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Discussion Post for week 6, Exercises of Business Economics

Week 6 discussion post and responses

Typology: Exercises

2024/2025

Uploaded on 05/13/2025

hardeep-samra
hardeep-samra 🇨🇦

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Workforce Strength Response:
A major strength in K&N Management’s approach to workforce focus is their strong emphasis
on employee recognition and reward systems. K&N has developed formal programs to
consistently acknowledge employee contributions, both for individual achievements and for team
performance. They use tools such as "WOW cards" and public recognition during meetings to
celebrate excellence. This process not only boosts morale but also reinforces the culture of
excellence that the organization wants to maintain.
Recognition systems are critically important because engaged and appreciated employees are
more likely to stay committed, show discretionary effort, and deliver high-quality service to
customers. In high-stress environments like healthcare, where burnout is a common challenge,
consistent and meaningful employee recognition becomes even more essential. My organization
has also begun emphasizing peer-to-peer recognition through staff appreciation campaigns,
especially during major change efforts like the COVID-19 pandemic and the ongoing health
system transformation. The positive feedback from staff during these campaigns showed how
small, sincere recognition efforts can have a disproportionate impact on morale.
Recognition programs at K&N support larger organizational goals by strengthening employee
engagement and reinforcing core values. Recognition is not just spontaneous; it is tied to
behaviors that align with the company’s mission and quality standards. This strategic alignment
is similar to what Shared Health is trying to achieve through initiatives like our Provincial Health
Human Resources Action Plan, where staff engagement is seen as directly linked to system
performance outcomes such as patient experience and continuity of care. By linking recognition
to mission-driven behaviors, organizations ensure that celebrations are not random but
purposeful, further embedding desired behaviors into daily work.
Furthermore, K&N’s emphasis on employee recognition also supports retention and reduces
turnover, which is crucial in any service organization. High turnover can be very costly both
financially and culturally. Within my organization, we have seen that areas with strong team
cohesion and frequent positive reinforcement from leadership tend to have much lower turnover
rates than areas without such practices. Retention is particularly important in healthcare due to
the steep learning curves and specialized skills required in many roles (Faubert, 2024). Investing
in employee recognition, as K&N has done, is a relatively low-cost, high-impact strategy that
more organizations, including those in healthcare, can replicate.
In summary, K&N’s strong, formalized approach to employee recognition is a workforce
strength because it drives engagement, supports cultural alignment, and contributes to critical
outcomes like retention and service quality. Shared Health’s growing focus on similar workforce
strategies validates the importance of K&N’s model. Organizations that prioritize meaningful,
mission-aligned recognition are more resilient, better able to navigate change, and ultimately
more successful in achieving their strategic goals.
Reference:
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Workforce Strength Response: A major strength in K&N Management’s approach to workforce focus is their strong emphasis on employee recognition and reward systems. K&N has developed formal programs to consistently acknowledge employee contributions, both for individual achievements and for team performance. They use tools such as "WOW cards" and public recognition during meetings to celebrate excellence. This process not only boosts morale but also reinforces the culture of excellence that the organization wants to maintain. Recognition systems are critically important because engaged and appreciated employees are more likely to stay committed, show discretionary effort, and deliver high-quality service to customers. In high-stress environments like healthcare, where burnout is a common challenge, consistent and meaningful employee recognition becomes even more essential. My organization has also begun emphasizing peer-to-peer recognition through staff appreciation campaigns, especially during major change efforts like the COVID-19 pandemic and the ongoing health system transformation. The positive feedback from staff during these campaigns showed how small, sincere recognition efforts can have a disproportionate impact on morale. Recognition programs at K&N support larger organizational goals by strengthening employee engagement and reinforcing core values. Recognition is not just spontaneous; it is tied to behaviors that align with the company’s mission and quality standards. This strategic alignment is similar to what Shared Health is trying to achieve through initiatives like our Provincial Health Human Resources Action Plan, where staff engagement is seen as directly linked to system performance outcomes such as patient experience and continuity of care. By linking recognition to mission-driven behaviors, organizations ensure that celebrations are not random but purposeful, further embedding desired behaviors into daily work. Furthermore, K&N’s emphasis on employee recognition also supports retention and reduces turnover, which is crucial in any service organization. High turnover can be very costly both financially and culturally. Within my organization, we have seen that areas with strong team cohesion and frequent positive reinforcement from leadership tend to have much lower turnover rates than areas without such practices. Retention is particularly important in healthcare due to the steep learning curves and specialized skills required in many roles (Faubert, 2024). Investing in employee recognition, as K&N has done, is a relatively low-cost, high-impact strategy that more organizations, including those in healthcare, can replicate. In summary, K&N’s strong, formalized approach to employee recognition is a workforce strength because it drives engagement, supports cultural alignment, and contributes to critical outcomes like retention and service quality. Shared Health’s growing focus on similar workforce strategies validates the importance of K&N’s model. Organizations that prioritize meaningful, mission-aligned recognition are more resilient, better able to navigate change, and ultimately more successful in achieving their strategic goals. Reference:

Faubert, E. (2024). Which provinces struggle the most to keep young nurses? Montreal Economic Institute. https://www.iedm.org/which-provinces-struggle-the-most-to-keep-young- nurses/