3 Compelling Reasons to Recognize Superior Performance
Reasons to Recognize Superior Performance
Psychology experts know the reasons to recognize superior performance. Why? Because, according to Dr. David Ballard who directs organizational excellence at the American Psychological Association, recognition and meaningful rewards link directly to:
1. Decreased turnover
3. Increased ability to both attract and retain the best talent
Barely Half of American Workers Feel Valued
What organization wouldn’t want to capitalize on these three compelling reasons to shine a light on employees’ outstanding performance? Yet, barely half of American workers feel valued by their employers and over a third had received no recognition for superior achievement for the past year.
Why Do American Workers Feel Undervalued?
The reasons are complex and they vary:
- Some leaders say they are too busy
- Some don’t feel recognition is as important as their other priorities
- Other leaders don’t know how to recognize superior performance effectively
- Others don’t feel it is necessary because their staff is already high performing and self-motivated
Leaders Need to Make Recognition a High Priority
With so much to gain, leaders need to make rewards and recognition a high business priority. Make sure you do it right by following these three recognition tips:
1. Recognize Desired Behaviors
This is an opportunity to highlight company values and strengthen your workplace culture. Recognize the specific behaviors that are direct links to the behaviors you want to spread throughout the organization.
If, for example, cooperation among team members is something you want to instill in your culture, recognize an employee who has recently gone out of their way to support a teammate who was struggling to meet a deadline.
2. Recognize Individuals Individually
Not every employee seeks public praise or a dinner out with the team. Effective managers find out what motivates each person they want to recognize and make sure the reward is meaningful and proportionate.
A shy, retiring type might cringe at being publicly called out while an avid sports fan might welcome tickets to an upcoming game. An employee with a long commute might value a few days of telecommuting while an outgoing type might love a pizza party with the team.
Be creative and be sure that the highlighted employee will appreciate the reward you choose.
3. Recognize In a Way That Makes Sense
Recognition does not have to be elaborate, time consuming or costly. It should fit your style and the resources of the company. Sometimes a simple phone call or handwritten note can be sufficient. Don’t overthink it or overspend time or money…just do it.
The Bottom Line
Recognizing superior performance is essential to higher levels of employee engagement and satisfaction. You will know you are on the right track when employees feel recognized and rewarded for the unique value they bring to the organization.
To learn more about reasons to recognize superior performance, download The Top 10 Most Powerful Ways to Boost Employee Engagement