When you hear someone mention employee recognition, the word that almost always follows closely is rewards. Employee recognition and rewards programs have proven to be an effective way to boost employee engagement, morale, and a sense of belonging in an organization. We have our own opinion about rewards tied to recognition, but an indisputable fact is that rewards, when executed thoughtfully, can make a recognition program even more fun.
When thinking about rewards, the prevailing assumption has long been that individual rewards are the most effective means of encouraging recognition. In a sense, if there are things for employees to ‘purchase’ with their hard-earned recognition points, they are more likely to take recognition seriously and engage in the long run. However, this perspective overlooks a powerful and often underutilized strategy to accomplish the same goal: Collaborative Rewards. By focusing on collective achievements and fostering a sense of shared success, Collaborative rewards can significantly enhance team cohesion, collaboration, and overall performance. This article delves into why Collaborative Rewards deserve more attention and how they can transform the dynamics within teams.
Collaborative Rewards are experiences and things that a team of people collectively works towards achieving. In performance management, a sales team might have a goal of a joint sales quota and when they achieve it, they get to enjoy 3 days off without taking paid time off. That is an example of a Collaborative Rewards that rewards team performance. Recognition, on the other hand, isn’t about performance and the Collaborative Rewards that apply here are rewards that people choose to contribute to for a joint experience. What individual team members contribute are their recognition points, in HeyTaco’s case - tacos, towards a goal of collectively redeeming a Collaborative Reward.
Collaborative Rewards have commonly been used in performance management, but have been underutilized when it comes to engaging people in a recognition program.
Collaborative Rewards encourage people to work together on a common goal. They provide the opportunity for either the whole company or a smaller team to contribute their individual recognition (tacos) to a goal that everyone will benefit from. Working on a goal together and accomplishing it builds camaraderie and provides a shared sense of purpose that is easily translated into the overall culture at the company.
The shared experience of a Collaborative Reward brings people together and weaves a memory into your company’s DNA. No one will remember what they spent the $25 Amazon gift card on, but everyone will remember that they earned a foosball table or that they managed to escape from the escape room before the time was up. Experiences, and physical things that facilitate experiences, bring people together and create a story, a moment, that defines what we are about as a team.
Collaborative Rewards fatigue is a thing. If all you offer as a team reward are shared experiences, people might get tired of them. There are only so many virtual happy hours or game nights one can attend; at some point, everything becomes old and people get tired of it. Instead, try switching up your rewards: sometimes they can be things people get to enjoy together (virtual lunch), sometimes people get to enjoy the benefits on their own (half-day Friday or time to volunteer in your community), and sometimes people might now want to do anything but still want to contribute (translate the collective recognition points and donate a connected $ amount to charity).
All of us are different, so a Collaborative Reward might be interesting to one group of people, but completely uninteresting to another. Here are a couple ways you can avoid this situation:
Collaborative Rewards provide an alternative to purely individual rewards. For teams that are distributed and always looking for new interesting ways to stay connected, team rewards are a way for people to work towards a common (fun) goal and enjoy the fruits of it: the sense of accomplishment of achieving the goal and sharing in the experience they worked towards.
HeyTaco provides a platform to create Collaborative Rewards that people can work towards by contributing their tacos earned through recognition. Some of the most popular Collaborative Rewardsour customers love are tacos for charity, tacos for virtual get-togethers (happy hour, lunch), and tacos for joint experience (game nights, escape room, buying a foosball table for the team to enjoy).
If you want to get your team started on a journey of gratitude and appreciation topped with Collaborative Rewards, download the app to your Slack or Microsoft Teams and watch the gratitude flow.