Rewards and recognition play an important role in employee satisfaction. Informal rewards and recognition means spontaneous recognition or reward for something important. These awards further result in performance management and it helps to create a workplace environment which develops a positive and healthy spirit of competition among the employees thereby leading to achieving the necessary business results and goals. These employee awards are sure to be proudly displayed by all who receive them, plus they also make charming and unique conversational pieces which will be remembered for years to come. As you can see, the world of competition is healthy and good for the employees.
Employees will get more work done, and your organization will benefit in the long run and it is common for management to find it difficult to increase productivity or get more out of the employees.They need to be rewarded now and then because it shows them that you appreciate all of the hard work they bring to the table when they come. When an employee knows they are appreciated, it makes them feel good, and it helps build motivation to come to work and do a good job. You will also notice there is more productivity within the organization from your employees. Employees love receiving an award because they like to know that their hard work is noticed and appreciated by the company.
Before you even try to give the award, it is obvious that there are certain criteria to follow. Certainly, always be timely and specific about the rewards. In order to maintain performance management there are few criteria that you need to consider when rewarding a person. Always ensure that the reward system that you follow has a positive impact on the behaviour of the employee. The award should be open to all. You can, in fact, motivate an employee to a great extent by rewarding in the following way. You can also write personal notes for the employee who has done well.Along the way, make it a point to define the mechanics and parameters and also try and gather the support and commitment of your staff.
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When it is about trophies, medals and awards then people normally have different opinions on that. The above mentioned points, if followed can help you develop a positive and competitive spirit among your employees which in turn will motivate them to do well.