Formal Recognition: Is It Worth It?

Why should you formally recognize your employees? What's the big deal? Can't I just give them a gift card or a bonus every now and then to show them I appreciate them? Often times, the biggest mistake an employer makes is not recognizing their employees formally. When you give a gift card or a bonus, it is something done in secret and although it is appreciated by your employees, it does not have the same lasting effect of recognizing them in front of their peers. Yahoo mentions in one of their articles that a physical award is much more appreciated than a cash gift. Quote: "Recognize personal milestones with trophies, plaques, or merchandise. Cash is usually a poor choice because it is quickly spent or banked and therefore has a short afterlife. Trophies, on the other hand, are kept, and remind employees of their accomplishments." They also recommend creating formal ceremonies to reward your employees in front of the whole company. Quote: "These ceremonies can recognize individuals, teams, or entire departments. They can be lavish, whole-company affairs or small staff meeting presentations. The important thing is to make the recognition sincere, appropriate, and public." Time after time I hear from our customers that their employees look forward to their annual awards ceremonies and some of our corporate customers even plan events to recognize their employees every quarter. How will you build company morale and highlight your employee's achievements?

July 15, 2013 by Nicole Dent
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