Research has revealed that the peer-to-peer model is better for every organization. It has a significant impact on the financial outcomes in comparison to manager-only acknowledgment. Humans crave appreciation, so when employees get acknowledged for their endeavors there is a sense of enthusiasm. This feel is not attained when they get a promotion or more perks.
Today, employee recognition programs are increasing because as appreciation starts to flow from every direction across the organization a transformation occurs. The employees make every effort to give their best wholeheartedly and freely.
The reason why peer-to-peer recognition causes cultural transformation
When recognition gets shared, the currency is gratitude. Gratitude holds the highest point of virtue, which strengthens your business in multiple ways. When gratitude gets expressed, it influences the recipient and the giver. Employees will experience individual benefits by thanking one another regularly and the organization will discover the surprising benefits. If you desire to build a potent recognition program then click here.
Benefits of a peer-to-peer approach
Increase of positivity
Gratitude is equivalent to happiness, according to psychology. Grateful people are highly satisfied and nurture positivity. Positive emotions make it simple for them to connect with their colleagues. Research reports that employees belonging to a workplace culture that shares gratitude experience better job satisfaction.
With a peer-to-peer approach, the employees get more engaged. Because they get aware that their lack of work can affect their team and other departments. Retaining employee also becomes easy, as they desire to stay long in an organization that recognizes their effort.
Improves health & well-being
Besides increasing happiness, regular recognition enhances your overall health. Due to less stress, people feel energetic and participate in healthy activities. The improvement in health and well-being means few sick leaves. As the employees get more productive, the deadline management is better. You can say peer-to-peer is a well-being program for your business.
Collaboration and personal connection with team members get inspired. Gratitude helps to strengthen the most crucial relations in the workplace. Constructive team culture can be defined as a cooperative team instead of a competitive one. Gratitude made them recognize one another without any need for depending on recognition from the top down.
When efforts get acknowledged there is a feeling of positivity. Positivity creates a sense of confidence and self-efficiency. At the workplace, confidence helps in fortifying the employee’s knowledge and competence.
Encourages behavior that aligns with organizational values
Actions that are aligned with organizational values get recognized the employees get motivated to repeat them again and again. People would love to work with companies offering low wages but have a culture that aligns with organizational value.
Creates trust between employees and management
Trust amongst colleagues improves performance and productivity along with attitudes towards the organization including commitment and satisfaction.
Everyone can clearly see who got acknowledge and by whom. This transparency level positively impacts the employees and the dominant organizational culture. Leaders practicing positivity and transparency gain more trust and a good response from their team.
With the peer-to-peer model, a sense of belonging gets created. It consistently ties together motivation, commitment, and pride towards the workplace.