There are numerous studies on corporate culture, and human psychology that showcase the various motivators have in the workplace. The common factors that keep employees going include a sense of achievement, financial stability, a chance to continue learning new things, an opportunity to get a promotion and even having power and control. However, the most important but usually neglected motivator is the power of employee recognition. In this read, we are going to discuss the importance of giving out custom awards or trophies in the workplace.
Morale affects everyone, and if you are not into your job, it’s highly unlikely that you will perform well. It’s crucial that you try and boost morale, especially in the workplace. Physical awards like trophies are an excellent way to increase confidence as it tells the workers that their role is appreciated. If an individual knows that they could get an award for their job, they are certainly going to put more effort in their role.
It is no secret that workers who are engaged with work more proactively and efficiently, therefore more productive. If individuals know that their efforts are likely to be rewarded, they will undoubtedly work harder. Employee recognition through physical awards is an excellent way to ascertain that you have a productive team in the office.
Heighten Employee Loyalty
Another significant effect of employee recognition is increasing their desire to stay with the organisation. One of the measures of success is the ability of a firm to retain their best workers and employees. If your people are trying to leave because they are unhappy with their roles, it won’t be long before you are left with an empty office.
The cost of training new employees is always high. You’ll need to invest time, money and trust to a new team which you will have to get to know. On the other hand, if you ensure that your employees are appreciated in the workplace, you will never have to look for a new team to fill the empty roles. Instead, you can grow the loyal workers into the next generation of leaders in the company. This way, you can engage on other things like traveling the world, spend more time with your loved ones or even start a new business while maintaining the peace of mind that your company is in good hands.
According to various studies, workers who feel that their contributions and roles are being recognised are more likely to be satisfied with their jobs. These individuals feel good about themselves and are motivated enough to continue doing great work at the company. When a person knows that their efforts are being recognised and appreciated, they ideally get the determination to excel and improve at their roles. This, in turn, ascertains the business with quality work and service from that individual.
As you can see, there are numerous benefits of giving out physical awards or trophies in the workplace.