A peer-to-peer recognition programme called Champions at global company Siemens has paid out the equivalent of more than £3.8 million in awards to employees since its launch in May 2009. The programme is designed to align with Siemens’ company values, driving employee behaviours that support responsibility, innovation, excellence and its commitment to zero harm.
The scheme is anchored in peer-to-peer recognition, offering employees the opportunity to nominate colleagues’ exemplary behaviour and reward one another through a tiered system, starting with a simple eCard 'Thank you' up to high-value gold awards presented at a glitzy annual ceremony. A points total representing the value of a monetary award is deposited into an individual’s P&MM reward account and employees can select how to redeem it.