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The Importance of Employee Awards

An organization’s management should learn how to give their employees awards if you want to keep their spirits high. For employees spirits to be kept high, the organization’s management should learn how to give the employees awards. In the current situations, many employees are ready to leave their current jobs for better opportunities. If you want to retain the royal and the most hardworking employees in your company you should learn how to award them. A company should set aside some resources from their budget that will be used for employee awards. 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.

You will find your employees responding positively to the employees’ award compared to financial awards and increasing their salaries. 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. When the employees are working hard to achieve the top performer employee award the productivity increases and it translates to higher profits of the organization. When you give the employee award, your employees will feel appreciated and there will be a lower turnover. By giving the employees award you will get a royalty, high employee retention, and a reduced cost of training and hiring new employees in return.

As a result of the employees award your employees become happy and this results in better customer satisfaction. During the employee award ceremony you give all your employees a chance to unify in a positive social setting. 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. By rewarding your employees you will get happy and energetic employees and this will affect other employees in the industry positively. You can easily change bad behaviors in your organization by giving employees award. The outstanding employee recognition process motivates all the other employees and they will move forward as a team. Monetary award is expensive an organization should consider giving the employees awards in different way that is cheaper compared to the monetary award.

Citation: http://www.zenruption.com/zenbusiness/12/29/avoid-the-after-holiday-slump-by-boosting-employee-spirits-1