Accolad Explains Employee Recognition Best Practices

Accolad, a provider of employee recognition solutions, has published an article detailing the importance and methods of employee recognition. The piece emphasizes that implementing effective recognition programs can boost employee loyalty, satisfaction, and productivity, while also improving retention rates.

The article defines employee recognition as visibly or tangibly acknowledging an employee's contributions and efforts. This can range from a verbal thank you in a meeting to awards and monetary bonuses. Such expressions of gratitude are presented as key to fostering a more inclusive and personal workplace, ultimately motivating staff.

Accolad differentiates between appreciation and recognition. Appreciation is described as expressing thanks and gratitude, such as an end-of-year bonus. Recognition, conversely, involves drawing public attention to specific achievements or performance, highlighting an employee's particular qualities or accomplishments.

The company outlines several benefits stemming from employee recognition, including increased motivation, higher engagement, improved performance, greater retention, and a more inclusive company culture. The article notes that a significant majority of employees feel valued when part of recognition programs.