One way to make employees feel valued and appreciated is to have company award ceremonies several times during the year. Reward good work and achievement with trophies and awards of different kinds. Some people prefer awards that are more usable, such as beverage cups or tumblers, clocks, or gift certificates accompanied by plaques. Consider making the traditional company achievement awards mean more with surprises added to them.
Making Corporate Awards More Exciting
What if the normal company achievement awards such as plaques, cups, or tumblers had gift certificates attached to them for a free meal at a great restaurant, a country club or health club membership, or a shopping spree online or at a favorite store? Another way to improve company awards is to have more meaningful messages printed on them along with the recipient’s name and other information. Giving corporate awards can be fun and more supportive to valued employees at a time when employee retention is a problem many companies face.
If an employer takes the time to know what employees value, it will be easier to give better awards when the time comes. Everyone likes a few plaques to hang on their wall and show the world their achievements but, over time, they need a little more and a few different awards to feel special. What if the company made raises coincide with an award ceremony so those receiving awards for achievement found a notice of a generous raise attached to them?
Putting an Awards Program in Place
If your company doesn’t already have an employee awards program in place, now is the perfect time to establish one. An awards ceremony offers a valuable opportunity for both employees and management to come together and celebrate achievements. Recognizing team members with meaningful tokens, such as 3D Laser Engraved Corporate Awards, is a powerful way to show appreciation for their contributions to the organization.
That said, a successful awards program should be thoughtfully planned and launched with some fanfare. Clearly communicate the criteria, categories, and rules to all employees, so they understand how recognition is earned. Awards should be memorable and meaningful—something that resonates with employees long after the ceremony. Recognition can be given for a variety of accomplishments, including successful project completions, cost-saving initiatives, outstanding performance, teamwork, work anniversaries, innovative ideas, and more. When done right, an employee awards program fosters motivation, boosts morale, and strengthens company culture.
The Benefits of Corporate Reward Programs
A company that has award ceremonies for its employees can reap a few benefits that make those awards worth the investment. A company that pays its employees generously and adds an awards program will see benefits. Employee recognition programs and awards bring a company these benefits:
- There may be better employee retention.
- Employee loyalty may be enhanced.
- Employees may become more engaged.
- Employees will give the company higher productivity.
- The company can attract top talent.
- Improved employee satisfaction
- The company culture will be improved.
Doing Awards Right
For awards to have the most benefit for both the company and its employees, it is important to follow a few guidelines. More frequent awards programs are better than yearly ones. Recognizing employees for their hard work several times a year keeps employee morale higher throughout the year.
Make sure the awards program is aligned with the company values, the company brand, and the type of employee experience the company wants to create. What are the employee behaviors that should be encouraged?
Incorporate public recognition into the awards program so employees feel more important. Publishing company awards in a newsletter, the local paper, or on the company website elevates the awards to a new level.
Consider having an awards point system in place so employees earn points for achievements during the time leading up to the awards ceremony such as successful completion of team projects, meeting sales goals, contributing in various ways to the company’s success, etc. The points can be a deciding factor in the type of award they are given.
Finally, don’t be stingy with the number of awards handed out on awards night. Give awards that show the company values all of its employees and then give larger awards for the top achievers.
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