Feb 19, 2015 Finance
This leading financial services provider needed to empower their 5,000 employees to recognise all their good work
Develop processes for managers and employees to recognise each other to increase employee satisfaction.
BI WORLDWIDE devised a recognition initiative that empowers all 5,000 employees to recognise each other. At the same time, the initiative helps highlight the key qualities that are in-step with the company’s goals and objectives, such as providing outstanding work, promoting teamwork and supporting business transformation.
Each month, nominators and receivers of recognition are entered into a draw for awards, with the ability for managers to also award employees for exemplifying the qualities that make the company standout.
In the first year, managers gave out 8,750 awards to their people, with employees sending 1,001 peer-to-peer recognitions.
In the second year, manager interaction increased by 54%, giving out 13,650 awards.
Peer-to-peer acknowledgement was also inspiring, with the sending of 1,430 recognitions, a 43% growth over the first year.