As the New Year nears, now is a great time to show your employees some appreciation. Anything that shows they are recognized as a valuable asset can make the difference for an employee who’s been giving it all they’ve got.
Recent PPAI studies have shown that recognition programs work:
- Recognition programs boost sales an average of 26%
- Promotional products as incentives can boost employee performance by 22%
- Team recognition boosts performance up to 44%
- Incentive programs that run for more than a year increase performance by 44%
- According to a recent survey, workers reported going 50 days since they last felt recognized.
Boosting morale is as easy as making use of our in-house capabilities! Certificates and awards give you the opportunity to make recognition personal; we can print them, and add a classy, branded holder to give with them, to boot! Nothing speaks as clearly as your own words: Custom thank-you cards are the perfect place to jot down thoughts on what an employee means to your company.
On the other hand, receiving tech, coolers, etc., a high-quality plaque or a glass award is something the employee will cherish, and serves as a constant reminder of their hard-earned achievement! These tangible awards, plaques and other recognition pieces are also critical. They greatly increase self-esteem and improve morale, they provide a visible reminder of achievement and appreciation, they are critical for retention efforts.
Does your company have an awards and recognition program? We can help you create a successful program from start to finish!
Key attributes to an Awards and Recognition program:
- Reinforces company goals
- Strengthens the company’s brand
- Improves employee loyalty
- Encourages personal achievement
- Rewards performance
- Increases productivity
- Builds self-esteem and motivation
- Creates a sense of accomplishment
- Most importantly…it says, “thank-you!” For a job well done!
A recent World at Work-study discovered that 85% to 95% of all companies with incentive programs reach or exceed their goals! A key asset for any company is their employees. Competition is keen today for this very important asset. As a result, an organization, in order to stay competitive, absolutely needs to make employees feel valued.
Studies have shown that companies that offer recognition programs outperform their competition, increase employee loyalty and are more highly thought of in the community. Awards & Recognition are increasingly important in today’s business environment where competition for the best workers is intense. At the same time, the importance of human resources is paramount – a company needs to obtain extraordinary results from ordinary people. Yet another factor is the attitude among today’s employees, who value job satisfaction over most other criteria.
Recognize and reward your best asset – your team! Contact your Bankers Promotional Consultant for more incentive ideas. Explore awards and recognition here.