Initiates the concept of Flipping the ‘R’s to Drive Organisationsal Success
New Delhi, India, 17th October 2024: Vantage Circle, the world’s leading Behavioural-Science-Powered Global Employee Engagement SaaS-Platform delves into the Power Talk on the pivotal role of Recognition in workplaces, at a conference in New Delhi. The conference highlights the pivotal role of Recognition- surpassing traditional rewards in enhancing workplace culture and driving organisational success. The session, under the theme “Flipping the ‘R’s: Importance of Recognition in Building Culture“, highlights how timely and effective recognition can shape a positive and productive workplace environment.
The concept of “Flipping the R’s” represents a shift from a focus on material rewards to prioritising meaningful recognition. Recognition in the workplace is not just about occasional rewards or annual bonuses; it’s about creating an ongoing culture of appreciation that permeates every level of the organisation.
As workforce dynamics evolve, so do employee expectations and values. While many companies have adopted recognition and rewards (R&R) programmes over the years, these initiatives often fall short due to a lack of strategic alignment with changing organisational goals. Recognition is powerful because it addresses two fundamental human needs—’Belonging’ and ‘Esteem’—as outlined in Maslow’s Hierarchy of Needs. When designed effectively, R&R programmes can align these needs with organisational priorities and desired outcomes, driving meaningful behavioural changes. By consistently acknowledging the efforts and achievements of employees, companies can cultivate a motivated, loyal, and high-performing workforce.
This year at the 13th SHRM India Annual Conference, Mr. Partha Neog, CEO and Co-founder of Vantage Circle shares his extensive insights on effective strategies to integrate recognition into the core values of an organisation. Joining him in the keynote session, is Sunita Rebecca Cherian, Chief Culture Officer & Senior Vice President of Corporate Human Resources at Wipro, and a distinguished member of the Wipro Executive Committee.
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Together, they delve into the significance of recognition in the workplace, discussing practical approaches and the tangible benefits that organisations can achieve. This session offered a deep insight into why companies should prioritise a culture of recognition to attract, retain, and motivate talent.
Speaking on this, Mr. Partha Neog, CEO and Co-founder of Vantage Circle said, “Recognition is not just a HR function, but a strategic tool that leads to more engaged employees and subsequently, a more resilient organisation. When employees feel valued for their contributions, they’re more likely to invest their energy and creativity into their work. This sense of appreciation cultivates loyalty, reduces turnover, and encourages positive behaviours that align with organisational goals. By making recognition an integral part of company culture, businesses can create an environment where employees are motivated to excel, leading to sustainable success and long-term growth”.
