Recognition and Awards Programs
Effective employee recognition enhances employee motivation and satisfaction, increases employee productivity, and contributes to improved organizational performance. Employee recognition can be used for a wide variety of achievements and contributions, such as performance excellence, innovations and improvements, and length of service.
Recognition and Awards Programs can:
Reinforce company goals
Strengthen an employee's image of your company
Foster employee loyalty and instill a climate of trust
Encourage personal achievement and reward performance
Build relationships
Reduce turnover by up to 50%
Create a 38% increase in productivity
Cause a 27% increase in profitability
According to a recent Gallup survey of more than 80,000 employees, recognition is a key factor in employee satisfaction and retention. The purpose of this survey was to “identify the consistent dimensions of quality workplaces, defined as those in which four critical outcomes - employee retention, customer satisfaction, productivity, and profitability - are all at high levels.”
Recognition and Award Programs can play an
important role in the success of your company. In times
when corporations are looking for every avenue that can ensure success, don’t overlook those that can - and do - help you achieve: the employees of your organization. Recognition as a business tool doesn’t have to break the bank. In fact, it is a wise investment that will create lasting value and achieve a long-term return. All it takes is thought, care, and a willingness to acknowledge that recognition means something to your most valued and important assets: the people who are your company.
Contact Awards Nashville at 615-255-1111 for all of your awards and engraving needs.
Article and information are from Visions/Awardcraft.
