How can companies incorporate peer-to-peer recognition programs into their overall recognition strategies to further enhance employee motivation and performance in the long-term?

Companies can incorporate peer-to-peer recognition programs by encouraging employees to nominate their colleagues for recognition based on specific criteria, such as teamwork, innovation, or going above and beyond. This creates a culture of appreciation and support among coworkers. Additionally, companies can tie peer recognition to rewards or incentives to further motivate employees to participate. By integrating peer-to-peer recognition into their overall recognition strategies, companies can foster a sense of community and camaraderie, leading to increased employee engagement, motivation, and performance in the long-term.