What Research About Ceremonies Can Teach You
The Advantages of Employees Awards
If you want to keep the spirit of you employees high you and your management should learn how to appreciate and recognize them by giving them employees awards. In the current situations, many employees are ready to leave their current jobs for better opportunities. By awarding the employees you will be able to retain the royal ones as well as the most hardworking employees. It is important for the management to set aside some amount from their budget that will be used for the employees award. If you don’t have an employee award program in your organization, know that you are missing out on a great and a healthy way to improve productivity, increase morale, foster loyalty, and increase worker pride in your workplace. High profit and greater customer satisfaction are as a result of increased worker pride in an organization. There several reasons why it is important to give employees awards.
Employees respond positively to the employees’ awards as compared to the financial awards and salary increment. When you award your employees with increasing their salaries they will have to bear the cost of the increased tax that can be dragged to the bottom line. You should consider the employees awards since they are cheaper than increasing their salaries. By giving an employee award you will increase a healthy competition among your employees thus increasing productivity. The productivity will be improved because all the employees will be working hard to achieve the award. High profits in the organizations are resulted by the increased productivity which is given by the employees hard work in order to achieve the employee award. Employees feel appreciated when they are given the employee award and this reduces the low turnover. Some of the benefits that you will gain by giving the employees award is loyalty, reduced cost in training and hiring new employees, and high employee retention.
Your customers get great customer satisfaction as a result of the happy employees that you make during the employee award. In a positive social settings your employees are able to socialize in honour of the employees award ceremony. The employees award ceremony should be arranged either annually or semi-annually.
An employees award can lead to good attitude in the organization which is contagious. The employees award generates happiness and energetic environment in the organization and this will affect the other employees positively. You can easily change bad behaviors in your organization by giving employees award. When you reward the outstanding employees, the recognition process motivates all the employees and they will move forward as a team. Employees awards can be given in different ways and they are much better than monetary compensation.
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