Everyone enjoys being appreciated for a job well done. Corporate awards can express appreciation and provide recognition for efforts, celebrate accomplishments, or years served. It can serve as a simple thank you that makes employees feel good about their job. But there are also several ways it benefits your company directly.
Build Team Culture
When corporate awards incorporate peer-to-peer recommendations they can boost team spirit in the workplace. Rewards help encourage staff to be team players and see positive attributes in others they work alongside. Allowing coworkers to nominate others for specific rewards can be empowering and a demonstration of how they value each other and their opinions.
When employees are engaged with the business, they are more likely to promote the brand both off work and at work. When you reward hard work, you generate loyalty and help your team to build and sustain an emotional bond with the company.
Having a high staff turnover rate can lead to poor morale. That can lead to workers looking for satisfaction at work elsewhere. Retaining staff should be a priority since it can be costly in both time and resources to train new staff. Providing rewards and incentives can provide employees with a tangible reason to stay.
Fulfilled employees are happier and more easily motivated to increase performance because they feel positive about the company. Corporate awards can be part of treating staff with gratitude and respect, so they will want to do a good job in return. Positivity is also felt company wide and creating a happy work environment will help people want to be a part of it.
Attract New Talent
Creating and sustaining an award program within your company can have the added benefit of helping attract and keep the most talented in your niche. People have a tendency to want to work in an environment where they know their talents are going to be recognized. That can be instrumental in helping employees visualize, reach for and even exceed benchmarks and goals.
Three Reasons to Implement a Reward Program
Besides the direct and indirect benefits your company will receive, there are three reasons to incorporate a reward program into your business’ culture.
- It is cost-effective.
- It is contagious.
- It is fun!
Implementing a Corporate Awards Program
There are a few ways to implement a rewards program on the corporate level. Here are some suggestions for types of corporate awards you can present.
- Peer-to-peer recognition where staff is empowered to celebrate each other’s accomplishments, attitudes or outstanding performances
- Long service awards to celebrate milestones of loyal staff members
- Instant recognition to provide visible awards to employees immediately
- Rewards to honor staff who work hard and achieve positive or productive results.
Tailor your program to your company so it reflects your brand and your culture. A well planned, well executed corporate awards program can have a large positive impact on your company.
Let us help you improve productivity and build a positive culture in your company. Contact us today at 404.373.3544 for more information about corporate awards and how we can help you!