Awards Insider

  A culture of recognition develops engaged and loyal employees. Making employee appreciation integral to your workplace culture can be achieved through meaningful and intentional practices.  Employee recognition has long been a cornerstone of effective management. But today, as the competition for talent escalates, the ways organizations show that they value their employees have become more important than ever.   Creating a recognition program is a start—so if you don’t have one, that’s a good first step!—but great companies go further, constantly reevaluating the ways they reward employees and considering the role recognition plays in their  company culture . As companies grow, this becomes even more of a challenge, and leaders must rethink the way they add value to the employee recognition experience.    What is employee recognition?  Employee recognition refers to all the ways an organization shows its appreciation for employees’ contributions. It ...

  What is employee recognition? Employee reward and recognition programs are special incentives set up by companies to recognise staff for their contributions to the success of the business. The companies with the best employee recognition programs typically not only manage to hire and keep more top talent than other businesses, but they also ensure that their employees feel appreciated and are highly motivated to work towards achieving the shared corporate goals. Types of reward and recognition programs Employee reward programs typically cover three broad categories: They  celebrate career milestones , such as five, ten or 20+ years with the company. They  reward achieved targets  or outstanding measurable results. They  acknowledge good work  and encourage the employee’s  ongoing efforts and dedication. Benefits of employee recognition programs A  Gallup analysis  has shown that only one in three employees surveyed reported that they receiv...