Some say there are enough challenges facing SMEs without suggesting they also have to incorporate employee recognition. However, it is becoming clearer that recognising staff for the work they do helps to build a company’s culture. This is particularly true when a recognition programme encourages staff to repeat desired behaviours, which support company values and goals.
Why is recognition important for SMEs?
Recognition is important because SMEs are BUSY: busy scaling their business; busy making new sales; busy finding new staff etc. During this time a company’s culture is forming and it is important that the culture supports its goals and objectives. Why?
Because recognised staff are more engaged staff, who give their best, commit to a company’s culture, values and objectives, while building company success.
But how can SMEs give recognition?
How can recognition be given to individuals and teams? Social recognition gives the SME an accessible, affordable and supportive recognition tool. It is their very own private social network, which promotes three, key essentials:
All organisations, regardless of their size, will benefit from encouraging these activities. In particular, this is true for growing SMEs. Academics like Robin Dunbar suggest that individuals can maintain stable social relations with between 100-150 people. Others suggest this number is as low as 50 relationships. Applying this range to SMEs, when employee numbers rise above 50, SME leadership will need a platform to support organisational cohesion.
A Social Recognition Platform
Company-wide recognition, communications and behaviours can be supported using a social recognition platform like Kudos®, which will deliver and drive these three key essentials, 24/7. What helps is that Kudos® is scalable, agile, mobile, secure and affordable:
3 compelling reasons for SMEs to remember these essentials:
There are three compelling reasons why every SME leadership team should not forget these key essentials.
Implementing a recognition platform is a simple, yet effective, way to show your employees that they are valued. SMEs, and organisations of all sizes, that recognise their employees will create a healthier corporate culture and build a stronger business position.