Preciate Blog | Relational Wealth

4 Benefits of Peer-to-Peer Recognition in the Workplace

November 11, 2019 / by Lydia Stevens posted in Employee Recognition, Employee Engagement, Employee Recognition Software, Employee Engagement Software

Depending on where you work, the attitude towards recognition programs and employee engagement can range significantly. While some company leaders continue to believe that simply paying their employees is enough, a steady stream of modern research says otherwise. Rather than financial incentives, it's appreciation and the intrinsic motivation that comes from it that leads to optimal employee engagement and performance.

Let's jump into four of the most impactful benefits of peer-to-peer appreciation and what you can do to start getting those benefits today!

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3 Reasons Why Workplace Recognition Promotes Diversity and Inclusion

October 29, 2019 / by Lydia Stevens posted in Employee Recognition, Company Culture, Diversity and Inclusion

With the frequency that we hear the terms "diversity" and "inclusion" today, it's fair to say these concepts have made their way into mainstream conversation. No longer confined to the Human Resources department, workplace diversity and inclusion are becoming key topics when discussing an overarching business strategy.

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The Ultimate List of 106 Team Building Ideas

October 15, 2019 / by Preciate posted in Teamwork, Workplace Relationships, Positive Emotional Culture, Employee Appreciation

Canva - Business People Riding a Chair and Racing
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103 Examples of Workplace Recognition

September 27, 2019 / by Preciate posted in Recognition, Employee Recognition, Employee Engagement, Relationships, Workplace, Employee Recognition Software, Employee Appreciation

Employee receiving recognition through hand shake at work

 

Inspiration for Complimenting Your Coworkers

As we know, employee recognition is one of the most important areas to keep up with in the workplace; it can help with many companies' greatest concerns such as diversity and inclusion and employee motivation. Despite the essential nature of recognition, it is also not an urgent task and therefore tends to get forgotten during busy or otherwise stressful times. When you know you need to send recognition but don't have time or just can't think of what to say, check out one of these common workplace recognition topics. Get inspired, go forth, and share the good vibes!

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Recognition: The Secret Ingredient for Confidence and Ultimate Success

July 31, 2019 / by Lydia Stevens posted in Employee Happiness, Employee Recognition, Company Culture, Human Behavior

Whether you're a business leader, student, or mid-level employee, you probably want to feel confident and be successful. Generally, leaders are already fairly confident and are trying to encourage their teams so they feel more self-assured. On the other hand, many individuals still grapple with a lack of self-confidence.

No matter who you are, understanding the connection between recognition and confidence will help you find success. 

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Why Financial Incentives Can Reduce Motivation

July 8, 2019 / by Lydia Stevens posted in Recognition, Employee Recognition

Whether it be in the office or at school, people tend to think financial incentives would make them or their team work harder. If only you could get paid directly for putting in that extra effort, and perhaps your overall performance would improve as a result of the additional motivation. And sometimes, especially when the reward is big enough, that is what happens. The opportunity to earn more money for improved performance presents itself, and thus, performance improves.

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Public Praise vs. Private Pay

June 4, 2019 / by Lydia Stevens posted in Recognition, Employee Happiness, Future of Work, Employee Recognition, Employee Health

In the American workplace, there’s a traditional idea that the best way to praise an employee is strictly through financial rewards - employees receive a regular paycheck, what more could they need? It can even go so far as to say employees who receive recognition in the form of written or oral praise will get “soft” overtime. 

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Why Office Perks Aren’t the Solution

May 28, 2019 / by Lydia Stevens posted in Recognition, Employee Happiness, Future of Work, Employee Recognition, Employee Health

For young people searching for jobs today, it’s almost impossible to avoid the companies trying to lure them with office perks like game rooms, massage chairs, and yoga classes. And all these things sound fantastic, especially when you’re fresh out of college dorms, where forty people are sharing three showers and you can hear your next door neighbor snoring through the wall. Silicon Valley is particularly notorious for providing employees with a swath of benefits and perks from free meals and snacks every day to in-house barber shops and dental offices. Companies like Facebook and Google draw in thousands of new employees, largely by offering an array of perks that appeal to the generation who have come to expect convenience and comfort.

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Instant Gratification and Reward Systems

May 23, 2019 / by Lydia Stevens posted in Recognition, Employee Happiness, Future of Work, Employee Recognition, Employee Health

Younger generations tend to receive a fair amount of criticism for their obsessions with instant-gratification-based systems like social media and video games. There’s this idea that somehow, older generations were wired to be more patient while technology has fundamentally corrupted the young mind beyond repair. 

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The Positive Health Impacts of Social Well-Being

May 21, 2019 / by Lydia Stevens posted in Recognition, Employee Happiness, Future of Work, Employee Recognition, Employee Health

Most of us are familiar with the differing priorities among departments in an office and how that can impact the inner workings of a company. While management may be more focused on developing practices that increase productivity and profit, human resources is typically focused on employee well-being. In the hit TV sitcom The Office, Michael and Toby’s tumultuous relationship demonstrates this dichotomy - it’s one we have seen time and again. It isn’t without reason that this parody exists; oftentimes, new managerial practices can have trade-offs that are detrimental to certain aspects of employee well-being, whether it be psychological, physical, or social well-being. Rather than argue one set of priorities is more important than another, it’s more important to recognize that happiness, health, and human relationships are related, and their optimization leads to better overall outcomes for company success.

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