How can companies encourage a culture of peer-to-peer recognition and support to supplement formal recognition and awards programs within the organization?

Companies can encourage a culture of peer-to-peer recognition and support by promoting open communication and collaboration among employees. This can be done through regular team meetings, sharing success stories, and creating opportunities for employees to give each other feedback and praise. Additionally, managers can lead by example by recognizing and appreciating their team members publicly, which can inspire others to do the same. Providing training and resources on effective feedback and recognition can also help employees feel more comfortable and confident in recognizing their peers.