"How can companies measure the impact of peer recognition on employee motivation and performance, and what strategies can be implemented to continuously improve and enhance peer recognition programs?"

Companies can measure the impact of peer recognition on employee motivation and performance by conducting surveys, tracking key performance indicators before and after implementing a peer recognition program, and analyzing employee engagement levels. To continuously improve and enhance peer recognition programs, companies can regularly solicit feedback from employees to identify areas for improvement, provide training to employees on how to give effective recognition, and create a culture that values and encourages peer recognition. Additionally, companies can establish clear criteria for recognition, offer a variety of recognition methods, and celebrate successes publicly to increase the impact of peer recognition programs.