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Blog posts tagged with 'employee recognition awards'

Don’t Forget To Include Employee Awards In Your Company’s Budget

Don’t Forget To Include Employee Awards In Your Company’s Budget

How important is employee recognition in your company? How do you motivate your team to focus on the big picture? These are important questions to ask when running a business or being in charge of a small team.

Employee recognition makes a huge difference when it comes to having workers that just get by in their daily tasks or having ones that go above and beyond. When it comes to performance, awards are an opportunity for leaders to reinforce the purpose of the company, which makes employees want to work harder.

corporate awards

Here are four reasons to recognize high-performers at your company with awards:

1. Empower Your Employees

These days, it is hard to find people who have a commitment to solving big problems. When facing challenges, some workers may feel confused by problems, overwhelmed, and stressed.

Rewards can give your workers the confidence required to look for solutions, controlling the situation.

As an exercise, challenge your team members with high-performer objectives. They are opportunities to work for results and add value to the company, which can turn into future compensation in the form of a salary raise or another reward.

You can motivate your workers if you show them that they can achieve anything with their dedication, which allows them to think proactively to solve problems.

2. Rewards Can Make Your Team More Competent And Committed

Social value is one of the most critical factors when motivating people to do anything. How well optimized is the working environment?

When everybody in your team is working, it is much harder for an employee to lack the motivation to perform at the same level. Naturally, the worker will want to outwork other people in his space to get that social recognition.

Of course, competitiveness depends on company culture and values. If your rewards program encourages people to solve problems and work for results, people will focus on those factors.

Whenever you give a reward an employee in public, you will increase that sense of competition that every employee has inside. If you want to get the most out of recognition events, consider setting attainable but challenging goals to keep people engaged.

3. Working Long-Term

When an employee receives a reward, especially if it is an award, they will want to work harder for the company because they are looking to the big picture.

Whenever your company is going through hard times, awards remind employees that they can get over any obstacles. The bigger the reward is, the stronger the motivation will be to repeat that in the future, which leads employees to be more committed to their future projects.

Because of recognition, people feel more inspired to over-deliver at work in both the short and long term.

4. Constant Improvement

The second best way to motivate anybody is to use daily goals where you can constantly measure your progress.

Daily goals and achievements are a reduced version of the employee awards. Luckily, these micro objectives generate enough motivation to make workers accomplish the next day goals. Successful leaders know how to create paths with small goals to lead employees to get a big win in business.

Motivate Your Team With These Bonding Exercises

Motivate Your Team With These Bonding Exercises

 

Bonding with coworkers can improve the culture and ultimately productivity in the workplace. It's important to find the right activities for different types of employees and work environments. The following are several great exercises that can help teammates bond.

Trust and Bonding Games

Learning to trust co-workers is an important part of working together. There are several activities that can be used to increase trust levels. The classic egg toss is a great way to get two individuals to trust one another as well as adapt to the other's personal style

A scavenger hunt can be used for larger teams. Divide teams into groups of four or more to find hidden objects in a room. The team to find the most hidden objects wins.

Another simple bonding activity includes randomly drawing names out of a hat and placing all employees into groups of two. Each pair has less than five minutes to come up with five things they have in common with who they have been paired with. They also need to come up with five differences.

 

Problem Solving Activities

An example of a problem-solving activity would start by dividing employees into teams. Choose a facilitator not on any team to build a structure with Legos or other types of building blocks. One person from each team looks at the structure for 30 seconds or less. This individual then goes back and instructs the team to rebuild the structure from memory. The team that builds the structure as accurately as possible in a designated time frame wins.

Other problem-solving games might include attending an escape room to work together to find your way out using clues. Either verbal clues can be given or written clues left throughout the room. Divide employees into small groups of two to four. The first team to find the key and escape wins.

Also, Having puzzle contests is a way to keep bonding activities simple. Buy several of the same puzzle and divide employees into small groups. The first group to put together the entire puzzle wins.

Make Sure to Give Awards

Few things motivate people more than knowing there are prizes after all the effort. Award, trophies, and plaques from EDCO are a great way to commemorate teamwork. These can have a positive effect and make employees feel as if they have achieved something positive

 

How Do You Thank A Dedicated Retiree?

How Do You Thank A Dedicated Retiree?

For most companies there will come a time when a dedicated employee will decide to retire. Most will never ask for it, but nothing makes a retiree feel more valued than a proper send-off. It may hurt initially to lose such a great worker, but showing respect and appreciation during their transition goes a long way. If you aren’t sure about how to properly thank them for all of their hard work, EDCO offers many different trophies, awards, and plaques to help recognize employee dedication.

retirement award

  1. Give them something to remember.

    A great way to make a retiree feel important is to give them some sort of physical reminder of your appreciation. A recognition award, trophy or plaque is a great way to show your appreciation. If you feel it is appropriate, you can even add a custom engraving to make it more personal. Include wording that indicates appreciation for the value they brought to the company. When you present the award, take a few quality photos. This can also be gifted later to remember their special moments. You never know what will end up on their mantle.
  2. Find out their numbers.

    Most employees that are planning to retire have spent a number of years working for the company. It would be a great idea to find out the exact number of years they've been there (brownie points for knowing their start date). Recount any major milestones they contributed to or achieved on their own. Find out how many new employees they trained, how many sales they made, their production numbers, or that huge merger they were so crucial during. This information could be put on an award or mentioned in a speech to show them they matter.
  3. Consider your company's culture.

    When thinking of how to send off a retiree, especially if you are considering a party, think of the culture within your company. A smaller company would probably enjoy a potluck during lunch. A bigger, more corporate company may do a small catered lunch. Maybe a more formal after-hours office event would be better. Would it be more fitting to take a moment from a bigger company event, like a picnic or holiday party, to commemorate them? Think about what would be appropriate within your office without seeming too over the top or like you did not care at all. This is also a great time to be able to present them with their engraved award in front of the whole company.

Showing appreciation for long-time employees is a wonderful practice. Not only does it show that you are a caring employer, but it boosts morale for other workers. It shows the retiring employee and current employees that their company cares for all their hard work.

 

 

How to Encourage Employee Loyalty

Employee Loyalty is based on the ideology of obtaining employees who are committed to the prosperity of their organization. Employees also believe that no other organization could benefit them more than the one they are a part of. So how do you encourage employee loyalty? How can you restructure your organization to start tapping into the emotions of your employees?

employee rewards

Establishing an Employee Loyalty Program is a key component to implement in today's workforce. It can a make a vast impact on retention, engagement and even recruitment. Organizations should start by ensuring multiple criteria are met. One would be ensuring that your organization has suitable job conditions for your employees. Whether it be from office cleanliness to a positive work/life balance, ensuring the comfortability of your employees when spending 8 hours a day at the office is key.

Recognition and rewards are additional items to consider when designing your Employee Loyalty Problem that will help build the loyalty of your employees. This may be an obvious addition to your program but there is a right way and wrong way of doing this. For example, rather than giving an employee a promotion you can gather the organization together during a meeting and publicly recognize them with an award in front of colleagues. Either way the promotion will be received but what is different is the lasting impact to your employer, as well as other employees watching.

When focusing on the retention of your employees, an important question must be asked. Is your organization providing opportunities for growth and development? Promoting from within encourages employees to work harder, as well as gives them a sense of opportunity within the organization. When employees notice that they can be promoted at any time within the organization, it creates a fire within them to give the organization their 100%

The program should also focus on ensuring fair treatment for all employers. It should encompass everything within the loyalty program. Ensure there is no favoritism in the workplace to avoid resentment from others. To ensure that the employee feels valued, listening to all your employees is key for them to feel like their feedback is important. Train your leadership to treat all employers like an equal.

The overall goal of the Employee Loyalty Program is to minimize or eliminate employee turnover. Employee turnover is notably costly and can affect your bottom line. So identify the reasoning behind the departure of the employees and utilize the information as a foundation to your program. Build the program from the foundation and up with your employees in mind and prepare for happier and more efficient employees.

Why is employee morale so important?

High employee morale is an important component of a satisfied employee. Because morale affects so many aspects of a company, it should be constantly monitored by management. It's no secret that employers are on the receiving end of the benefits that result from people being happy at work. Companies also need to remember that low employee morale can have a negative effect on their bottom line.

employee meeting and awards presentation

High morale is important because of its role in keeping absenteeism low. Employees are much more likely to call into work, even when they aren't sick, when they want to avoid the office. Employers can't expect to get the most out of their employees if they aren't even there. In some workplaces, such as restaurants, other employees need to be called in when people are absent. This can lead to a scheduling nightmare as well as poor customer service if the establishment is understaffed.

On a similar note, unhappy employees are more likely to quit. This costs the company money in terms of constant hiring and training of new workers. If a company has good workers, it is much easier to make adjustments to keep those employees happy than to replace them. People who love their work are less likely to separate from employment.

A company that is known to have low morale may find themselves unable to meet staffing needs. Job searchers are less likely to apply for a job at an employer they've heard bad things about. If employees are unhappy, they commiserate with each other. This can make discontent spread around the workplace. Employees may also discuss their dissatisfaction with family and friends, which can lead to fewer applicants in the long run.

Productivity is positively affected by morale. Happy employees are productive and work hard to make their employers money. If employees have positive feelings toward their company, they will want their employer to succeed. If they feel the company's success will result in positive results for them, they will work hard. One great tool adopted by some of the world's largest companies are corporate awards and trophies designed to recognize and motivate staff members. Crystal awards are very popular and frequently used to honor top achievement.

A safer work environment is another benefit of high employee morale. Employers who are happy and engaged are much more attentive in their work. Boredom and depression rarely have a positive impact on safety on the job. When workers are distracted or can't focus because they wish they were somewhere else, accidents can happen.

Satisfied employees pay more attention to detail. If staff members actually enjoy their work and are interested in it, they will be more attentive. Fewer mistakes are made by employees, which translates into higher profits for the company.

Low employee morale often leads to employees working slower because they don't have the desire to hustle. In business, time is money. If workers are being lazy or just working slower than needed, this will cost the company. Employers should try to increase employee morale if this is the case. If employees can be convinced that they don't want to let down their team, they will be more motivated to do their fair share.

Increase Your Team's Commitment With Employee Recognition Awards

Many employees are disengaged at the workplace. With family obligations and monthly expenses, most people are driven to work out of necessity. Very few people are as loyal to the company as they are to the benefits, compensation, and core values of the business. This is problematic for companies who have a need to keep their turnover costs low. Increasing employee engagement is essential, and one effective way to do that is through employee recognition awards.

 

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Facts about employee motivation

 

Approximately 80 percent of employees tied the presence of a rewards program to feeling valued by their employers. Another 70 percent of employees admit that they would work a little bit harder if there were some sort of incentive program in place. In a 2014 survey, 50 percent of employees report feeling valued by their employer.

 

Importance of understanding the employee

 

Many employers mess up in offering rewards that aren’t aligned with what employees would find desirable. Personalized rewards will be better received by employees than those provided without giving much thought. Gifts that are a surprise and well outside of the normal incentives expected are wonderful ways to influence behavior. Consider the culture of your staff in addition to the budget.

 

Benefits of an incentive program

 

Communicating corporate values is something that is done during the onboarding process. It must be reinforced in order to encourage team members to adopt the culture. Incentives are a good way to tie culture to specific actions that can be taken by employees. You can encourage assimilation with targeted rewards.

 

When you lose an employee, it costs money to recruit and train a new employee. That’s very expensive for some companies. Research shows that companies with recognition programs experience a 31 percent lower voluntary turnover rate than companies who don’t have a recognition program in place. Companies save money by retaining top talent.

Productivity is tied to employee effort in some cases. Incenting employees to give their best effort through recognition program will improve efficiency and your company’s bottom line. It is much easier to encourage employees to achieve when you have desirable rewards being offered.

 

Replacing key employees is expensive. Recruitment is costly. Time spent vetting candidates and hiring them requires a significant investment in time and resources. Making a company desirable to employees requires the use of tools like incentive programs. When employees feel valued, they are more likely to remain onboard.

5 Ways to Increase Employee Retention

When you hire a worker, your goal should be to keep them for their entire career. While this may not be realistic for every person who becomes a part of your company, lower turnover will result in lower labor costs for the organization. Therefore, it is important that you create conditions that increase the odds that a worker will want to stick around for the years to come.

 

Recognize Their Achievements

 

No one wants to work for a company that doesn't recognize the hard work that he or she puts in. Therefore, it is always a good idea to call out your workers when they do reach a sales goal, hit a service milestone or do anything else that is worthy of praise. The best part is that it doesn't take much to thank your people for the things that they do to make the company a powerhouse in its industry. In most cases, a pin, a plaque or a $20 gift certificate is enough to show that the company cares.

 

Offer Them a Competitive Salary

 

Most people go to work each day because they need their paycheck to provide for themselves and their families. This means that a person is less likely to stay with your company if he or she can make more elsewhere. If you can't afford to pay a competitive salary, you may be able to make up for it with stock options or other benefits to increase a worker's overall compensation package.

 

Offer Room for Advancement

 

One of the easiest ways for a person to increase his or her salary is through promotions up the corporate ladder. While not everyone can go from janitor to CEO, you should aim to help your people get the most out of their skills. In some cases, you may be able to help a worker move up by creating new positions that are tailored to his or her skill set.

 

Act as a Mentor to Your People

 

In the business world, there is nothing more important than a relationship with another person. By acting as a mentor, you are creating one of the strongest connections a worker and manager can have. When you choose to mentor someone, you are telling that person that you care about his or success on a personal level. That type of loyalty is likely to be reciprocated, which may lead to lower levels of turnover.

 

Create an Enjoyable Workplace Experience

 employee awards day

If you can provide nothing else to your employees, provide them with an enjoyable workplace experience. This may include a game room, free breakfast on Friday or an atmosphere where colleagues are allowed to be social with both customers and each other. It is not uncommon for people to stay with a company because of the people who they work with or work for even when they aren't being paid top dollar.

 

The best companies are the one that treat their employees with respect. This is because employees who feel good about their employers will work harder to serve the needs of its customers. Furthermore, people are unlikely to leave a place where they feel valued and appreciated as this can be worth as much or more than any amount of financial compensation.

What is Employee Retention Really Worth?
Employee recognition helps with retention. Discussion of different recognition tools such as crystal awards, engraved plaques and employee of the month awards.
Improve your company retention through employee recognition
Improving employee engagement and retention through the introduction of performance recognition programs. Service awards, trophies and employee recognition plaques.
5 Ways to Increase Employee Retention

When you hire a worker, your goal should be to keep them for their entire career. While this may not be realistic for every person who becomes a part of your company, lower turnover will result in lower labor costs for the organization. Therefore, it is important that you create conditions that increase the odds that a worker will want to stick around for the years to come.

 

 

Recognize Their Achievements

 

No one wants to work for a company that doesn't recognize the hard work that he or she puts in. Therefore, it is always a good idea to call out your workers when they do reach a sales goal, hit a service milestone or do anything else that is worthy of praise. The best part is that it doesn't take much to thank your people for the things that they do to make the company a powerhouse in its industry. In most cases, a pin, a plaque or a $20 gift certificate is enough to show that the company cares.

employee goal achievement trophy

 

Offer Them a Competitive Salary

 

Most people go to work each day because they need their paycheck to provide for themselves and their families. This means that a person is less likely to stay with your company if he or she can make more elsewhere. If you can't afford to pay a competitive salary, you may be able to make up for it with stock options or other benefits to increase a worker's overall compensation package.

 

Offer Room for Advancement

 

One of the easiest ways for a person to increase his or her salary is through promotions up the corporate ladder. While not everyone can go from janitor to CEO, you should aim to help your people get the most out of their skills. In some cases, you may be able to help a worker move up by creating new positions that are tailored to his or her skill set.

 

Act as a Mentor to Your People

 

In the business world, there is nothing more important than a relationship with another person. By acting as a mentor, you are creating one of the strongest connections a worker and manager can have. When you choose to mentor someone, you are telling that person that you care about his or success on a personal level. That type of loyalty is likely to be reciprocated, which may lead to lower levels of turnover.

 

Create an Enjoyable Workplace Experience

 

If you can provide nothing else to your employees, provide them with an enjoyable workplace experience. This may include a game room, free breakfast on Friday or an atmosphere where colleagues are allowed to be social with both customers and each other. It is not uncommon for people to stay with a company because of the people who they work with or work for even when they aren't being paid top dollar.

 

 

The best companies are the one that treat their employees with respect. This is because employees who feel good about their employers will work harder to serve the needs of its customers. Furthermore, people are unlikely to leave a place where they feel valued and appreciated as this can be worth as much or more than any amount of financial compensation. 

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