The Best Sales Award Ideas and Programs

Giving your employees the recognition they deserve in order to keep them highly motivated, and working hard is a key in business. Although money is always a possibility, sometimes finances are limited and it is not an option.

Awards that have been customized to represent your business, and designed to make employees feel good about themselves is the answer. When presented correctly, these awards will make your employees proud of where they work and the job they do. Offering a variety of awards is always a good idea. Categories like the company’s best performer, the employee who has shown the highest sales increase and the number of sales an employee has made are a few good examples.

Asking your employees what categories they think should be considered will make them feel good about giving their opinion and will probably gather good results. Starting incentive programs for the employees is simple because it does not require exhaustive planning or high expenses for the company.

The Reasons Awards Are Better Than Money

When giving awards, be aware that gifts are not subject to taxes and fees like cash. Awards also do not have all the obligations entailed when awarding cash. With a gift, the employee sees the award as a representation of how many years they have been with the company. It becomes a constant and happy reminder of the years past and the contributions made over those years.

The employee knows they have been a valuable asset to their employer. When an employer awards cash, the employee tends to break the amount down into years. He or she sees the cash as payment for each year served and there is a dollar amount attached. This is not nearly as effective as the actual award and can sometimes cause serious problems.

The most valuable thing a company can do for their employees is to make them feel appreciated and needed. An award showing the specifics of something that employee did for the company is a very effective way to accomplish this goal.

How to Customize Business Awards

Making business awards personable by adding information concerning the nature of the award is an effective technique. What the employee did to earn this award is critical and should be remembered. Options like including the date the contribution was made, the name of the employee and the company’s logo will make this an impressive award.

When employees look at their awards, they should remember exactly what it felt like when they received the award. This will strengthen their bond to the company. Including something positive that is a personal representation of the employee is a good technique.

Depending on the circumstances, shape and size are also important factors. For example, if an employee is being awarded for the largest sale made in a year, having a very large award makes perfect sense. These awards are about customization. The better the customization, the better the value of the award.

What Is a Deal Toy?

Deal toys are also referred to as a financial tombstone. This name is common in the world of banking and finances. This is a gift that has been customized to suit the recipient and say “thank you” for a job extremely well done. Often, this gift is given in celebration of the conclusion of an important financial or business deal.

These gifts usually come in the form of a plaque or trophies. These plaques are given as souvenir’s during the celebratory closing. Sometimes they can also be referred to as a deal gift or a Lucite tombstone. These specialized rewards are made to be adaptable for all different shapes and sizing. There are also different types available to encompass a wide selection of industries. These keepsakes are important to their respective recipients as they let them know they are appreciated for the contributions they have made.

The History of Deal Toys

The actual term deal toy goes all the way back to the 19th century. This started because of some of the terminology used by printers at that time. After the big crash in 1929 occurred, very strict limitations were placed on any advertising done by the banks. This meant the banks could no longer advertise transactions of a financial nature. Both the banks and law firms made slabs of Lucite that went around their ads.

These ads were usually in commemoration of having reached certain criteria. The announcements for these events were being placed in Lucite. They very first deal toy made was around 1970.
A Mr. McDonald figured out Lucite was perfect for crafting deal toys as it was light ad inexpensive. Although he initially has some reservations, the banks and law firms were quite enthusiastic about his idea. This also save the companies a lot of money by eliminating the need to shop for these gifts in expensive, high end stores.

What Is on A Deal Toy?

Deal toys are usually engraved with a firm’s logo or name. The type of transaction being commemorated is included along with the name of the awards recipient. Depending on what type of a deal is being celebrated, both the type of deal and its financial implications may be included on the award as well.

Since this type of award typically goes to financiers, it becomes an effective marketing tool for long after it was presented. Investment bankers took so much pride in these awards, they were in constant competition over them. This resulted in the creation of gorgeous new designs as they each tried to outdo the others.
Mostly made of acrylic, deal toys are beautiful mementos. Some are made of stone, glass, wood or metal although they do not have the versatility of acrylic. These beautiful keepsakes are customizable in a variety of shapes and sizes and will be around for many years to come.

What Is a Service Award?

A service award is given to an employee based on the number of years they have been with the company. The Bureau of Labor states that the average employee only works for a company for just over four and a half years. Statistics have shown that anyone born in between the years of 1977 and 1997 are only going to commit to a job for just short of three years.

Since companies are choosing to honor their employees after five years of employment, this has become almost an impossibility. The most traditional of the service awards are given every five years. They begin with the employees first five-year mark and continue until twenty-five years have been achieved.

The theory is that if employers began giving these awards to their employees earlier, this may affect the length of time the employee chooses to stay with the company. By not beginning to give service awards for the full five years, some employees feel like their work does not have value.

Why Service Awards Work

Being recognized for hard work has a lot of meaning, especially if it has been personalized. When a company recognizes a person for specific achievements, that person feels appreciated and valued. This motivates them to not just work harder but to continue the same behavior that won them the award to begin with. When an employee feels that the praise given them was genuine, it becomes more meaningful.

It is helpful when an employer knows their employees well enough to decide if the award is better given in public or in private. Do not take too long a period of time to show recognition. An employee who is shown early on they are valued and appreciated will be more likely to stay with the company and be a model employee. Using social media to show an employee how well they are doing is also a great tool. The most important thing is to be certain your employees feel like their accomplishments are seen and appreciated.

How to Make Service Awards Valuable

A service award basically means you are saying thank you to an employee who has performed their job extremely well. To make a statement that has meaning, give them something they will always remember. Relate to the impact they have had on the company by accomplishing their tasks exceedingly well, and honor the achievement with a special award.

Offer different programs to your employees, each with some different criteria and set of tasks. This give employees a sense of determining their own path within the company, combined with the ability to be recognized for completing certain tasks effectively. This will show employees that you are openly trying to acknowledge their past, and hopefully future contributions to the company.
Simply put, if a person is happy with their job, they will remain with the company. If they are unhappy they will leave, and time and expense must be spent to train their replacement. This can be avoided with the proper recognition.