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How a UK financial services company sent 1.2 million recognitions in just 2 years

Table of contents

    Topics Covered:

    Employee engagement

    Client profile

    • Financial services group
    • Group-wide recognition
    • 70,000+ colleagues

    Programme objectives

    • Create a consistent employee experience
    • Increase employee engagement
    • Build a customer-first culture across 12 divisions

     

    Initial uptake of the programme was very quick, with additional incentive events used to encourage subsequent account activation — within 6 months, 90% of employees were active in making recognitions, and this has continued to rise to the almost 100% we see today.

    How are employees recognised?

    • Peer-to-peer social recognition
    • Long service awards & divisional awards
    • Points to spend on a catalogue of items/ activities

    Since the launch, various campaign options have been added, helping to keep employee interest high and drive continued interaction with the recognition programme.

    Different activities rolled out over the last year include: 

    Recognition during COVID-19 pandemic

    The programme came into its own during the COVID-19 pandemic, as a key communication link for boosting staff morale and motivation, which ensured everyone felt part of the team despite fragmentation of the workforce.

    Lockdown 1

    The challenge

    90% branches stayed open 50,000 employees worked from home How to mitigate this sudden, disorientating event?

    The solution

    Increased budget to support the additional recognition of front-line workers in branches Recognition helped create an ‘in-it-together’ feeling across the company.

    Lockdown 2

    The challenge

    Traditional office Christmas lunches and events could not take place How to boost employee morale?

    The solution

    Transfer of employee annual function allowance to the recognition budget. Each member was awarded points from their function allowance. A popular food delivery option was added to the catalogue to support employees’ requests to order festive food for themselves and their teams.

    2 year anniversary campaign

    To celebrate 2 years of introducing this highly successful recognition programme into the business, a campaign was run with a focus on driving specific engagement behaviours.

    Prize draws were set up, with 5000 points to be won in each of five categories. Winners were randomly selected from those employees doing the following within a set period:

    • Profile picture uploaded
    • Account activated
    • Recognition sent
    • Recognition sent to a colleague in a different division
    • Recognition sent to a leader

    The campaign saw a 15% increase in recognitions sent, compared with the same period in the previous year.

    Continued success

    Their recognition programme has been, and continues to be, a great success. The statistics speak for themselves: 

     

     

    “A major plus point of our system is that it enables cross function and division recognition — which means that achievements can be celebrated throughout the whole company. And recognition is not one-way, so employees can recognise their managers if they wish.”

    Read more recognition success stories

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    #makingadifference almost 2,000 recognitions in one month

    Sustainability 700+ recognitions

    Annual awards Nearly 2,000 more nominations year over year

    99% activation

    57% monthly active usage

    >1.2 million recognitions in 2 years

    9 point increase in engagement score

    Business size

    Mid-market

    Industry

    Financial services

    Topic

    Employee engagement

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