by Awards enhance employee retention by giving employees job satisfaction. The primary benefit of giving physical trophies and awards is that it will boost job satisfaction and employee satisfaction. Everybody likes to be recognised especially when they put in effort. When employees realise that their organisation appreciates their work that they do, it enhances their job satisfaction. A physical award by a Trophy Maker is a terrific option as they are tangible and the employers can keep them for life. On the other hand, if the boss gives him a compliment or a good comment and if it is not given in writing, the chances are that it will soon be forgotten. When the reward is physical it is a reminder all the time that the organisation appreciates his work. It is also a great incentive that a company can offer to its employees. It is a great way to motivate employees to do better and work harder. Competition has the potential to get the best out of people.
When job satisfaction is enhanced it gives the added advantage of employee retention. Workers look for another employment when they feel that they are not being appreciated. Issues with employee retention have possible influence and it can reduce the morale of employees drastically and it can result in more. Training and hiring workers is expensive, awards are given to enhance their morale, it can also be looked at as a cost effective way for reducing employee attrition.
Developing teamwork among the staff members
It helps by being an incredible way of building team spirit among employees. Medals, trophies and awards are given to employees in a team so that they can enjoy success and also you can appreciate the contributions that their employees are making to their organisation. When you recognise the whole work of the team, there are other teams also who look at this. They work more than the others. When awards are given to them, it can also enable others to get to know each other. They develop positive ways because others will look at data shared with them so that they can do better as well and this is teamwork than just individual praise.