Why Give Employee Awards?

By Author: Stam Bett
Total Articles: 452
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An Employee Recognition program is one of the best ways to improve productivity and morale, encourage loyalty and help your employees take pride in their work, all of which means higher profits for your business and higher customer satisfaction. If you're thinking about setting up a new employee recognition or awards program at your business, here are just some of the reasons why it's so important.

Employees Respond Better to Award Plaques than Financial Gifts
It may seem hard to believe but employees will actually respond better to receiving award plaques than a pay raise or bonus. Considering the additional taxes for both parties with a wage increase, relatively inexpensive employee recognition awards can be the best option for both parties.

Encourage Competition
An employee recognition program also encourages a bit of healthy competition among employees, resulting in greater productivity as everyone strives to earn the top place and receive much-deserved recognition. Some companies choose to keep track of sales or other milestones on a large board so employees can see where they stand. Employees ...
... in second, third or fourth place will be spurred on to work harder when they see they're only a few sales from the top. When employees compete for recognition awards, your company will enjoy higher profits.

Encourage Employee Loyalty
Avoid expensive turn-over and training by appreciating and recognizing the employees you do have who work hard for your company. This result in greater loyalty and employee retention and reduced turnover and less money spent hiring and training new people. An awards ceremony in which corporate awards are given also encourages a close-knit setting at the workplace and a chance for the business to become more social.

Increase Customer Satisfaction
Employees who are happy at their workplace and feel like their hard work is appreciated are more pleasant at work, which of course affects customer satisfaction. No one enjoys patronizing a business full of unhappy employees who don't care for their job!

Corporate awards can also be used to reward employees for great performance and motivate others to get your company moving in the right direction together. There are many ways to give out employee recognition awards and it's virtually always cheaper than a pay raise or bonus while producing real results. This inexpensive token of your appreciation doesn't just keep your employees happy; it boosts productivity and your own profits while ensuring your customers remain happy and come back time and again. Whether you choose affordable acrylic awards or high-end engraved plaques and whether or not a ceremony is involved, you can be sure you enjoy these benefits by showing your hard-working employees the attention they deserve.

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