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In this rapidly changing business
environment, keeping a satisfied workforce is the key to increased profitability.
Companies with high turnover ratios tend to spend
a large percentage of profit dollars on recruiting, replacing and training
employees.
In addition, companies with motivated and satisfied
employees are more likely to have high customer service levels and therefore
satisfied customers.
Also, think about expanding your programs to include
distributors, suppliers and independent reps.
Build employee recognition and award programs
that will acknowledge exemplary performance or behavior patterns.
Programs can either be ongoing or have a particular
duration.
The first step is to establish the goals and objectives
of your program, and then set the parameters.
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| Duration of Service
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Completion of a Project |
| Award Attendance |
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Improve Safety |
| Improve Customer
Service |
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Increase Customer
Satisfaction |
| Build Loyalty |
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Foster Teamwork |
| Boost Productivity |
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Improve Performance |
| Increase Sales |
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Increase Market Share |
| Reduce Turnover |
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Lift Morale |
The most common award
is usually a free standing desktop award on a base or a plaque.
With a long shelf life, these awards make the
employee feel special and continue to remind the employee of their achievement.
Consider creating a customized version of this
award with a symbol that represents either your company or the specific
achievement.
Some awards may represent extraordinary milestones
that would be best rewarded with something of value such as high-end
merchandise.
In addition, there are certificate gift programs
that allow your award recipient to choose their own reward from an approved
selection of items displayed in catalog format.
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Let us help you build an award and recognition program that will foster a sense of pride and success among your employees. |
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