The importance of awarding

Motivation is among the main factors, influencing the productivity of employees and as such is often a challenge for employers, because they realize that when an employee spends the majority of his active hours at work, the line between working with essence and working purely mechanically, on tasks, is very thin and variable.

How to positively influence productivity is a complex matter. Surely, doing only the very basic such as the Christmas party (where everyone participates) or birthday voucher (not even a personal gift) is far from enough. Often and rightfully so, employees are looking for recognition based on their very own achievements.

Many companies have solved the issue in a rather obvious but very effective manner – by organizing a system of personal appreciation acknowledgements, such as Employee of the month certificate, financial bonus, special gift.

Why is awarding important for the good work of employees? Here are the very basic obvious and not so obvious reasons:

Retains top talent: Employees who feel valued and appreciated are more likely to remain with their employer long-term. Awarding your employees can help to retain your top talent and reduce employee turnover rates, which can be costly and disruptive to your organization.

Encourages healthy competition: Awarding employees can also encourage healthy competition among team members, which can lead to increased innovation, creativity, and productivity. When employees know that their achievements will be recognized and rewarded, they are more likely to strive for excellence and push themselves to achieve more.

Reinforces company values: Awards and recognition programs can also help to reinforce your company's values and culture. When employees are recognized for behaviors and achievements that align with your company's values, it sends a clear message about the type of behavior and performance that is valued within your organization.

Boosts morale: When employees receive recognition for their hard work, it boosts their morale and gives them a sense of accomplishment. This, in turn, leads to increased job satisfaction and motivation, which can lead to improved performance and productivity.

Motivates employees: In addition to recognition, rewards such as bonuses, gift cards, or time off can motivate employees to perform at their best. When employees feel that their hard work is being acknowledged and appreciated, they are more likely to be motivated to continue performing at a high level.