The document discusses an applause board, which is a peer-initiated recognition system that allows employees to recognize and reward contributions from their colleagues. It notes that peer recognition can foster employee engagement, retention, customer retention, and satisfaction by rewarding strategic contributions and insights. The system works by allowing peers to submit recognitions including the contributor's name, contribution, result, and their name as the sender. Peers and managers then vote on submissions, which are calculated and displayed on the applause board with the highest scoring recognition. The board is customizable and configurable by the company.