Wednesday 25 July 2012

Using trophies to improve business performance

With the economy looking challenging for the next few years it is imperative that businesses ensure their most valuable asset is generating great returns. In most businesses, employees are the most important factor in generating sales and producing quality service and products. Having a highly engaged workforce is thus paramount to success, a disengaged workforce can be extremely costly. Trophies and plaques are a great way to boost engagement levels in the workforce. Having a recognition programme boost engagement through three components; a performance based culture, a teamwork based culture, and through employee respect and appreciation.

Creating a performance culture is all about about settings goals and targets for your teams to achieve. Trophies and plaques are a great way to motivate and reward teams for meeting targets. Is is best to have a regular programme, at least monthly, to ensure regular reinforcement.by breaking larger goals into smaller sizable chunks. Such a programme could have regular trophy presentations for meeting monthly targets, and a larger overall trophy for meeting end of year targets. Alternatively you could maintain one large plaque on the wall which has the goal divided into monthly targets. Each month this can be updated with achievements and winners names.

Teamwork is another important aspect which is closely related to performance culture. Presenting awards, trophies or plaques to teams as well as individuals can improve morale and boost cooperation within teams to achieve common goals. Another method is to have a large trophy or plaque for each team, and each team nominates an individual each month to recieve the team member of the month award. This can motivate other team members and essentially create a performance culture within a specific team, this can then spread through the rest of the company.

Lastly recogniton and respect for employees can boost business performance. We all like to be recognised and to feel we make a difference. Receiving trophies or plaques is one way to formally thank and recognise employees for a job well done. By reinforcing these behaviours you ensure that poeple are more likely to keep giving their best in the future, as we all strive for more reinforcement. Outstanding individual performance can help teams meet targets, which will boost team morale which can then lead to a performance culture throughout the whole organisation.

As you can see these three factors are all interlinked. The great thing about trophies and plaques is that they will affect all three factors in one go. A once monthly presentation of trophies and plaques is enough to boost performance, teamwork and employee wellbeing. With this in mind it is easy to see how an employee recognition programme is an essential investment to make in ensuring a productive and engaged workforce. Visit Xpress Awards for some professional corporate trophy and plaque designs.

Tuesday 24 July 2012

Why recognise success in business

Below is a great article from Recognition is Rewarding on the importance of presenting trophies and plaques in business settings.

Peter B. Grazier, author of the article, Starving for Recognition: Understanding Recognition and the seven Recognition Do's and Don'ts, believes at times people have a tendency to underestimate the importance of recognition. "We just don't seem to thank people enough," he notes. "However, a few years ago, I came across a Harris Poll of several thousand workers that asked, 'What 2 or 3 things do you want most in a job,' The first three more frequent answers were: 1) a good salary; 2) Job security; 3) recognition for a job well done.

Recognition is important because it sends a powerful message that the recipient is important. It says the organization cares about good performance.

While recognition programs contribute to employee satisfaction, they also serve as company communication tool that reinforces and rewards the direction of a company. According to Susan M. Healthfield, About.com, "When you recognize people effectively, you reinforce with your chosen means of recognition, the action and behaviors you most want to see people repeat. An effective employee recognition system is simple, immediate and powerfully reinforcing."

The most successful businesses or associations are the ones that have reward and recognition programs in place to acknowledge excellence on a regular basis. Whether it's a formal or informal program, studies show tangible awards - trophies, plaques, ribbons, medals and other personalized items - have proven to be the most effective way to give recognition, even better than money or gifts.

Historically, praise and recognition in the workplace have been handled from the perspective of, "If you don't hear anything, assume you're doing a good job." In contrast to this old industrial mindset, the new knowledge based worker relies and depends upon praise and recognition as means of defining what is valued by the organization. Today, praise and recognition are communication vehicles for what is deemed as important.

In the corporate world, recognition is used for one reason: to drive more business. While it may sound mercenary to some, it's a reality. Corporations cannot service if they do not make money. Shareholders demand it. Workers demand it. Suppliers demand it. And since costs keep rising every year, and workers and shareholders want to be paid more every year, the company must make more money every year. Thus, your employee recognition culture must recognize people for doing their jobs a little better today than they did them yesterday.

And while every company has its unique motives for affecting this behavior, incentives are typically given to:
  • Reach company or departmental goals or objectives
  • Recognize outstanding achievements
  • Boost morale
  • Increase productivity and profit margins
  • Increase profits an drive more business; and / or
  • Keep good employees
If you have recognition programs that do not lead to fulfillment of the company's goals, they should be reevaluated, and fast.

Gostick and Elton, Managing with Carrots

The orignal article can be found at : http://recognitionisrewarding.com/why-recognize-corporate.cfm