Why There’s a Need for Tangible Awards for Your Employees
When an employee commits his work for an organization, they like the company to recognize their effort with the people or their coworkers whom they spend most of their time with.
Recognizing the contributions employees make to an organization helps solidify the company’s awareness and affirmation of something which a company holds as valuable and highly priced. People are wired differently and public recognition is not warranted for every social style, yet even the most introverted person will appreciate being appreciated for a job well done.
When an employee is appreciated at work, especially if there is a tangible reward for it, then the employee’s engagement is encouraged and it boosts his productivity since it follows that an engaged employee is more productive that an employee who is not.
So if there are company efforts to praise and reward jobs that are well done, it not only helps motivate the employee to perform better, it also affects the other workers to work harder so that they, too, will receive one for themselves. There is nothing wrong with encouraging an employee’s engagement in this manner.
Another results of companies expressing support for the efforts of their employees help the company in employee retention. Companies should take employee retention seriously because if there is high staff turnover, the effect can be a low morale for the remaining ones and they would someday want out too. The company should exert more effort in retaining employees than in looking for replacements and training them anew. It is very costly to find and train new employees compared to rewarding good ones.
The brand of your business can easily be promoted by employees who are deeply engaged with the business rather than people who could care less about what happens to the company. If you reward employees for their hard work, then it would encourage employee engagement and loyalty to the organization.
When a business has great output or is very productive, it does not only show the effort of the team leader but it shows that there is a peer-to-peer cooperation with the members of the team. Therefore the need to also distinguish and recognize the people behind the effort is just as important. It is not about tenure, but the contribution that each one brings for the success of the team. So if mediocre workers are excluded, then the team is well placed. And if rewards for efforts are put in place, then they can work each day with that kind of determination. This is the essence of team culture.