(Solution) ICS Learn 5HR03 AC 2.4: The Merits of Different Types of Recognition Schemes Offered by Organisations
Solution
Employee recognition schemes serve as core motivators to build desired employee conduct while fostering superior business culture according to CIPD (2022). Employee of the Month and Peer-to-Peer Recognition stand as two commonly utilised recognition programmes in organisations. Two recognition systems bring independent positive aspects which strengthen both personal and organisational results.
Employee of the Month
The Employee of the Month recognition serves as a structured programme that picks one employee per month through performance rating and attitudinal and company contribution evaluation (CIPD, 2020).
Selection as Employee of the Month usually leads to receiving either certificates or trophies together with vouchers or extended periods of leave.
| Merits | Explanation |
| Boosts Employee Motivation | Recognition gives employees a tangible goal to strive for, encouraging them to perform at their best. |
| Increases Job Satisfaction | Public recognition of an employee’s efforts fosters a sense of accomplishment and job satisfaction. |
| Encourages Healthy Competition | Employees are motivated to excel and outshine their peers, creating an environment of healthy competition. |
| Improves Retention | Feeling appreciated increases employee loyalty and reduces turnover, as employees are more likely to stay with a company that values their contributions. |
Peer-to-Peer Recognition
The system of peer-to-peer recognition enables employees to simply express appreciation toward their colleagues’ (wong, 2023). The method follows nonformal procedures that enable employees to recommend rewards for their peers and involves casual verbal expressions of appreciation.
| Merits | Explanation |
| Strengthens Team Collaboration | Encouraging employees to recognize their peers promotes teamwork and collaboration, making the work environment more cohesive. |
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