Peer to Peer Employee Award Programs

Who best to reinforce the added value that employees show us every day than one of their own peers.

No manager has the ability to know everything that’s happening within their span of control at all times.  And while they would all love to recognize and reward employees for superior performance, many opportunities go unnoticed.

There was a time when companies wouldn’t have dreamed of approving a recognition budget that gave every employee in the company the authority to award that budget to their peers without management involvement.  But peer to peer programs are more prevalent today than ever before.  Why? Simply because they work.

Clients that implement them, are proud of them, they talk about them, they share their results.  Here’s a quote from a past client contact, Recognition Program Manager at Bonneville Power Administration who manages their peer to peer program for over 3000 employees: 

 “We’ve been implementing a peer to peer program for over 10 years and consider it very successful.  While other recognition programs have come and gone, the P2P program has stayed in place because it gets our people involved and keeps them engaged encouraging improved performance of all our associates.  I have no doubt this program has paid for itself over and over again.”

In peer to peer programs, the right employees are getting recognized because the ones doing the issuance know what’s going on.  They know who’s doing the job and who isn’t.  They’ll know who is deserving of recognition because they work with them either in the same department or in cross-functional departments. 

Your employees will take peer to peer recognition seriously and want it to be effective and produce results.  They know it’s a good benefit and are glad to have it.  They also know how powerful a thank you is to their fellow employees and they want to be the ones giving the thanks.

Your employees have the ability to make a peer to peer program successful.   Many managers unfortunately don’t, or won’t.  Your employees know what works, and you can rest assured that the money you give them either $25, $50 or $100 each per year will be used wisely. 

 "in the last three Trends in Employee Recognition survey reports by WorldatWork, peer-to-peer programs have ranked as the third most common type of recognition program among employers. Peer-to-peer recognition ranked behind recognition for “length of service” and for “above-and-beyond performance.” Of the employers surveyed, 42 percent used peer-to-peer recognition programs in 2013.”

It’s easy to implement a peer to peer program.  Management is in charge and will be guiding and overseeing the rules and analyzing the results.  The programs are transparent and vendors you use for awards can supply you with great reporting to assure that the funds are being handled properly.

Peer recognition can mean as much to your employees as praise from the boss—and maybe more.

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