With the emergence of the next-generation social-enabled technologies that are supporting pay-for-performance, leading business organizations are benefiting from the paradigm shift. In order to encourage and motivate employees, major companies are focusing on incorporating social recognition concept. Banking on the benefits of technological advancements, leading firms are focusing on adopting advanced social recognition solutions to performance management, reassess conventional approaches, and talent management.
In addition, adoption of the social recognition solutions enable the HR executives to update and align the recognition & reward initiatives of the employees with the culture and brand of the leading companies. Yammer, Convo, and LinkedIn are some of the social networking platforms that the major companies are focusing on leveraging to improve business performance. Here is how adopting and implementing social recognition solutions will benefit the leading companies.
- Improves Employee Engagement:
Appreciating and recognizing the efforts of employees in important projects and business assignments socially motivate and encourage the employees to take more efforts. Leading companies are increasingly utilizing the reward and social recognition systems as it improves the employee engagement in the business operations and improves the overall performance. In addition, major firms are focusing on incorporating advanced social recognition solutions to improve manager-to-employee recognition and peer-to-peer recognition.
- Encourages Employees to Take Initiatives and Responsibilities:
As rewards and recognition of the employees motivate them to perform better in the company, they are willing to take the important responsibilities. Also, motivated employees are more encouraged to take initiatives and offer innovative methods and ideas to improve the business performance. In order to motivate and encourage employees, leading companies are focusing on adopting advanced social employee recognition solutions.
- Improves Business Growth Prospects and Revenues:
With the adoption of the social employee recognition systems, the HR executives are focusing on offering rewards to the deserving employees and motivating the other employees to perform better. As other employees are more motivated to perform better and get rewarded on the social employee recognition platforms, they tend to perform better and are encouraged to pitch their ideas and suggestions pertaining to important business operations. This helps in improving employee engagement in with executives at various levels, boost business performance, and improve revenues.
In essence, social employee recognition solutions are witnessing significant adoption across industries. To improve the business performance and generate profits, the HR executives are focusing on appreciating employees on the social media platforms and are offering rewards for their efforts and contribution. Through employee recognition strategies and encouragement, leading companies are concentrating on improving its prospects of business success.
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