As a business owner or manager, it is critical that your staff feel appropriately appreciated for all of the hard work they perform on a daily basis. Workers are frequently encouraged to work harder when they realize that there is more to getting the task done than merely earning a pat on the back; especially if there are incentives involved.
This level of involvement is critical to reaching and surpassing individual and group goals. As well as keeping the company’s bottom line healthy. Hosting an awards ceremony once a month, once a quarter, or once a year is one concept that may help your firm keep on track for success.
This usually guarantees that employees are acknowledged and rewarded for their efforts. But also that everyone in the audience gets a sense of the type of high-quality work the recipients of the awards have put in.
Making the Correct Decision
If you want to have frequent awards ceremonies for your employees, you must first put in place an awards and employee recognition program. This will require considerable work, but it will significantly influence both what you offer as awards and the categories in which they are awarded.
As a general rule, most kinds of awards will be appreciated. But there are certain prizes that will stand out more than others.
Some employers, for example, tend to hand out gift cards to local online stores or shops. However they may not be fully appreciated because they do not necessarily demonstrate that the employer put a lot of consideration into the purchase. A physical item, on the other hand, provides recipients something they can look at or use on a regular basis. It will act as a reminder of not just how hard they work but also how much the firm appreciates that effort.
Try an intangible reward such as a team lunch for a whole group that accomplished its goals in a particular period. Or an additional day off for someone who went above and above will definitely be appreciated.
Consider These Award Categories
The following suggestions for categories worthy of recognition at your awards ceremony are just a few examples of where you may begin this process. While not all of them may be appropriate for your firm, the following award categories are worth investigating.
Monthly, quarterly, or annual employee of the month
While this is a pretty regular sort of award, it is still important to consider how beneficial such recognition may be. Perhaps the strongest approach here is to narrow it down. From a company-wide top employee to going department by department to find and recognize the finest all-around performers. It is critical to recognize these personnel on a regular basis.
Top Achievers
There is a small but discernible distinction between high achievers and employee of the month winners. The former’s successes may be more measurable but the latter would still meet a lot of high-end standards or targets. But they may have more intangible assets than your top salesperson for example.
With this in mind, you should work to establish clear standards for this recognition program. Provide all workers with quantifiable outputs with the chance to strive for more through well defined reward systems.
Recognition from peers
While any sort of employee recognition is beneficial, this specific aspect could be extremely beneficial. Provide employees the opportunity to be acknowledged by those who work beside them every day. This will mean more to them than being honored by a management or executive committee.
The rationale for this is understandable; peers realize how difficult a winner’s work may be, and they recognize the influence that person has on the team.All you’ll need to get this award started is some staff nominations or voting. This is followed by some time to collate the results.
Team Players
Not everyone can be a top performer. However workers who work hard and contribute to the office’s morale deserve to be recognized. Create an award to recognize employees who make the greatest contributions to your working culture. This will most certainly help everyone retain a closer relationship with the individuals they work with every day.
Work-related Anniversaries
While this isn’t necessarily an award, it’s nevertheless essential to recognize when an employee achieves a milestone with your organization. Whether it’s an award for one year or even a decade of service; acknowledging the many months or more of hard work they’ve put in will help them feel appreciated.