There are many company executives who question why one should hold corporate awards or recognition at all? This is a common question and there are many experts who have time and again stated that while cash compensation which the employees receive while they work what motivates them to perform better is the recognition that they receive. The custom medals or the trophies which they receive make them feel that there is someone who has recognized what they have done and it matters to the organization.
If you are one such organization which is thinking about whether holding an award night and distribution the custom made medallions is something that you wish to do then there are certain benefits that you must be aware off so that you know what should be your next event plan. This article talks about just a few out of the many benefits which are enjoyed by the organizations which hold yearly award nights.
Recognized Employees are Happy Employees
Every organization makes so many efforts all the through the year to ensure that they provide a happy work environment. Something which is most powerful amongst all these efforts is the event night. When there is recognition of the work right in front of everyone they are happy. When they go home with that feeling you know that you have reached your target. The results will not just be high productivity but a great brand name of the organization in the outside market.
Leadership Appreciation
It is not just that employees go home and just feel happy about themselves they in return provide the same warmth and feeling to the leaders. If they are recognized they will make every effort possible to ensure that the ones who have helped them guided them are appreciated in return which creates a wholesome atmosphere in the organization.
Less Attrition
The main reason as stated by many surveys for employees leaving the organization is mostly related to their work not being recognized and less to do with their salaries and compensations. When this situation is avoided by creating a platform for every work worth recognition is being recognized the employees stick around for long. If this is followed the talent will not have any reason to leave the organization.
The custom medals make the whole thing more personalized and the quality assurance makes the award winners keep them for long.
