What is real time recognition?
Real time recognition refers to instant feedback and appreciation given to a member of your team. The automatic recognition enables fast, effective and understandable communications between colleagues and managers resulting in valuable recognition.
Why is real time recognition important?
80% of millennials suggest that they prefer instant recognition instead of formal reviews, and with millennials making up 35% of the UK workforce, it is a significant factor to consider. In other words, real time recognition appeals to a large quantity of the UK workforce. Thus, making it an ideal form of rewards and recognition.
Easy to understand
Facilitation real time rewards within the workplace allows team members to make a fast link to what they have done correctly. In effect, it will allow them to know exactly what they’re doing well and continue to improve and, therefore increasing their productivity.
Personal and specific
Many forms of real time recognition can be extremely personal. As a result, team members feel much happier and trust their employers. Furthermore, research suggests that happiness increases productivity by 31%.
Following on from trust, real time recognition increases your people’s loyalty to the company. With higher levels of loyalty, staff turnover decreases and less time has to be spent on training and hiring, saving money in the long run.
Types of real time recognition
With effective perks at work, companies can carry out meaningful real time recognition within the workplace.
Saying thank you for your hard work is the secret to creating an incredible company culture. Authentic, ‘in the moment’ thanks is proven to have an extraordinary effect on the morale, productivity and loyalty of your people.
Companies may choose to recognise their people with employee vouchers. Real time gift cards allow instant gratification and, at the same time, providing something useful.
Ultimately, real time recognition offers a fast, reliable and logical way to improve employee satisfaction and therefore productivity. On top of this, it forms a positive company culture. Here at Each Person, we offer manageable and effective ways to recognise your people, including ecards and employee vouchers. To find out just how much we can help you improve your people’s happiness and productivity visit us at eachperson.com and follow us on social media!
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