Peer-To-Peer Recognition

September 19th, 2008 admin Posted in Incentive Trends | 1 Comment »

Recognition programs, designed to drive engagement, focus on every employee and are extremely successful.  These engagement-targeted programs are peer-to-peer driven.

Some companies have used a five-tier plateau program where the first step is merely a peer-to-peer email-based thank-you, and as each plateau increases in significance, so does the incentive reward.  The final tier is a substantial award plateau that would need executive approval.

We have designed some recognition programs using several options for each plateau.  These engagement and recognition programs increase productivity.  Ask yourself  would you rather have employees working at 75% or 100% productivity?  How much money would that increase in productivity save a company?

As reported in Incentive Magazine, the consulting firm, Tower Perrin, concluded that a 15% improvement in engagement, will cause a 2% improvement in a firm’s operating margin, for a Fortune 500 company that could equal billions.

Employee engagement recognition programs work!