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Glossary of Human Resources Management and Employee Benefit Terms
Formal acknowledgements of an employee’s outstanding performance or behavior in the workplace is known as employee recognition awards. These awards can take various forms, such as certificates, trophies, or monetary bonuses, and are typically presented at company meetings or special events.
Employee recognition awards are formal acknowledgments or appreciations for an employee’s outstanding performance or behavior. They can take various forms, such as certificates, trophies, or monetary rewards, and are often presented in a public setting to honor the employee’s achievements and motivate others.
Typically, all employees within an organization are eligible for recognition awards. However, the specific eligibility criteria may vary depending on the company’s policies and the nature of the award. Some awards may be open to all staff, while others may be specific to certain roles, departments, or levels of seniority.
The decision on who receives an employee recognition award is usually made by a committee or a group of senior leaders within the organization. This group will review nominations or performance data to determine who should be recognized.
In some cases, employees may also have the opportunity to vote for their peers. The process is designed to be fair and transparent, ensuring that the awards are given to those who truly deserve them.
The criteria for award selection can vary widely depending on the specific award and the company’s goals. Common criteria might include outstanding performance, exceptional contribution to a project, demonstration of leadership, innovation, or embodying the company’s values. These criteria are typically clearly defined and communicated to all employees to ensure transparency in the selection process.
The frequency of employee recognition awards can vary greatly from one organization to another. Some companies may choose to present awards on an annual basis, such as at the end of the year or during a specific event.
Others may opt for more frequent recognition, such as monthly or quarterly awards. The timing often depends on the company’s culture, the nature of the awards, and the resources available.
The determination of these awards is usually based on a set of predefined criteria that align with the company’s values and objectives. This could include factors such as performance metrics, peer nominations, or demonstrated behaviors that embody the company’s culture.
The process often involves a review or selection committee that evaluates each candidate against these criteria to ensure a fair and objective selection process.
These are short surveys that can be sent frequently to check what your employees think about an issue quickly. The survey comprises fewer questions (not more than 10) to get the information quickly. These can be administered at regular intervals (monthly/weekly/quarterly).
Having periodic, hour-long meetings for an informal chat with every team member is an excellent way to get a true sense of what’s happening with them. Since it is a safe and private conversation, it helps you get better details about an issue.
eNPS (employee Net Promoter score) is one of the simplest yet effective ways to assess your employee's opinion of your company. It includes one intriguing question that gauges loyalty. An example of eNPS questions include: How likely are you to recommend our company to others? Employees respond to the eNPS survey on a scale of 1-10, where 10 denotes they are ‘highly likely’ to recommend the company and 1 signifies they are ‘highly unlikely’ to recommend it.
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