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Joseph Letzelter – Reasons for giving employee awards

04.27.2009 · Posted in Home and Garden Articles

If you don’t yet have an Employee Award Recognition program at your company, you are missing out on a best way to increase productivity, boost morale, foster loyalty, and increase worker pride in the workplace which translates into higher profits and greater customer satisfaction.rnThe following list should provide the ammunition you require to implement a workplace awards recognition program:rn1) Employees respond to getting recognition even more than financial rewards and pay increases. Since any increase in pay or salaries has hidden costs like higher taxes that can be a drag on the bottom line, a relatively inexpensive award plaque, trophy or medal provides far more bang for the buck. Giving employee awards is cheaper than rising salaries or benefits.rn2) Healthy competition between employees will raise productivity as each employee strives to be a top performer and earn the recognition for his or her efforts. As employees compete for the coveted recognition award, productivity increases translate to superior profits for the companyrn3) Employees that know they are appreciated are extra loyal, which means lower turnover, higher employee retention, and less time and expense hiring and training new employees.rn4) Employees recognized by their companies are more pleasant and joyful in the workplace, which spills over into customer satisfactionrn5) An employee

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