Corporate Awards - Increase Staff Morale And Increase Productivity
Improving employee motivation and morale is one of the easiest and best methods of improving organisational productivity and decreasing staff turnover.
The most valuable asset for most organisations is its staff. High employee turnover costs businesses considerable money and lowers morale across the entire workforce. For many managers the knee-jerk reaction when a valuable employee resigns is to offer more money to entice them to stay.
However this rarely seems to work and when interviewing exiting staff they often point out that low moral due to a lack of appreciation and recognition has led to de-motivation and disenchantment with their job. This is where smart managers can be ahead of the competition.
Tips for Managers Looking to Increase Morale
- Research has conclusively established that money is not the major reason for organisational turnover - it is more often a lack of recognition and rewards. Attrition can be significantly reduced if managers are able to recognise and reward good performance. Every opportunity should be used to appreciate the work of the employees.
- Attach recognition to achievable accomplishments and apply the criteria consistently, so it is fair across all staff and attainable.
- Staff are more likely to respond to recognition and awards that are somewhat random and provide an element of surprise. If an award or recognition becomes a 'given' or an entitlement, it tends to become no longer rewarding.
Avoid the employee recognition traps:
- Don't single out a few employees who are mysteriously selected for the recognition
- Don't decrease the morale of those who failed to achieve the criteria
- Try to avoid votes or other personalised, subjective criteria to determine winners
Ideas for Corporate Awards & Organisational Recognition