# What is a Recognition Program?

A recognition program systematically rewards employees for contributions. SMEs use it to create culture and improve engagement.

Source: https://faqtic.co/glossary/recognition-program

## Why it Matters for SMEs

- Boosts morale
- Improves culture
- Retains staff

## Example in Practice

Recognition notes stored in Factorial reviews.

## Frequently Asked Questions

### Why formalise recognition?

To ensure fairness.

### Costly?

Not necessarily, recognition can be low-cost.

### Tools help?

Yes, track notes and feedback.

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