Want to get started on Building a Winning Organizational Culture?

Join Empuls - a holistic employee engagement platform - to drive overall productivity and performance. Choose a plan that best suits your needs and book a demo right away!

SCHEDULE A DEMO NOW

The Power of Peer to Peer Recognition

How much power does the word "Thank You" wield? Here are reasons that justify the power of peer to peer recognition.

Rewards and Recognition
 — 
10 Min read
 — 
Last Updated on
March 27, 2021

While most of us might know what is peer to peer recognition, what we need to make note of is the fact that peer to peer recognition has always been (and always will be) an important aspect of any professional workplace. Social acknowledgment is a basic need listed in Maslow’s hierarchy of needs. Employee retention is all about making them fall in love with your company’s culture, you need to make them feel like they are truly wanted. It is a crucial part of employee recognition.

Well, peer to peer recognition programs aim to provide exactly that type of feelings to employees: acknowledgment, satisfaction, self-worth, achievement, appreciation, etc. A truly nice definition conveying the importance of peer to peer employee recognition sounds like this:

“Peer-to-peer recognition is the genuine sign of acknowledgment and appreciation between coworkers. That presumes both the manager-to-employee and employee-to-employee interactions.”Manoj Agarwal, founder of Xoxoday.

A traditional peer-to-peer recognition program is usually developed and performed by the upper class – the managers, the high roles, and the assigned employees. However, peer-to-peer recognition can become something more than that.

Looking for a way to set the perfect rewards and recognition program? The guide to employee rewards and recognition is all that you need.

Read More

It can become a habit of each employee – when something “nice” is done, the employee should acknowledge or reward the person who obtained the result. Certain “rewards” can be implemented and known as “default prizes” – when something is achieved, every member receives an X or Y prize. A peer to peer recognition platform is a great way to implement this and build a true culture of appreciation. 

Peer to peer recognition is an extremely powerful technique that will positively influence your company and its employees.

In today’s post, we’ll explore the primary reason why developing and performing a peer to peer recognition strategy is one of the most palpable ways to improve your company’s performance and your employees’ wellbeing.

We shall also explore several practical ways to implement the peer-to-peer recognition mindset in your company’s collective mindset. Pay attention, take some notes, and make sure you take some real action!

Peer to Peer Recognition Defines Your Company’s Culture

Peer to peer recognition programs start as an initiative, and they become the true representation of the brand and company itself.

51% of employees are not engaged and haven't been for quite some time. - Gallup

It gives employees the necessary tools to be able to praise others, provide feedback, and reward great accomplishments. As you can probably imagine, this approach will quickly generate a great atmosphere in the office. It’ll make your employees’ time pleasant, joyful, and interactive, so they’ll be able to “turn work into play” and perform out of passion rather than out of need.

It Builds Team Spirit

Team spirit is something that every professional corporate business craves for. In sports, team spirit makes the entire difference between winning and losing. When two “balanced” teams play against each other, the one that’s more united will always win. It’s the social and mental dynamics that influence the players’ individual choices and reasons to pass, shoot, or dribble during critical times.

Well, associate that with your company’s culture and you’ll find that it works exactly the same. If your employees perceive themselves to be a united team that leverages team spirit to gain energy and reach extraordinary results, well, you’ll have a winning team and a truly successful company!

Makes Work Less Individual and More Collaborative

Teamwork is good as long as it’s effective. If it’s imposed and feels like an effort, it’ll always backlash and generate negative results or stagnation. A peer recognition culture fosters genuine feelings of companionship and collaboration. While some employees might feel the need to act independently and make their own decisions, there will be many others who will definitely appreciate a more collaborative approach that involves group choices and teamwork.

40% of working Americans are ready to double their efforts if they are recognized more often. - Harvard Business Review

Those that love to work alone should be able to do so, for as long as they are truly helpful in their positions. Nevertheless, certain key recognition principles and “rules” should apply to all employees regardless of their status.

Improves Employees’ Happiness and Fulfillment

Have you ever wondered about how happy your workers are? Have you ever cared? It’s good to have these thoughts – it gives you a human side and your employees will love that. Anyhow – implementing a peer to peer program will definitely impact your employees’ wellbeing and happiness.

Appreciation, positivity, laughter, compassion, friendship – these are high vibration emotional states that spread. They spread through energy, so if 10 of your employees are positive and helpful to each other, the other 10 will naturally feel inclined to feel and behave the same way.

It Improves Employees’ Health

If happiness is present, the stress and the negativity are almost practically gone. Numerous studies prove that stress and negativity affect our physical and mental wellbeing. If those are diminished or completely eliminated, you’ll find it easy to understand why your employees will feel “alive”. Every employee values his health and wellbeing. If your company’s culture fosters such amazingly positive effects, they’ll want to stick to your “club” mainly because it keeps them healthy and happy.

It Boosts Employees’ Standards and Objective Scales

When a feedback mechanism is linked with a rewarding system, employees start to think about their possibilities. The successful events (some employee claiming a great prize) makes them feel like they can do it too. It opens possibilities, doors, and paths.

A study by Gallup shows that on doubling the number of employees that recieve recognition,

  • 24% improvement in quality
  • 27% reduction in absenteeism
  • 10% reduction in shrinkage

A successful peer to peer practice will often skyrocket every employee’s professional standards. However, this competition should be directed towards direct business competitors, and not towards colleagues. Give your employees a competitive medium that constantly triggers their intrinsic motivation and inspiration and you’ll have a proactive company that gets a lot of work done.

It Encourages Transparency and Openness

Transparency is a rare quality. Leaders are striving to find it in employees, while every employee seeks to find it in their leaders and managers. Without transparency, trust is a faraway concept. Without trust, a team cannot function properly. There can be no prosperity (at any level – both individual and company) unless the trust is a default component in the company’s culture.

A peer recognition program brings exactly that – it helps employees learn more about other employees or managers, and at the same time, it gives you, the leader of the movement, a great understanding of your team’s dynamics and direction.

A Peer Recognition Culture Builds Loyal Teams

Loyalty is even rarer. Loyal employees will never betray your company if they find a better offer. They’ll let you know first, they’ll make sure that you agree, and if you do, they’ll do their best to train somebody else to fill the position. Of course, this type of loyalty is rare – as I said – but not impossible to create. An effective peer to peer culture will generate feelings of loyalty by default, so this represents another huge benefit of peer recognition.

Peer to Peer Recognition Programs Make Rewards and Recognition a Natural Process

Rewarding someone might often feel like an awkward deed, mainly because you might not be used to do so, or because other people might take it personally because it wasn’t them who received the prize.

50% of employees prefer receiving immediate feedback for a  job done rather than wait till the end of the year.

An organized peer to peer program will make the rewarding system feel natural and pleasant. You, as the manager, will have a justified reason to reward each employee for each of his important accomplishments.

At the same time, on a lower level, your employees might (and should) be able to reward each other. Some form of currency or some form of appreciation should be easily approached and used by every member who wants to take part in the peer recognition program.

It Fosters True Friendships

Peer recognition does not only improve the employees’ performance and dynamics of your workplace, but it positively alters the connection between your employees. By constantly talking to each other, your colleagues will learn to cooperate and will often find a lot of common things that they have in common. Many professional relationships may also turn into real personal friendships.

90% of employees feel the bond of trust strengthens when they receive a word of thanks. - Forbes

Imagine your workers meeting every Saturday night for a few beers, or every Sunday morning to drink a coffee together. Holidays and trips can also happen, and they will often genuinely improve the company’s collective strength and compassion.

It Encourages Learning and Skills Growth

Employees that are part of a peer employee recognition program will never be afraid to ask for help. The true friendships built as an effect of the friendly corporate culture will allow employees to gain knowledge and skills from each other.

If your marketers learn from your designers and vice versa, each particular sector will do a better job in the future. That fosters both individual and company progress and helps your company thrive in the face of challenges.

Every professional would love to work in a place where growth, teamwork, employee feedback, and rewards are present. Provide that and your company’s job positions will be seen as a goldmine to most relevant new candidates that you seek.

Peer Recognition Represents a Powerful Feedback Mechanism

Your employees will need a reliable feedback mechanism that they can use to improve. Finding your mistakes and resolving their causes (the roots) is not as simple as you may very well know.

45% of employees value feedback from their peers, but less than 30% get it in reality. - SnapSurvey

An effective peer-to-peer social recognition program will allow employees to manifest constructive criticism without worrying about their colleagues taking it personally. And so will you!

Empuls, a Powerful Peer to peer Recognition Software

Empuls by Xoxoday is a market leading peer to peer recognition software that helps organizations build a culture of appreciation and rewarding. Empuls helps you drive engagement by making peer-to-peer recognition fun with it’s social-media-like interactions, built in rewards catalog, reward workflows and much more.

Take a product demo today or start your free-trial to experience Empuls. 


Takeaways

Are you convinced yet? If you’re not – you’re probably not looking at the right strategy at the right time. Maybe it’s not the moment. However, if any of these reasons have made you question the way you do things in your company, and whether your employees feel like they’re an important piece of the puzzle or a separate, disconnected and lonely piece, you should immediately start researching more on what is peer to peer recognition, craft a peer to peer employee recognition strategy and take some immediate steps to put it in motion.

Build a Culture of Peer Recognition with Xoxoday Empuls

The perfect feedback mechanism comes with the right peer-to-peer recognition platform. Give Xoxoday Empuls a try and watch your employee engagement levels skyrocket. Want to know more?
Start free trial

Free Guide + Checklist   Carving-in a Recognition Rich Culture


Like the article? Spread the word

What is a blog post?

Blog posts allow you and your business to publish insights, thoughts, and stories on your website about any topic. They can help you boost traffic, brand awareness, credibility, conversions, and revenue.

What is a blog post?

Blog posts allow you and your business to publish insights, thoughts, and stories on your website about any topic. They can help you boost traffic, brand awareness, credibility, conversions, and revenue.
Text Link