Every business owner and manager strives to keep their employees happy and engaged in their work, and with custom employee recognition awards, it’s possible to encourage all this and more. Happiness, engagement, fulfillment and other feelings/experiences can't be forced in the workplace, but fostering an environment that encourages positivity and allows employees to feel appreciated can help. Employee recognition awards are just one way you can work to make sure your employees feel appreciated, and they also offer many other surprising benefits.
1. Employee Retention
When people like where they work, they are less likely to leave. Employee appreciation awards are a great way to boost morale and show that the work being done matters! When employees feel like a valuable member of the team, they’re more likely to have a sense of loyalty. This not only saves you the time and money involved in training new staff but also can help for the recruitment of new hires in the future.
To recruit top talent in today's workforce, it’s essential to not only have competitive pay, but also a benefits package and culture that make your company stand out. A recognition program can show incoming recruits that employees are important to your company. That can give you a leg up on other companies going after the same talent. You can establish employee of the month awards, or come up with your own award ideas to highlight exemplary service and work being done. External recruits will see that not only are employees valued at your organization, but that their work is also highlighted and recognized publicly.
3. Internal Development
Creating a custom employee recognition program can help you to highlight the specific functions and actions that are important to your business. Keeping track of who has won employee service awards will help when looking to make internal promotions and hires. For best results, don’t simply have management hand awards downwards. Create awards to be given horizontally from employee to employee. This approach can bring to light which of your workers are looked up to as leaders. This can be especially important when making promotions to management roles.