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.