When we talk about rewards and recognition, you should know that there is a difference in the effect that both create since a reward is about rewarding the results, recognition means agreeing with the behaviour or the result and reinforcing the same. When we talk about formal rewards and recognition, it generally means being a part of some predetermined program. Employee awards allow the receiver to show off their accomplishments, which is why these awards come in a variety of different styles and sizes to help commemorate a multi-level achievement or to fit company budgets. 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. When you offer staff members an award and show them the award, they will receive it causes staff members to compete against each other.
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.Another reason to give employee awards is that you build motivation within the staff members. Employee awards are the best thing you can give to a departmental employee for their best efforts or for just doing an excellent job. You will also notice there is more productivity within the organization from your employees. Employees love receiving an award since they love to know that their effort is appreciated and noticed by the firm.
Before you even try to give the award, it is obvious that there are certain criteria to follow. Certainly, do not forget to ensure that it matches the achievement. In order to maintain performance management there are few criteria that you need to consider when rewarding a person. Give the recognition and award for achieving the desired performance rather than just for doing the required task. The reward should be based on obtainable goals. You can, in fact, motivate an employee to a great extent by rewarding in the following way. As a manager, you can personally congratulate your employee for doing a good job.As a manager, use morale building meetings to reward and recognize an achievement.
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When it is about trophies, medals and awards then people normally have different opinions on that. This is the reason why not only the esteem of the trophies awards but their manufacturing quality also cannot be overlooked.