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Why
Recognition?
Recognition has never been more important
than it is today. Companies must acknowledge their employees
contributions and efforts in order to promote loyalty
and employee pride in their company, and themselves.
Research has shown time and again that while competitive
pay and benefits may attract the best talents, it is
an environment that promotes recognition though out
the company that stands the best chance of retaining
their valued employees and sustaining growth.
What
is involved in setting up a recognition program?
Since recognition is in a sense, rewarding
behavior that you wish to sustain, you must first begin
by identifying what it is that you want to recognize.
The amount of time involved in setting up a program
will vary and could take anywhere from several days
to several months. Lane Award Manufacturing can take
much of that burden off you so as not to add to your
present work load. It is our goal at Lane Award Manufacturing
to provide you with all the assistance you need to quickly
and successfully implement your recognition program(s).
How
does one determine how much to budget for a recognition
program?
This is determined in part by the type
of recognition program you are putting in place and
the expected return on value from the program. What
you may choose to spend on a "sales award" program is
certain to be different that what you might spend on
a "years of service" program for all employees. Also
the age of your company, type of business and financial
resources will have a bearing on what you should budget
for a recognition program.
Should
I include our corporate logo on awards?
Symbolism is an extremely important
element of recognition. To maximize the return on your
investment, the award must be unique and exclusive.
Your logo is what makes the award exclusive. It provides
the connectivity between the achievement and the award
as well as your company and the recipient. Your Logo
will serve as an everlasting reminder of their experience
and achievement at your company.
How
important is the award presentation itself?
How an award is presented is key to
maximizing a company's investment and return on recognition.
The presentation must be appropriate, done in good taste
and thoughtful. It is a celebration and as such should
be treated as such. Whether the award is being presented
in a formal setting or a more informal setting, or one
on one, the concepts of presentation and recognition
remain the same. If you would like to know more about
the art of award presentation contact us.
How does one
differentiate between different levels of recognition
and achievement?
As the significance
of the achievement goes up so should the perceived and
real value of the award increase. Key determinants in
perceived value include quality, size, weight, shape
and the material makeup of the award. In all cases personalization
is critical to maximizing the perceived value of the
award. Let our experts help you in selecting the right
awards for the right levels of achievement.
Is money a good
form of recognition?
While money is often used as a form
of recognition studies have shown that rarely does money
provide the return on investment that an actual award
will. Money is frequently used because it is easy and
because many people believe that it is a great award.
Unless the financial award is a significant portion
of their annual income it will not provide the return
on investment the award program is intended to achieve.
For more information on this area contact Lane Award
Manufacturing.
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What
Do Employees Want From Their Jobs?
(PDF,
74 KB) |
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