Why It’s So Important To Reward The Top Performers In Your Company

If you have started to wonder if you should jump on the bandwagon to have some of your top performers in the company rewarded, you may want to learn more about the benefits of this. This way, you can see just why it is such a good thing to do and you can start to think of ways to implement your new reward system right away.

How It Helps The Winners

Those who win the race to the top in terms of sales or whatever else you track throughout the month will greatly benefit from receiving recognition. Using custom awards, whether it be trophies or plaques will be a nice thing that the employees can collect and display on their desks or in their homes for a long time to come.

Those who end up with the awards can make note of that whenever they apply for promotions within the company, as it shows that they have demonstrated outstanding levels of performance. They will also know that you see their efforts and that you appreciate all that they do. This will help the company as a whole because those employees will be more likely to continue to push harder and excel past the minimum requirements for their position.

How It Helps Those Who Do Not Win

Not everyone is going to win an award but you can make a large number of categories for recognition so as many people can be rewarded as possible. When they do not win right away, they might strive a lot harder in order to have a better chance at winning next time. If you have your recognition ceremonies once a month, or at least every quarter, you are giving your employees plenty of chances to try to improve themselves.

When They Are Not Recognized

When you have employees that are striving to do their best for the company, but yet are not recognized for all that they do, you might find that their efforts will start to diminish. They may decide to simply start doing more busy work or anything just to get by without standing out from the crowd instead of putting forth the maximum amount of effort that they could be putting forth.

This is not only bad for their careers but bad for your company’s bottom line. Without the proper recognition, you may find that you are not truly getting your monies worth when it comes to employee effort. You might also notice that some of you better employees will start looking for a change and end up with a different company, one that has taken great strides to reward their excellent workers. You may then find that you are stuck with the employees who may not care that much about their performance or the company they work for, and that is not good at all.

Make This Your Job To Handle

Recognition is not one of those tasks that you want to pass off on to one of your supervisors. The higher up the chain the employees receive the recognition from, the more it will mean to them. Therefore, you’ll want to make sure that you are in direct control of the selection and the ordering of the awards. You will also want to organize the awards ceremony, making announcements, and personally handing out the awards. That little bit of effort on your part will go a long way and it will in turn really help your company grow in strength. Also, make sure that you are giving them awards based directly on the specific accomplishments that they’ve made, so they know that you truly know their worth within the company.

As you can see, there is a lot to consider when it comes to recognizing employees within your company. It is a good idea to implement this as soon as possible so everyone can start benefiting from it.

BIZCATALYST 360°https://www.bizcatalyst360.com/about/
We are an Award-Winning lifestyle, culture, and business new media digest, serving as the global hub for enhanced performance and well-being. With an emphasis on action, our 500+ international contributors empower people to transition from knowing what to do to actually doing it. All of this complemented by syndication relationships with a choice group of equally innovative media outlets. Today and every day, we simply deliver the very best insights, intelligence, and inspiration available anywhere. And we do it our way, placing our writers and our audience at the forefront. It's timeless. It's evergreen. It's simply good stuff. Period. More About BC360°
Notify of



Must Read

Changing The World –By Advocating For Children

As Publisher and Editor-in-Chief of this global media platform & Chief Encouragement Officer of our affiliated pro bono social impact enterprise; GoodWorks 360°, I was delighted to have...



Email List Login