again, in both laboratory and research settings, as well as in the real world.
Likewise, in the classroom, positively reinforcing behaviour through recognition will lead to increased attentiveness, improved test scores and most importantly, a genuine interest in learning.
Despite popular belief, money isn't the best way to recognise superior performance. In fact, research shows us that the number one reason why people leave jobs is "limited recognition and praise." Factors such as compensation were all deemed less important than recognition. Clearly, people value respect, appreciation and recognition just as much as and often more than monetary rewards.
At the end of the day, recognition increases employee satisfaction - it is as simple as that.
Mixing the right chemicals
Chemistry plays a big role in the phenomenon of recognition; it's a tug of war between two chemicals.
When we face criticism, rejection or fear - when we feel marginalised or minimised - our bodies produce higher levels of cortisol, a hormone that shuts down the thinking centre of our brains and activates conflict aversion and protection behaviours. We become more reactive and sensitive, often perceiving greater judgment and negativity than actually exists.
Surprisingly, these effects can last for more than 26 hours in some cases, imprinting the interaction on our memories and magnifying the impact