In the contemporary workplace, valuing one’s workforce is incredibly important. It is common for people to spring from job to job in their search for something stable, that pays well, and where they feel valued.
A great way for companies to attract and retain quality employees is to give them the recognition they deserve. Offering service awards for employee loyalty can make employees want to stay with a company.
Long service awards work, but how is it that they work? What do they do to keep employees with the company? Here take a deeper look into service awards and why they matter now more than ever before.
Making Company Culture More Positive
Giving out employee service awards encourages more positive perspectives among employees. This sends the message to everyone who works there that the company values and appreciates their employees’ hard work every day.
Employees who work at a company that gives out service awards tend to feel a greater sense of belonging at work. They know that their efforts matter and that they are not invisible to their higher-ups.
Boosting Employee Morale
When employees are rewarded – and awarded – for their dedicated service, they feel a heightened sense of morale. When morale is high, employees are more likely to feel motivated to achieve and succeed in their roles.
Motivation is important for employees to produce solid work. When employees feel acknowledged and respected at work, they are likely to feel more motivated to keep doing well and even push themselves harder to perform well. The opposite is also true; when employees go unrecognized and unappreciated, morale dips, and so does their motivation to excel.
Increasing Productivity
Companies that genuinely value productivity treat their employees with dignity and respect. Offering service awards to loyal employees can help boost their productivity. When employees feel their work is appreciated, they will likely go above and beyond to do their best, and their best can mean doing more.
Whether it is getting paid time off, a personalized gift, or a travel voucher, offering service awards to employees incentivizes them to push themselves. Seeing others being awarded for their excellence can also propel employees to want to do better. Thus, companies see better performance outcomes as a result.
Encouraging Innovative Thinking
One thing that every company wants from their employees but that does not often get discussed or encouraged enough is innovative thinking. This thinking helps propel the business forward and allows employees to engage their creative sides. Work can feel all the more enjoyable when employees get to put their creative minds to task.
Whether you are awarding an individual employee or a specific team or department, employees who get recognized are more likely to keep putting effort into innovative new business techniques, services, or products. With all the motivation to succeed, employees will want to put their thinking caps on and step outside the box to drive the business forward.
Attracting and Retaining High-quality Employees
When a company wants to attract high-quality talent, they need to show that there are reasons for those potential employees to join and stick around. Letting new or potential hires know about your service awards can help attract high-level talent to your company. Not only will these employees see that their current accomplishments matter, but the company will champion their future successes.
As a company starts accruing and retaining high-level talent, this gives a competitive edge in the job market. You will be able to attract even more high-quality employees this way and, as a result, expand your business. Your company can stand out as the one that people want to work at and where they can enjoy long, rewarding, and rewarded careers.
Celebrate employee loyalty using service awards to help keep employees feeling valued. Come up with a service award program highlighting your employees’ accomplishments, then celebrate with them. Doing so can help foster a stronger sense of belonging and community among your team. Your employees will know that their hard work matters in your eyes.
