Employee of the month awards have been around for a long time. And many people see them as being a little old-fashioned and outdated. However, there is still a lot to be gained by having an employee of the month award in place. Here are the key benefits you can expect to get from one.
It Adds a Competitive Element to the Workplace
There is nothing wrong with there being a bit of healthy competition in the workplace. It can help to keep everyone on their toes. And as long as it remains friendly and convivial, there should be only positive outcomes from it.
This is what an employee of the month award can help with. Everyone will be competing for that prize that is handed out at the end of the month. And that means everyone will be striving to do their best work, which can only be a positive thing for the business.
Competition can be good for everyone, so don’t shy away from introducing it into your workplace.
It Gives You a Great Way to Recognise Good Work That’s Being Done
When your employees do good work for the business, you should find ways to recognise it. And one of the best ways to do that is by handing out a monthly award for the employee who’s done the best work.
People are more satisfied with their jobs and happier overall in the workplace when they know that the positive things that they do are not simply being taken for granted by the people at the top of the company.
Trophies can be found online at places like http://namebadgesaustralia.com/trophies.html. All good work should be appreciated, so why not show that appreciation with a tangible reward that can be given out.
It Can Improve Employee Retention
Employee retention can be a big problem for many small companies. When you have a team of good people, you want to keep them all together and pushing your business in the right direction.
But if you don’t have money to offer big bonuses and huge pay rises, there is always the risk that their good work will lead to them getting a more lucrative contract elsewhere. Offering some sort of process through which good work is recognised can help to improve employee retention. The atmosphere in the workplace will be more fun, and people will know that they’re valued.
It’s a Lot of Fun
One of the best things about running an employee of the month award is that it can be a lot of fun. You will be able to ensure that the workplace remains positive and upbeat. And it doesn’t have to be something that applies pressure to your working environment.
The award shouldn’t be taken too seriously. Instead, it can be a bit of fun that still helps to offer recognition to the good work that’s getting done. If you want to find other ways to make your workplace a little more fun, head to https://www.fastcompany.com/how-to-make-your-workplace-fun-and-creative.