Innovation in a business or organizational context, is a way of thinking, doing and communicating differently with the quest of deriving continuous improvements.
Today businesses’ landscapes are fast, competitive, global and dynamic and to keep a pace with this, employees are in a constant stress to perform well, achieve targets and stay ahead in the game. Unfortunately this also has an adverse impact on Employee Wellness.
As per Watson Wyatt Study of 3 million employees, as quoted in Forbes magazine. “Companies that utilized an effective employee recognition program enjoyed a 109% three-year median return to shareholders vs. a 52% return for those companies that did not.”
Managers play a key role in driving employee motivation, engagement and commitment to their organizations. However, many managers are still not practicing employee recognition effectively, despite the impact it has on an organization either in the absence of right tools or because of their own limiting beliefs.
Recognition at the workplace motivates employees and boosts their productivity. Employees are more likely to take initiatives and deliver on KPI’s if their efforts are valued and their contributions are appreciated.
Read how one of Asia’s Leading Retail Conglomerate created an army of brand champions through a gamified Rewards & Recognition Framework, to battle the most competitive business landscape.
