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Award Programs
Studies Show People Want and Need Recognition and
Appreciation*
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Recognition boosts people's esteem and performance
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Recognition signifies that someone notices and someone cares
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Recognition is increasingly important in todays business environment
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Recognition is not just for the person who performed well. It is also a message to other employees about the type of performance that gets noticed in an organization
Bottom line, competitive organizations need to make employees feel valued. A national survey by Robert Half International found that, ahead of compensation issues, limited praise and recognition was ranked as the primary reason why employees leave their jobs.
Applications
A recognition program of any kind and purpose can be created. The following list are the primary types applicable to the corporate environment:
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Sales Incentives
This is the number one application for award programs -
Recognition here focuses on improving performance and self esteem
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Service Award Programs
These are designed to positively reinforce actions that increase quality and productivity, and / or meet other corporate goals -
Safety Programs
Here the emphasis is on reducing accidents and injury costs -
Additional Applications
The reasons to recognize are endless
Buyers
With so many possible applications, many departments within a corporation have viable recognition product needs:
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Corporate Communications for anniversaries, new buildings, mission statements, special milestones, corporate sponsored events, etc...
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Human Resources & Training for years of service, employee of the month, perfect attendance, retirement, course completion, etc...
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Business Operations for safety, productivity, quality, supplier recognition, etc...
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Sales / Marketing for sales club, annual quota, distributor contests, etc...
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Finance for budget performance, collection performance, etc...
Benefits
Non-Monetary Awards are seen by supervisors,
peers, spouses, relatives and friends. They are everlasting symbols of
success; they are not spent and forgotten. Awards reflect the image of
an organization in ways that retail merchandise cannot.
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Display meaningful and inspirational symbols to the people involved in a particular program
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Immediately identifiable by peers, thus reinforcing their value as builders of self-esteem and motivation
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Cannot be purchased outside the organization, therefore, they must be earned
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Designed to be highly personalized; not only with the recipient s name, but the name of the program and details of the accomplishment
10 Steps To Success
Typical recognition programs include the following elements:
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Program Objective
It should be consistent with the company s values, principles and objectives for improving productivity and performance -
Program Theme
Recognition is fun. Theme ideas are endless! -
Award Period
Whatever your time period, keep the program visible with regular updates and benchmarks even mid-period awards -
Recognition Categories
Clear and definitive boundaries must be set with criteria above and beyond what is normally expected from employees -
Eligible Participants
All employees related to that department, goal, etc., must be eligible -
Program Qualifications
A recognition program must provide equal treatment for equal accomplishments -
Presentation
Recognition and rewards must be timely to the achievement. Acknowledge actions as soon as possible. Generally, public commendation is better than private -
Budget
When performance goals are met, the increased sales, profit or cost savings to the company will far exceed the cost of a recognition program -
Awards
Recognition is not compensation! Studies repeatedly show that employees rank recognition for accomplishments higher than money -
Cost Analysis
A well-structured recognition program virtually pays for itself due to increased profits, cost savings and employee morale that result from meeting program goals