Recognition and Reward Culture & Workplace Wellbeing
Recognition and Reward Culture & Workplace Wellbeing
December 28 2022 TalktoAngel 0 comments 1325 Views
Around a billion individuals worldwide suffer from mental illness, and millions more are diagnosed every. The conversations around mental well-being and mental health are just recently starting to gain traction, despite significant attempts to eliminate the stigma surrounding mental health or the absence of it. You'll learn how your business can go beyond making declarative statements regarding mental health in this post, as well as how recognition may enhance workplace well-being.
Employee appreciation has long been
valued highly by effective and compassionate management. However, as the battle
for talent intensifies, it is now more crucial than ever for businesses to
demonstrate their appreciation for their staff.
Developing a recognition program is
a fantastic place to start if you don't already have one, you make take Corporate Wellness Program by TalktoAngel. The best EAP programs in India help an
organization in the promotion of an ethical culture of appreciation.
Great businesses go above and beyond
by routinely reassessing the methods they reward their workforce. This becomes
a greater difficulty as businesses expand, and executives must reconsider how
they enhance the employee appreciation process.
All the ways an organization expresses gratitude for the contributions of its personnel are referred to as employee recognition. It may or may not entail monetary compensation and can take many different forms. Employers praise personnel for things like
- Achievement
- Displaying the intended behavior
- Exceeding and exceeding expectations
- Landmarks like tenure
The business argument for supporting
employee mental health is indisputable. Employees that are happy and in good
health are more engaged and productive. However, in addition to the current
epidemic and the numerous difficulties it brought, the state of employees'
overall well-being is threatened by the deteriorating access to mental health
care, which many refer to as the second pandemic.
We yearn for approval from our
parents, teachers, and friends from a very young age. Our yearning for positive
affirmation is so intense, especially during formative phases, that we can even
interpret a neutral response as negative.
As we enter the workplace, this
remains the case. Employee appreciation facilitates:
- Keep your finest talent.
- Boost participation among employees
- Boost excellence in
performance
Unlocking the doors to happier,
healthier workplaces requires having the appropriate tools and knowing how to
utilize them. Developing the knowledge necessary to make the greatest use of
the instruments is the trick. Tools for rewards and recognition provide
businesses with unanticipated advantages for addressing the problem of employee
illness.
Cost savings are the benefit that
most leaders will immediately consider. The World Health Organization
calculates that productivity losses due to depression and anxiety cost the world economy around $1
trillion per year.
Tools for rewards and recognition
have a good effect on employee engagement, as we are aware. Employee motivation
is increased by a robust system of rewards and recognition. Oxytocin, known as
the "happy hormone," is released in response to recognition and is a
key factor in motivation.
Even though engagement is essential,
it is not the only outcome of an effective R&R strategy. Just a few more
are as follows:
1.
Better relationships
at work and home
Peer-to-peer recognition strengthens
relationships in the workplace by acting as a glue to hold people together and
create strong teams that collaborate rather than compete.
2.
Enhanced employee pride, resilience, and self-esteem
Resilience, which is the emotional
flexibility or capacity to recover from difficulties that are a normal part of
life and work, can be developed like a muscle.
Years of research have shown that
one of the most effective methods to develop resilience is through a robust
social support network. Enhancing self-esteem and resiliency can be
accomplished by publicly praising employees and recognizing them for their
efforts.
There will always be hiccups in the
route, but content employees do not fear them. Employees' self-esteem develops,
their social welfare improves, and as a result, resilience improves if you
encourage and emphasize their positive traits.
3.
Enhanced loyalty and trust
People feel recognized and valued
when they are acknowledged. We all have deep-seated needs that have a negative
impact on our well-being, needs like the need for respect and status. Building
trust among coworkers as well as between employees and employers begins with
making employees feel seen. To make the employees feel heard and seen, however,
recognition must be as specific as possible. Generic acknowledgments are less
effective.
4.
Increased empathy and creativity among employees
Employees who are worn out and
unmotivated lack the motivation to be imaginative or compassionate. According
to Psychology Today, developing empathy is necessary to increase creativity. An
increased sense of belonging is consequently facilitated by improved empathy.
That accomplishes numerous goals at once.
Conclusion
The distinction between private and
personal areas is becoming increasingly hazy as remote and hybrid work models
proliferate. It becomes clear that separating work from other aspects of life
is impossible and that a person's health has an impact on their success at
work.
We have a once-in-a-generation
chance to influence the nature of work in the future. Businesses should
capitalize on the present enthusiasm and implement reforms that benefit both
employers and employees.
Businesses are beginning to realize
how important employee happiness is to their success. They make investments to
reduce workplace stress
and roll out numerous perks and advantages pertaining to mental wellness.
The concept that work not only
exhausts us but also inspires and awes us is the key to promoting employee
wellness. In order to carry out their plans successfully, leaders must take
charge of creating chances for their team members to feel good. Encouragement
of incentives and recognition is one of the most reliable approaches to do
this.
A crucial social validation method
that successfully increases the levels of oxytocin in the recipients is timely,
regular, precise, and transparent recognition. Employees who feel acknowledged
by their colleagues consequently feel more at ease at work.
Therefore, acknowledgment has a
positive impact on employee engagement, morale, creativity, empathy, and
working relationships. Employers who use a recognition approach see
improvements in worker performance and productivity as well as lower attrition
and HR expenses.
For a professional assistance for Best, EAP providers connect with TalktoAngel, Asia's leading mental health and well-being platform and take Online Counselling from the Best Psychologist in India.
Contributed by: Dr (Prof) R K Suri & Aditi Bhardwaj
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Related Quote
“The cheerful mind perseveres, and the strong mind hews its way through a thousand difficulties.” - Swami Vivekananda
"I am not afraid of storms for I am learning how to sail my ship." - Louisa May Alcott
“My anxiety doesn't come from thinking about the future but from wanting to control it.” - Hugh Prather
“Depression is your body saying, ‘I don’t want to be this character anymore. It’s too much for me.’ You should think of the word ‘depressed’ as ‘deep rest.’ Your body needs to be depressed. It needs deep rest from the character that you’ve been trying to play.” - Jim Carrey
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