Benefits Of Setting Up An Awards Night At Your Company
If you run a company and are looking to make some changes, one idea to explore is setting up an awards night. Creating a number of awards that you can distribute to the key players in your workforce, perhaps once every fiscal year, can be highly beneficial. Think about getting two awards for each winner. For example, you can hand a small plaque to the person to take home, while also putting his or her name on an engraved piece that is mounted on a large award that remains in the office. Here are some selected benefits of setting up an award night.
Employee Recognition
Recognizing your employees is critical for a number of reasons. At large companies, some employees can feel anonymous; even at smaller companies, a hands-off approach from management can make employees feel less than appreciated. Things can quickly change upon your announcement that you'll be offering a number of awards at an annual company awards night. When employees are recognized at an awards night, they'll immediately feel as though management appreciates them. This can compel people to work harder, be better colleagues to one another, and even remain with the company for longer because of the strong feeling of appreciation.
More Cohesion
In some workplaces, there's little cohesion in the workforce. Sometimes, there's a chasm between employees and managers. In other cases, individual cliques can form that divide the workforce. Such issues can lead to squabbling, a lack of respect, and sometimes even acts of sabotage. An awards night might not immediately solve each of these issues, but it can go a long way toward getting everyone on the same page. Even the act of physically gathering together to celebrate once a year (or at a different interval that suits you) can bring the staff together.
Improved Bottom Line
When awards are available, you can often expect that people will try harder. Someone who just does enough to get by may ramp up his or her efforts, while someone who is already a major asset in your organization may push even harder in order to win an award. These changes in your workforce can often equate into a company that runs better, and this can lead to an improved financial bottom line. The minimal cost of having some plaques made up and renting a hall for your awards night may end up being considerably less than the increased profits the company is experiencing because awards are on the line.
To learn more about awards, talk to companies like Trophy Awards.