Recognizing one's employees is important in terms of boosting company morale, and one way to do that is through recognition awards.
However, some businesses may be wary of the effort, as they might think that they do not have the funds to properly recognize their staff. According to Love 2 Reward, which offers tips about employee incentives, giving out prizes does not have the be a costly endeavor, and could in fact boost productivity in the long run.
The news provider reports that it's important for bosses who are looking to give out recognition awards to think outside the box in terms of ensuring those who work hard are singled out, but at the same time not going over-the-top with a big production.
While many employee recognitions used to be handed out at galas or dinners, money has since become tighter. It may be a good idea for a company to consider holding special lunches during working hours in order to present the customized awards to their star performers.