Posted on

Do Recognition Awards and Programs Work?

Successful business owners all over the world support recognition programs and recognition awards to achieve more from their businesses. If you have focused and motivated staff members that are all heading in the right direction you will have a more successful business so in our opinion, yes, recognition awards and recognition programs do work.
But then, as a trophy and glass award supplier we would say that wouldn’t we? Of course we are going to be a little bit bias; after all we sell recognition awards. So much so that when new people start within our team we tell them that we really do have the best job in the world, we help people get recognised for the amazing work they do.
Not sure if recognition programs and recognition awards could work for you? Let’s have a look at the facts for recognition programs;
• 90% of voluntary resignations within a business are because team members feel under-appreciated by their managers or by the business as a whole.
• On average, key staff members within a business cost around 150% of their quarterly salary to replace them.
• Companies that start recognition awards and recognition programs within the workplace experience a 50% lower turnover rate on their staff.
• Just 30% of staff members will improve their performance after being criticised, whereas 90% of staff members will improve their performance after being praised or recognised.
The most popular reasons that businesses use recognition programs are as follows;
• To create a positive work environment for those in the workplace
• To motivate and encourage high performance from staff members
• To reinforce desired behaviours from high achieving and hard working staff members
• To increase morale within the workplace and among staff members.
If you would like to discuss the best recognition awards for your business, or speak about engraving options for glass awards then give us a call. We are always happy to offer advice and guidance to help you get the best glass awards for your needs.