"In what ways can peer recognition positively impact workplace culture and collaboration among team members, and how can companies measure the success of their peer recognition programs in enhancing overall employee engagement?"

Peer recognition can positively impact workplace culture by fostering a sense of teamwork, boosting morale, and increasing motivation among team members. It can also improve collaboration by promoting a culture of appreciation and support. Companies can measure the success of their peer recognition programs by tracking employee engagement levels, conducting surveys to gather feedback on the effectiveness of the program, and monitoring any improvements in team dynamics and productivity as a result of the recognition initiatives.