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Employee Recognition Frequently Asked Questions

Why is Employee Recognition Important?

Employee Recognition increases employee engagement and retention which then increases productivity. Employees who are engaged and invested in their work produce better results and are more likely to withstand temptation to leave. Organizations that implement employee awards see up to an 87% increase in retention. Managers who recognize employees can see increase engagement levels by 60% can see a 20% increase in productivity and with 2x the quality of service and sales.

  • Creates a Positive working environment that encourages employees to thrive
  • Contributes to higher employee morale and increases organizational productivity
  • Reinforces enthusiasm, commitment, and social conscience of employees

What Effect Does Recognition Have on Employees?

Employees who receive formal recognition awards have a sense of pride in their work and is a value add to their paycheck in a positive work environment that fosters open communication of appreciation.

  • 39% of Employees are more productive
  • 59% of Employee have a sense of increased motivation
  • 73% of Employees report increased positive morale.

How Does Employee Recognition Effect Retention?

According to Salary.com, of the top 5 reasons employees cite for why they are leaving a company, over 33% of exiting employees cited "No Recognition" as to why they are leaving their job. This is 2x greater than an all other benefits combined and second to Inadequate Compensation and No Opportunity for Advancement.

How to Create an Employee Recognition Program?

Establish how performance is to be measured by figuring out for your goals what constitutes a reasonable target that balances the requirement for improved performance with attainment. The rules and measures should be understandable and easily produced and verified. You will need a degree of flexibility should circumstances arise that weren't foreseen or warrant a change.

  1. Define the Program's Scope and Direction
  2. Develop a Budget
  3. Establish Program Guidelines
  4. Communicate the Program
  5. Present the Awards

How to Budget Employee Awards?

The 5 things to consider when developing a budget for the program:

  1. Internal Administrative Costs
  2. Employee Award Trophy Costs
  3. Number of Recipients
  4. Shipping Costs to your Location or Direct to Recipients
  5. Ancillary Event Costs such as Food Expenses

What Award Products Do Employee Consider the Best for Recognition?

Successories surveyed 100s of organizations and found that although pins, certificates and plaques may be budget friendly for organization, Employees greatly prefer to be recognized with trophies.

  1. 52% Trophy Awards
  2. 16% Money
  3. 13% Plaques
  4. 12% Certificates
  5. 7% Medals & Pins

Customer Favorite Recognition Awards

Updated Sunday 02-25-2024
Brilliance Acrylic Award
from Audrey of Undisclosed

Brilliance Acrylic Award

Perfectly Professional and Portable!
The award was perfect! Our work team wanted a sturdy award that looks professional and will present nicely and last throughout the recipients career but it also has to be able to be shipped around the world. Love the accent color to give it more flare and the font size and proportion were spot on. Very nice product, will be ordering more!

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