Why it’s important to recognize employees and how you can plan the perfect celebration
Engaged employees are an important asset to companies today and it’s no secret why.
According to The Ultimate Guide to Employee Recognition by Achievers and RPI’s CRP program, “Engaged employees perform 20% better and are 87% less likely to leave their organization”. It doesn’t stop there though. Higher rates of engagement among employees also correlate to a more profitable and productive company.
So, what is the best way to drive employee engagement?
Recognition. The study Employee Performance: What Causes Great Work found that “94% of respondents who were exposed to an excellent recognition practice perceived it to be ‘very effective’ at causing them to produce great work”. Especially with this statistic, there is no reason to not give employees the recognition they want and deserve.
Based on RPI’s Seven Best Practice Standards, the most successful programs are balanced and provide a combination of day-to-day, informal, and formal recognition. While day-to-day and informal are more spur-of-the-moment and less structured, formal recognition requires extensive planning and can be overwhelming.
It doesn’t have to be though. Virginia-based technology company and RPI Best PracticeⓇ Overall award-winner BAE Systems has proved just how stress-free formal recognition can be. Illustrated through BAE Systems, here are five tips to help you plan the perfect celebratory formal event to recognize employees:
1. Pick a date and make sure it’s timely
One of the necessary first steps to take in planning a celebration to recognize employees is to set a date for the event. Do this well in advance to allow enough time to plan it. Make sure that it does not conflict with religious, work, or school holidays, and that the employee is being recognized at an appropriate time. BAE Systems celebrates service anniversaries and birthdays as part of their recognition strategy, ensuring the events are held in a timely manner.
2. Create an event plan
The plan should include everything related to the event such as the goals, branding, sponsorship, and venue logistics. Having a master plan will help organize the planning process and will ensure a smooth celebration.
3. Have an events team
Planning an event takes a lot of time and effort. Having a team dedicated to organizing the event, details, and logistics can help make sure it is a success.
4. Give the award to reinforce beneficial behaviors
Successful employee recognition programs reflect the values of the company. Employees who are recognized should behave in a matter that upholds these values, acting as a model for others. When recognizing employees, BAE Systems uses their core values as a guide and honors those who are:
a. Trusted to deliver on commitments
b. Innovative in finding and turning ideas and technologies into solutions
c. Bold in accepting new challenges and managing risks
5. Make the event specific to the individual
If an employee is being recognized, others should know why. Explain the importance of their work or behavior, and do so in a way that is meaningful. To go the extra mile, include the employee’s family by inviting them to the celebration. BAE Systems does this by offering multiple awards that recognize employees’ individual achievements and contributions to projects and programs.
Employees value recognition, no matter the size of the gesture. It’s important to incorporate formal recognition and events, but don’t let event planning get the best of you. With these tips, you’re on the way to creating the perfect moment that they will cherish forever.
Learn more about BAE Systems and their award-winning recognition strategy.
Event planning and celebrations are only one of RPI’s Seven Best Practice Standards. Learn about the others here.
Want to learn more about employee recognition? Checkout RPI’s Certified Recognition Professional® (CRP)/Recognition program to expand your knowledge, excel in your job and maximize your recognition program.