What are the types of recognition?
Recognition can be classified into two main types: formal and informal. Formal recognition is planned, structured, and standardized, and usually involves awards, certificates, bonuses, or other tangible rewards. Formal recognition is typically given on a periodic basis, such as monthly, quarterly, or annually, and is based on predefined criteria, such as sales targets, customer feedback, or performance reviews. Formal recognition can help you celebrate major accomplishments, recognize outstanding performers, and create a sense of fairness and consistency.
Informal recognition is spontaneous, flexible, and personalized, and usually involves praise, feedback, thank-you notes, or other verbal or written expressions of appreciation. Informal recognition can be given at any time, by anyone, and for any reason, as long as it is sincere, specific, and timely. Informal recognition can help you acknowledge everyday efforts, encourage positive behaviors, and build rapport and trust.
Both types of recognition are important and complementary, and you should aim to create a balance between them in your recognition program.