While employee reward and recognition programs can be used to inspire individual workers to achieve goals and exceed quotas, they also serve to foster a more engaged workforce.
While employee reward and recognition programs can be used to inspire individual workers to achieve goals and exceed quotas, they also serve to foster a more engaged workforce. Engaged employees are more productive and loyal – and they tend to be more invested in group projects and their community of colleagues. These forces – collaboration and engagement – complement each other, as greater opportunities for cooperation can also help to engage workers.
According to the Huffington Post blog, collaboration offers many benefits for businesses. Workers tend to achieve more while collaborating than they do in a high-intensity competitive environment, the source said, and positive forms of group work can contribute to a company culture where people respect and enjoy their colleagues. Companies with enhanced communication and collaboration have employees that are more productive, more committed to their work and more passionate, Forbes magazine reported. Collaborative work can also be more meaningful to employees who like to see how they contribute to the bigger picture, The Huffington Post added.
Reward and recognition programs can be directly tied to this process. For example, they can be tailored to team projects and group goals or be used to improve employee relationships through peer recognition. These initiatives can go far in developing a positive work environment where employees thrive.