A pat on the shoulder, a thank-you note, a gift certificate, or a few thanks is not always enough to recognize the efforts and contributions of a hard-working and sincere employee at a company. If you are looking for awards & trophies for sports, corporate, cups, medals, plaques then it can be customized by some online service providers.
Image Source: Google
Statistics show that companies spend $ 100 under and $ 300 on employees identifying employees. Inexpensive medals and trophies, acrylic plaques, or prizes were given away at a tantalizing award ceremony are sure to boost employee morale at a fast pace. Increased morale ultimately affects sales plans and employee turnover. To increase employee recognition fees!
Here are the reasons behind the increased employee recognition costs
Employee turnover is currently higher than before. More employees leave the company than employees. It is found that employee recognition programs increase employee retention.
Company employees experienced a change from a teaching culture to a knowledge culture. Employees are not expected to carry out only their core functions. They are now expected to contribute to innovation, strategy development, and more to increase productivity and customer satisfaction. Thanks to this additional contribution from employees, the employee recognition program are essential. Rewarding employees for the extra effort motivates them to continue making extra contributions.
Unlike in the past, the HR department has taken an individual approach to analyze each department and workgroup. A department or workgroup that is suffering from a problem can be effectively fixed with an employee identification program tailored to solve a specific problem.
The importance of employee recognition does not preclude the need for careful budgeting. Entrepreneurs cannot just burn corporate budgets with cheap prizes and trophies and medals.